Bill Gates’ charity gives $10 million to resolve world challenges

Bill Gates’ charitable basis is putting up $10 million to invest in ideas aimed at improving education, eradicating poverty, and stopping climate modification, among other causes.

On Tuesday, the Expenses and Melinda Gates Base announced a partnership with the MiSK Base, a non-profit philanthropic group established by Saudi Crown Prince Mohammad bin Salman.

The MiSK Grand Issues initiative will fund 100 “innovators” with $100,000 each. Ideas should be submitted around two styles: education and global citizenship.

A series of “grand challenges” will be launched above a three-year period around the two topics.

The charity wants “innovative solutions to challenges facing education systems.” And it’s looking at suggestions to help deliver on the “Global Goals for Sustainable Expansion” such as for example reducing poverty and producing sure everyone has usage of clean water.

Those that get funding will gain access to experts and key persons to help them develop their proof concepts into real initiatives. Following this, successful applicants may also apply for further funding.

“The MiSK Grand Issues will incentivize more of the brightest thoughts around the world for the best suggestions to solve a number of the toughest advancement challenges,” Gates said in a press release on Tuesday.

Read more on: http://www.cnbc.com/arjun-kharpal