Pursuing its goal of using technology for a better society, the Bill & Melinda Gates Foundation has entered into a partnership with the Chinese Government’s Ministry of Science and Technology. The partnership will initiate projects to support research, development, and manufacturing of innovative products that would have a positive impact on the health of people, as well as agriculture.
A memorandum of understanding was signed by the Foundation and the Chinese Ministry of Science and Technology (MOST), thereby proving their dedication to the cause of producing innovative technology that would boost the progress of developing countries and achieving the Millennium Development Goals. The partnership will help recognize and co-fund projects to encourage the development of new global health products. According to the memorandum, research will be conducted for better agricultural inputs. MOST and the Foundation will also support and develop manufacturing of low-cost health and agricultural products, and develop sustainable information technology for rural areas.
MOST and the Gates Foundation will identify new projects that will be co-funded, with the help of a joint committee. The projects that would clearly demonstrate the benefits of its products for the developing countries will be chosen to be co-funded by the committee.
According to Bill Gates, co-chair of the Gates Foundation, “This partnership demonstrates the critical role that rapidly growing countries like China can play in driving innovation to reduce hunger and poverty. China’s support to bring its power and capacity to bear on global health and agriculture research and production comes at a critical time in our world economic situation.”