- The Chan Zuckerberg Initiative announced on Friday that it is donating $25 million into an accelerator run from the Bill & Melinda Gates Foundation for discovering remedies for COVID-19.
- The project attempts to find cheap treatments to COVID-19 sufferers which may be dispersed at scale.
- The accelerator is simply one of many ways technology giants are helping fight the spread of COVID-19.
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The Chan Zuckerberg Initiative, the philanthropic organization that Facebook CEO Mark Zuckerberg along with his wife Priscilla Chan started in 2015, declared on Friday that it is donating $25 million into Bill Gates’ accelerator for developing treatments and medicine to take care of COVID-19.
The participation from Zuckerberg along with his spouse comes following the Bill and Melinda Gates Foundation established the COVID-19 Therapeutics Accelerator before in March.
Charity and MasterCard base Wellcome is currently partnering with Melinda & Bill Gates within their initiative, which began during its launch with $125 million in seed financing.
The project’s intention is to create remedies. The accelerator expects to use its research to combat viral pathogens at the long term, also will appraise present drugs to for treating COVID-19 patients. The COVID-19 Therapeutics Accelerator is also working on the job together with the World Health Organization.
Assessing existing drugs is especially important because since they have gone through clinical safety trials, it would be a lot faster to make them accessible at scale than creating a new vaccine, Zuckerberg composed at a Facebook article on Friday.
The statement is just one of many attempts that Silicon Valley tech giants are now earning an attempt to help combat the spreading coronavirus, that has murdered nearly 25,000 individuals around the world and infected over half a million.
Amazon and Microsoft led to some $2.5 million relief fund for deploying funds to organizations working together with communities affected by the coronavirus epidemic in the Seattle region.
Facebook has also established a $100 million program to assist modest businesses affected by the pandemic, and Apple said it might contribute 10 million protective face masks to aid efforts in the USA.