Gates donates $130m to fight dementia
Billionaire Microsoft co-founder Bill Gates will invest $65 million in the Dementia Discovery Fund, a venture capital fund that brings together industry and government to seek treatments for the brain-wasting disease.
The investment — a personal one and not part of Gates’ philanthropic Bill & Melinda Gates Foundation — will be followed by another $65 million in start-up ventures working in Alzheimer’s research, Mr Gates said.
With rapidly rising numbers of people suffering from Alzheimer’s and other forms of dementia, the disease is taking a growing emotional and financial toll as people live longer, Mr Gates said.
“It’s a huge problem, a growing problem, and the scale of the tragedy, even for the people who stay alive, is very high,” he said.
Despite decades of scientific research, there is no treatment that can slow the progression of Alzheimer’s. Current drugs only ease some symptoms.
Mr Gates said he’s optimistic treatments can be found, even if they might be more than a decade away.
Dementia is expected to affect more than 131 million people worldwide by 2050.