|Published : 22 Sep 2016, 18:51:44|
Zuckerberg, Priscilla to invest $3b to treat all illnesses
Mark Zuckerberg and his wife, Priscilla Chan, have laid out plans to invest $3billion over the next 10 years with the not insignificant goal of tackling all diseases.
“Can we cure, prevent or manage all disease by the end of this century?” asked Zuckerberg, speaking in front of a packed lecture theatre at the University of California, San Francisco’s (UCSF) William J Rutter Centre.
The Chan Zuckerberg Initiative will focus on some of the world’s biggest killers, including heart disease, cancer, infectious diseases and neurological diseases, reports The Guardian.
One of its biggest investments is to be a $600 million “Biohub” at UCSF, which will bring together scientists and engineers from Stanford, Berkeley and UCSF – who haven’t collaborated in this way before – to develop tools to treat diseases.
The second focus will be transformative technology, all of which will be made available to all scientists everywhere.
The Chan Zuckerberg Initiative is a limited liability company that the couple uses to make donations and investments to advance their philanthropic causes. It was launched at the birth of the couple’s first daughter, Max, in December 2015. The couple has committed 99 per cent of their Facebook stock, valued at $45 billion, to the initiative, which makes charitable donations and for-profit investments.
Zuckerberg and Chan acknowledged it was an ambitious undertaking. “It’s a big goal,” said Zuckerberg. However, he said that he and Chan had spent two years talking to Nobel Prize-winning scientists and researchers and believed it was not unrealistic.
“Can we all together work to cure, prevent or manage all disease within our children’s lifetime? We think it’s possible and so do scientists,” Chan added. “It’s not that we won’t ever get sick, but that our children and their children will get sick a lot less”. - IH