The Bill & Melinda Gates Foundation announced today that it is committing $100 million over five years to create a new fast-track grants initiative to support innovative global health research. The initiative’s goal is to encourage scientists worldwide to explore creative, unorthodox ideas that could lead to major breakthroughs against some of the greatest health challenges facing poor countries.
The new initiative, called Grand Challenges Explorations will focus on rapidly evaluating a large number of innovative ideas that could lead to new vaccines, diagnostics, drugs, and other technologies targeting diseases that claim millions of lives every year.Grant applicants will be asked to submit relatively short funding proposals, which will be reviewed on a fast-track schedule. Explorations grants will be approximately $100,000 each, and successful projects will be eligible for additional funding.
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