The 5-year funding announcement was made on 23 February 2012 by Bill Gates at the 35th session of the International Fund for Agricultural Development (IFAD)’s Governing Council in Rome, Italy.
In Rome on 23 February 2012 Bill Gates announced further support to GALVmed. BMGF has awarded a further US$ 41 million grant to support the alliances work. At the same time the UK Government announced further support through a US$10 million grant. The two grants together will enable GALVmed to implement phase two of its Protecting livestock, improving human life project.
“If you care about the poorest, you care about agriculture,” said Mr Gates, co-chair of the BMGF. “Investments in agriculture are the best weapons against hunger and poverty, and they have made life better for billions of people.”
The UK international development secretary, Andrew Mitchell, added: “GALVmed has pioneered work to identify vaccines, medicine and early diagnostic solutions to tackle some of the most devastating livestock diseases that affect poor farmers in the developing world – but that work is of no use if these solutions just sit on the shelf. This new funding from the British taxpayer and from the Bill and Melinda Gates Foundation will ensure that these
innovative solutions are produced at scale and that they can get to those who need them most, at an affordable price.”
These grants will enable GALVmed to start work on phase two of its Protecting Livestock – Saving Human Life project.
GALVmed’s Interim CEO, Peter Wells commented:
“We are delighted that this funding from the Bill and Melinda Gates Foundation and the UK Government will enable the GALVmed alliance to work with partners to scale-up access to livestock vaccines, medicines and diagnostics for resource-poor people.”
Further work on porcine cysticercosis has been funded exclusively by the UK Government .
The grant awarded to GALVmed was one of several totalling nearly US$ 200 million that was announced in Rome. A press release issued by BMGF explained this included grants such as that made to GALVmed’s which were re-investment in “projects that are already producing great results for farmers” in addition to a number of new grants. This brings the foundation’s investment to benefit smallholder farmers to more than US$2 billion since its agriculture program began in 2006.