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EU and Gates Foundation pledge €500 million for innovations in agriculture

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The European Union together with the Bill and Melinda Gates Foundation on the 12th of December pledged €500 million for research and innovations in agriculture for the next 3 years (2018-2020).

EU will provide 270 million, focusing on agriculture and food systems research for development while the Bill and Melinda Gates Foundation will match this by $300 million pledge which will focus on climate change related innovations through research in agriculture

The EU is the largest donor for development aid, and the Bill and Melinda Gates Foundation is also the largest philanthropist organization in innovation and agriculture. This joint initiative seeks to drive research and technical innovation across agricultural and food systems in developing countries.

The initiative also seeks to support challenges posed by climate change and will build on the outcomes of the Paris Agreement and the COP23.

Source and text from : EURACTIV.com