Microsoft founder invests $50 million to aid in research
Bill Gates has committed a total of $50 million to accelerate research to help tackle Alzheimer’s and other dementias.
Gates made the personal investment to the Dementia Discovery Fund. The fund is “a close collaboration between charity, industry and the government, to provide much-needed investment in innovative dementia research.”
In making the announcement, Gates wrote on his blog “Gates Notes,” he became interested in Alzheimer’s disease because of the costs.
“A person with Alzheimer’s or another form of dementia spends five times more every year out-of-pocket on healthcare than a senior without a neuro-degenerative condition. Unlike those with many chronic diseases, people with Alzheimer’s incur long-term care costs as well as direct medical expenses. If you get the disease in your 60s or 70s, you might require expensive care for decades.