Bill Gates Commits $100 Million To Fight Alzheimer's

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It is calling to be that everyone will need to take some major steps in context and Bill Gates is the one who comes forward and is now a mission to "Cure Alzheimer".

Billionaire Microsoft co-founder Bill Gates is to invest $50 million in the Dementia Discovery Fund, a venture capital fund that brings together industry and government to seek treatments for the brain-wasting disease. Additionally, he said he will donate another $50 million to smaller startups researching the disease, although he hasn't named specific companies yet, Reuters reports.

Till now Bill Gates foundation is known to work in the diseases such as malaria, HIV, and polio.

Even though there has been decades of scientific research on Alzheimer's, there's no treatment to slow the progression of the disease. He told the Financial Times that the $50 million donation would be matched by at least the same amount in other private investments and a similar amount in future grants. That's, in part, because it's personal.

"Some of the men in my family have suffered from Alzheimer's, but I wouldn't say that's the sole reason" (for this investment)", he added.

"It's a awful disease that devastates both those who have it and their loved ones", Gates wrote in his blog post.

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"I know how terrible it is to watch people you love struggle as the disease robs them of their mental capacity". It feels a lot like you're experiencing a gradual death of the person that you knew.

There are 47 million people living with some form of dementia globally; about 60% to 80% of those cases are Alzheimer's disease. This time Bill Gates is seen to be more concerned about the rapid growth of Alzheimer.

This includes better understanding about how Alzheimer's unfolds, need to detect and diagnose Alzheimer's earlier, more approaches to stopping the disease, need to make it easier to get people enrolled in clinical trials and need to use data better.

Gates explained that he specifically chose the Dementia Discovery Fund, as the group explores "less mainstream approaches to treating dementia". "I believe we can do the same (or better) with Alzheimer's", Gates said.

The announcement is timely, coinciding with National Alzheimer's Disease Awareness Month in November.

The economic burden is estimated at $259 billion annually, according to the Alzheimer's Association, and more than 15 million Americans provide unpaid care for people with Alzheimer's and other forms of dementia.