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