Gates Gives $10.4-Million for Cutting-Edge Research
October 23, 2008 | Read Time: 1 minute
The Bill & Melinda Gates Foundation, in Seattle, has announced 104 grants, of $100,000 each, awarded in hopes of sparking risk-taking and innovation in medical research, according to The Washington Post.
Applicants were asked to focus on HIV-AIDS, malaria, tuberculosis, and other infectious diseases that plague the developing world. The research will not be subject to rigorous peer review because, the foundation says, that would stifle innovation. The grant program is the first part of a planned five-year, $100-million effort by the foundation to encourage cutting-edge medical research.
In other news, Mr. Gates, the chairman of the software giant Microsoft, is reportedly starting a new company to oversee his technical research and philanthropic efforts, according to The New York Times.
(Free registration is required to view both articles.)
