Microsoft founder Gates commits USD 100M for fund, start-ups, to fight Alzheimer's.
Billionaire Microsoft co-founder Bill Gates is to invest USD 50M in the Dementia Discovery Fund, a venture capital fund that brings together industry and government to seek treatments for the brain-wasting disease.
The investment is not part of Gates’ philanthropic Bill & Melinda Gates Foundation and will be followed with another USD 50M in a number of start-up ventures working in Alzheimer’s research, Gates said.
“My background at Microsoft and my (Gates) Foundation background say to me that a data-driven contribution might be an area where I can help add some value,” he said.
Alongside the USD 50M investment in DDF and the additional USD 50M planned for start-ups, Gates said he would like to award a grant to build a global dementia data platform. This would make it easier for researchers to look for patterns and identify new pathways for treatment, he said.