Bill & Melinda Gates Foundation

Bill & Melinda Gates Foundation

Bill & Melinda Gates Foundation operates as a non-profit organization that focuses on healthcare, poverty, and educational sectors in developing countries.

Company Overview

The organization provides grants for agricultural development, global health, and technical education programs. Bill & Melinda Gates Foundation was formerly known as William H. Gates Foundation and changed its name in 2000. The organization was founded in 1994 and is headquartered in Seattle, Washington.

History

The Bill & Melinda Gates Foundation is a grant-making foundation that supports initiatives in education, world health and population, and community giving in the Pacific Northwest. In its local region, the foundation promotes strategies and programs that help low-income families. The Bill & Melinda Gates Foundation was co-founded by Bill Gates and Melinda Gates in 2000 and is based in Seattle, Washington, with regional offices in Washington, D.C.; New Delhi, India; Beijing, China; and London, United Kingdom. Its trustees are Bill and Melinda Gates, and Warren Buffett.

The Bill & Melinda Gates Foundation is a partner of the Global Fund, provides cash contributions, participates on its board and committees, and supports the Global Fund's advocacy, communications and fundraising efforts.

The Gates Foundation has contributed US$2 billion to the Global Fund as of January 2018, and pledged US$600 million for the Global Fund's Fifth Replenishment, covering 2017-2019. This includes US$132 million in matching funds with the United Kingdom's private sector malaria matching challenge, and up to US$100 million to unlock other private sector contributions, including funds that go through (RED). The Gates Foundation and other foundations are represented on the Global Fund Board through the private foundations delegation.

The main mission of the foundation is to make advances in:.

  • Discover new insights to fight diseases and other health problems affecting developing countries.
  • Develop effective and affordable vaccines, medicines, and other health tools.
  • Deliver health solutions.

The foundation's Global Health Program that accounts for about 50 percent of total spending focuses on 20 diseases. The top five are: diarrheal diseases (including rotavirus), pneumonia, malaria--most deadly to kids--and AIDS and TB, which mostly affect adults.

The Bill & Melinda Gates Foundation supports advocacy efforts to build awareness of global health challenges, develop new ways to finance health programs, and improve health data.

Investments

Bill & Melinda Gates Foundation has made 93 investments. One such investment was on Jan 29, 2019, when they invested $55M in Lyndra Therapeutics. Bill & Melinda Gates Foundation has had 14 exits which include Novartis, Moderna Therapeutics, and Synlogic. Bill & Melinda Gates Foundation has $43M in revenue annually and it competes with Carnegie Corporation of New York, Open Society Foundations, and Lumina Impact Ventures.

The Gates Foundation has funded many of the Friends of the Global Fund organizations as well as advocacy partners in both developing and developed countries. The foundation provided support to develop and launch initiatives like Debt2Health and (PRODUCT)RED. The foundation has also funded special initiatives in the health supply chain related to the Global Fund.

Timeline

February 2020
The Bill & Melinda Gates Foundation commits up to $100 million to help fight against the Corona virus.

September 17, 2019
The Bill & Melinda Gates Foundation launches its third annual Goalkeepers Data Report.
January 2018
The Gates Foundation has contributed US$2 billion to the Global Fund as of January 2018, and pledged US$600 million for the Global Fund's Fifth Replenishment, covering 2017-2019.

Funded Companies

Company
Description
Industry
Website
Location
Novartis

Novartis is a healthcare and pharmaceutical company based in Basel, Switzerland, incorporated in 1996.

A company developing antibody-based biological medicines for kidney diseases and other chronic diseases. Visterra was acquired by Otsuka Pharmaceutical in 2018.

Butterfly Network is a company developing and designing a medical imaging device for real-time and three-dimensional or 3D imaging and treatment.

A medical company in Massachusetts focusing on lowering the cost of vaccine distribution.

A biotechnology company that develops medicines based on live bacterial consortia that can colonize the human intestine.

Clinical stage biotechnology company focused on treating infectious diseases using recombinant nanoparticle vaccine technology

Univercells is a Belgium-based bio manufacturing company founded in 2013.

Evolve Biosystems is a company developing a consumer product, Evivo, that improves infants' gut health.

Machine learning company providing software for healthcare providers

Masimo is an Irvine, California-based biosensor company founded in 1989 by Joe Kiani.

A biopharmecutical company developing human antibody based therapies

BetterLesson is a Cambridge, Massachusetts-based company.

Affinivax is a Cambridge, Massachusetts-based company founded in 2014 by Richard Malley, MD, Fan Zhang, PhD, Yingjie Lu, PhD and Kamran Tavangar.

A company developing targeted monoclonal antibody immunotherapies for the treatment of infectious diseases

Atomo Diagnostics is a Leichhardt, New South Wales-based designer and manufacturer of blood-based medical diagnostic and test devices.

A company developing diagnostic platforms such as test for HIV/AIDS and cell counting

CropIn Technology Solutions is an India-based business analytics company founded by CropIn Technology.

Lyndra Therapeutics is a Watertown, Massachusetts-based company.

