- Mark Zuckerberg and his wife Priscilla Chan have teamed up to form the Chan-Zuckerberg initiative, in which they plan to eliminate all disease
- To achieve such an incredible feat, the initiative plans to invest $3 billion in high-risk scientific research
A Billion Dollar Plan
More often than not, we visit the social media giant, Facebook, as a part of our daily ritual. What’s many might not know about the company is that its CEO, Mark Zuckerberg, and his wife, Priscilla Chan, are heading an initiative to eliminate all disease. It’s known as the Chan-Zuckerberg initiative.
It is a $3 billion plan that has already created the independent non-profit, Biohub. Biohub
plans to utilize $50 million in funding that will go towards the recruitment of 47 scientists, technologists, and engineers from some of the greatest research institutes in the nation: UC-Berkeley, UCSF, and Stanford.
One central theme in the recruitment of innovators is the idea of risk. While many public institutions award grants based on certain variables, Biohub’s co-founder, Stephen Quake asserts that they, “are trying to take on things that are above their[public institution’s] threshold of risk.” However, this does not mean that the researchers intend to go without additional funding sources. In fact, the 3 billion dollars allocated to the Chan-Zuckerberg Initiative pales in comparison the $30 billion that the National Institute of Health (NIH) spends annually on medical research.
A Long Term Goal
You might be scratching your head thinking how $3 billion dollars from Chan and Zuckerberg will somehow be the key to eradicating all diseases when the NIH itself spends $30 billion annually.
When it comes to the Chan-Zuckerberg Initiative, it’s not just about the money, it’s about the method. It’s about accelerating non-traditional means of research that may, in the long-run, lead to more impactful outcomes. The aim is to spread $1.5 million across a five-year period to the selected scientists so that they are more likely to receive an NIH grant later.
As they say: with great risk, comes great return. Hopefully, the bold methods of this initiative will pay off and we will have better methods to combat disease.