Fathom is excited to announce that it has been awarded a micro-grant from Launch Tennessee for technical product research. This recent accolade follows on the heels of the National Science Foundation I-Corps research funding Fathom secured in 2020.
- Workforce Wallet MVP: Fathom's proposal, termed the "Workforce Wallet MVP," is poised to revolutionize talent management and performance reporting by leveraging distributed ledger technology to address inefficiencies currently burdening the public workforce system.
- Previous Accomplishments: In 2020, Fathom, backed by an NSF I-Corps grant, conducted over 200 customer discovery interviews, identifying the pressing need for a streamlined technological solution in national workforce development.
- Road Ahead: The awarded micro-grant will be instrumental in crafting a technical product roadmap based on the invaluable insights from Fathom's customer discovery research.
JoAdel Adeola, CEO of Fathom, expressed, "The support from Launch Tennessee reinforces the significance of our mission. We're not just developing a product but pioneering a solution to transform and enhance the nation's workforce development ecosystem."
The Technical Report: Workforce Wallet MVP
- Project Lineage: Based on the initial research, Fathom spotted a crucial market opportunity for technology to ease the documenting, verifying, and reporting participant data, alleviating the struggles of workforce providers and participants.
- Product Evolution: The last eight weeks witnessed the vigorous efforts of Fathom's core team, in collaboration with technical product builder and manager Marvin Smith, to define the MVP's scope. The outcome? A tool aiming to provide a seamless way of documenting, managing, and validating workforce data, thus enhancing the national workforce investment's ROI.
- Anticipated Timeline: In its final developmental stages, the MVP prototype is slated for delivery in Q1/2023. As the next logical step, Fathom has initiated recruitment drives for WIOA case managers and participants to partake in a user research study, which will be pivotal in honing the prototype's usability.
What This Means for Investors & Stakeholders:
For investors, this grant signals Fathom's promise and potential to catalyze a seismic shift in workforce development. Workforce stakeholders can anticipate a transformative tool that will optimize their operations and resonate deeply with the end users.
"Beyond the research, our vision is to empower every stakeholder in the workforce development ecosystem. We are immensely grateful to Launch Tennessee for this micro-grant, which we view as a testament to our commitment and potential," remarked Julie Dunlap, Director of Research at Fathom.
To learn more about the technical report and the specifics of the "Workforce Wallet MVP" project, click here.
To learn more about Fathom's NSF I-Corps research, click here.
Fathom is a workforce innovation company offering universal talent management solutions for the World of Work. Their unique approach seeks to eliminate barriers in the education-to-employment ecosystem and pave the way for upward career mobility.
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Learn more about Fathom: fathompbc.org