Gates investing in innovation

February 1, 2010

We’re pleased to read Bill Gates’s annual letter for 2010 where he stresses the need for innovation in development and health. He states that society under-invests in innovation in general but particularly in two important areas: ones that would mostly benefit poor and in sectors like education or preventative health services, where there isn’t an agreed-upon measure of excellence to tell the market how to pick the best ideas. The Foundation is hence also going to be backing innovation that may otherwise go unfunded, with a special emphasis on education, food, and health as well as some related areas like savings for the poor.  The letter can be read here.

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“Melinda and I see our foundation’s key role as investing in innovations”