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New Gates fund seeks better cures for world's ills | |
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| Time: 15:15 EST/20:15 GMT | News Source: Reuters | Posted By: Todd Richardson | ||
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Saying that medical science has solved the "easy" problems of the rich world, Microsoft founder Bill Gates Sunday announced a $200 million fund aimed at luring researchers into finding original cures for the poor world's ailments. The $200 million grant from the Bill & Melinda Gates Foundation will be used to set up the "Grand Challenges in Global Health initiative" which will dole out money in grants of up to $20 million each to scientists around the world. | ||
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