Chan Zuckerberg Initiative, a company founded by Mark Zuckerberg and Priscilla, announced on Wednesday that it launched a new program to invest $3 billion to assist cure, prevent, or manage all disease.
Chan Zuckerberg Initiative (CZI) was established in December 2015 along with the birth of the couple’s daughter, Maxima Chan Zuckerberg, aiming to “advance human potential and promote equality in areas such as health, education, scientific research and energy”. Mark Zuckerberg will donate 99% of his shares in Facebook to the organization in his whole lifetime.
The new program aimed at working to cure all disease within children’s lifetime, according to Dr. Priscilla Chan, Facebook CEO Zuckerberg’s wife, said in an event in San Francisco on Wednesday. The program includes three parts: bringing the scientists and engineers together, building technology and tools and developing the movement to fund science, according to Mark Zuckerberg.
The CZI announced that its first investment of $600 million over ten years in Biohub, which will be led by UCSF’s Joe Delisi and Stanford Stephen Quake and locate in San Francisco’s Mission Bay District, to bring together scientists and engineers from UCSF, Stanford and UC Berkeley to search for new ways to cure disease.
“We want to dramatically improve every life in Max’s generation and make sure we don’t miss a single soul,” Dr. Chan said. “We’ll be investing in basic science research with the goal of curing disease.”