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EU and Gates Foundation commit to disease research

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Wednesday, 26 June 2013

EU and Gates Foundation commit to disease research

On 10th June,  the European Union and the Bill & Melinda Gates Foundation pledged to pool resources for research into HIV/Aids, tuberculosis, malaria and other poverty-related diseases.
The two will partner to develop treatments for poverty-related diseases, which affect more than one billion people  worldwide, particularly in developing countries.
The agreement with the Gates Foundation will come under the budget for Geoghegan-Quinn (Máire Geoghegan-Quinn, the European commissioner for research and innovation)’s research and innovation directorate and will form part of the EU’s Horizon 2020 programme - the financial instrument implementing an initiative (Europe 2020) aimed at securing Europe's global competitiveness. Running from 2014 to 2020 with an €80 billion budget, the EU’s new programme for research and innovation is part of the drive to create new growth and jobs in Europe.
As part of the agreement, the foundation and the European Commission will launch a joint innovation prize to reward innovations that address global health challenges.

Source: Euractiv