Gates Foundation to fund 78 more health projects

C|Net | at | by Mike

In its fourth round of funding, the Bill & Melinda Gates Foundation's Grand Challenges Explorations grants have been awarded to 78 science projects, with each collecting $100,000.

Through its grants, the five-year, $100 million initiative aims to foster "creative projects that show great promise to improve the health of people in the developing world," and as part of the Grand Challenges in Global Health initiative is supported by the Gates Foundation.

This latest round of grants brings the total number of Exploration projects receiving funding to 340. Although the group originally anticipated funding roughly 60 projects per round, it is averaging closer to 80.