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The Us$ 500 Million Challenge: Gavi Launches Infuse 2.0 to Scale Up Innovations in Immunisation
Foundation: Gates Foundation, Google.org, Coca-Cola Foundation, UPS Foundation
"With millions more children now at risk of deadly, preventable diseases, we need to ensure the most promising, most scalable innovations reach the countries that need them, urgently."
So says Dr. Seth Berkley, CEO of Gavi, the Vaccine Alliance, in announcing the launch of INFUSE 2.0, an " innovation scaling hub" that aims to secure at least $500 million in private investment to improve vaccination coverage in some of the world's most in-need countries.
Google, the Coca-Cola Foundation, and the Alwaleed Philanthropies are among the major backers of INFUSE 2.0, which Gavi says will "bring together investors looking for impact with entrepreneurs who can deliver it to help protect children across the world."
INFUSE 2.0 is a follow-up to the original Innovation for Uptake, Scale and Equity in Immunisation (INFUSE) 1.0, which Gavi says brought in more than 60 million dollars in initial investments and led to more than 200 million in follow-on funding for global health innovators.
"The pandemic has rolled back years of progress improving vaccine coverage in the world's most vulnerable countries," Berkley says in a Gavi press release.
"We need to ensure the most promising, most scalable innovations reach the countries that need them, urgently."
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