PnuVax is a Kingston, Ontario-based company founded in 2011 by Dr. Donald Gerson, Jonas Elliott Gerson and Allison Turner.

Immunethep is a Coimbra-based company founded in 2013.

Stellapps Technologies Private Limited is an India-based company founded in 2011.

Just Biotherapeutics is a Seattle-based company.

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Documentaries, videos and podcasts

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News

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Author
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Description
Hillary Hoffower and Taylor Nicole Rogers
December 23, 2020
Business Insider
Warren Buffett recently offered advice in a virtual commencement address at his alma mater: read, communicate, and find a job you love.
Bill & Melinda Gates Foundation
December 10, 2020
www.prnewswire.com:443
/PRNewswire/ -- Die Bill & Melinda Gates Foundation hat heute bekannt gegeben, dass sie zusätzlich 250 Millionen Dollar für die Forschung, Entwicklung und...
Karen McVeigh
December 10, 2020
the Guardian
Deals struck by wealthy nations to secure treatments could leave the world's poorest people unvaccinated without urgent action
IANS
December 10, 2020
@bsindia
The Seattle-headquartered Bill & Melinda Gates Foundation on Thursday announced that it will offer an additional $250 million to fund the research, development and equitable delivery of tools for Covid-19 tests, treatments and vaccines.
Bill & Melinda Gates Foundation
December 10, 2020
www.prnewswire.com:443
/PRNewswire/ -- The Bill & Melinda Gates Foundation today announced it will commit an additional $250 million to support the research, development, and...
Bill & Melinda Gates Foundation
December 10, 2020
www.prnewswire.com:443
/PRNewswire/ -- La Bill & Melinda Gates Foundation anunció que dedicará 250 millones de dólares adicionales para apoyar la investigación, el desarrollo y la...
Conor Hale
November 13, 2020
FierceBiotech
Caption Health has received support from the Bill & Melinda Gates Foundation to apply its cardiovascular ultrasound AI to lung scans.
Gael Fashingbauer Cooper
November 12, 2020
CNET
The podcast, called Bill Gates and Rashida Jones Ask Big Questions, is set to premiere Nov. 16.
Caption Health
November 12, 2020
www.prnewswire.com:443
/PRNewswire/ -- Caption Health, a leading medical artificial intelligence (AI) company, today announced that it has received a grant from the Bill & Melinda...
BioSpace
November 10, 2020
BioSpace
LumiraDx, the next generation point-of-care diagnostic company, announced today a $32 million global partnership with Africa Union, Africa Centres for Disease Control and Prevention (Africa CDC), Africa Medical Supplies Platform (AMSP), Bill and Melinda Gates Foundation (BMGF), and Clinton Health Access Initiative (CHAI) with the support of the COVID-19 Therapeutics Accelerator,
LumiraDx
November 10, 2020
www.prnewswire.com:443
/PRNewswire/ -- LumiraDx, the next generation point-of-care diagnostic company, announced today a $32 million global partnership with Africa Union, Africa...
Mark Terry
November 9, 2020
BioSpace
The pre-specified interim data analysis indicated the drug hit the primary objective of superiority compared to the current standard of care for women.
Chris Ciaccia
November 7, 2020
Fox News
Microsoft co-founder Bill Gates tweeted his congratulations to President-elect Joe Biden and Vice President-elect Kamala Harris, adding he looks forward to getting the "surging pandemic under control."
R. Prasad
October 31, 2020
The Hindu
Gates Foundation has committed over $650 million towards tackling COVID-19.
August 25, 2020
WebWire
, , , , • Nine CEPI-supported candidate vaccines are part of the COVAX initiative, with a further nine candidates under evaluation, and procurement conversations on-going with additional producers not currently receiving research and development (R&D) funding through COVAX - giving COVAX the largest and most diverse COVID-19 vaccine portfolio in the world , , • 80 potentially self-financing countries have submitted non-binding expressions of interest to the Gavi-coordinated COVAX Facility, joi...
Katie Thomas and Megan Twohey
July 16, 2020
www.nytimes.com
Novavax just received the Trump administration's largest vaccine contract. In the Maryland company's 33-year history, it has never brought a vaccine to market.
Kim Lyons
July 11, 2020
The Verge
Microsoft founder Bill Gates said Saturday that drugs and a future vaccine to treat COVID-19 should go where they are most needed, not just to the highest bidder. "We need leaders to make these hard decisions about distributing based on equity, not just on market-driven factors."
Chris Ciaccia
July 2, 2020
Fox News
With coronavirus cases continuing to rise across the U.S., Bill Gates has partly laid the blame on social media companies such as Facebook and Twitter, saying they can do better at curbing the spread of misinformation about the virus.
Srividya Kalyanaraman
June 26, 2020
AmericanInno
Bill & Melinda Gates Foundation invests in better pesticides with Enko
Mark Terry
June 4, 2020
BioSpace
The fund, called the Emergency Support Instrument, would be used to increase vaccine manufacturing capacity in Europe.
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