The tech billionaires of Silicon Valley have set their sights on a new project: grant funding for quick and innovative solutions to global problems. Mark Zuckerberg, Jeff Bezos, and other tech leaders have recently announced a venture to provide immediate grants to creative thinkers with the goal of solving the world’s most pressing issues. The initiative is seeking to fund projects such as finding solutions to climate change, improving access to healthcare, and developing new ways to combat poverty. The grants, which will be awarded in amounts ranging from $1 million to $10 million, are meant to provide an immediate source of capital to entrepreneurs and small-scale innovators who are otherwise unable to access more traditional sources of funding. With this new initiative, these tech billionaires are hoping to create a more equitable platform for tackling the world’s most pressing issues.

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source: Phys.org