There is an urgent funding shortfall for the scientific research that will bring an end to the current crisis. According to the Global Preparedness Monitoring Board, we need to secure an additional $8 billion in the next few weeks. Otherwise, crucial opportunities to accelerate the solution to this crisis will be missed.
COVID-Zero is calling upon businesses to raise $1 billion of this funding shortfall and get all our lives, businesses and economies back on track.
Globally, most funding is rightly going into coping with the pandemic today – tackling the immediate public health crisis and propping up struggling economies. Global businesses are already doing excellent work in supporting their communities and employees.
However, until we have working tests, treatments and vaccines, there will be future waves of this pandemic with repeated cycles of lockdowns and social distancing.
Science is our only true long-term exit strategy from the pandemic.
As a business leader, you can further demonstrate your commitment by donating a proportion of the money you are dedicating to coping with the crisis, to helping solve it.
Funding this urgently needed science will be one of the best investments your business ever makes.
This money will save lives, secure jobs and get the world moving again sooner than any other investment you can make right now.
Your business can support by doing any or all of these three things:
The biggest funding gap is for researching, developing and scaling up potential vaccines, treatments and tests through CEPI and the COVID-19 Therapeutics Accelerator. Additional funding is also needed for bodies like the World Health Organization (WHO) who can help ensure these innovations reach the people who need them the most.
By donating to research and development, your business or corporate foundation will be in good company.
Some international businesses have already stepped up to fill the $8 billion shortfall.
Mastercard is a founding partner of the COVID-19 Therapeutics Accelerator. CEPI has received donations from the investment firm Citadel and gaming company Ndemic Creations. And the WHO Solidarity Response Fund has received donations from numerous private sector organisations including HSBC, Nike and Johnson & Johnson.
The most recent donors joining COVID-Zero are: Avast, Advent International, General Catalyst, Nigel Blackwell, The Duff & Phelps Charitable Foundation, Goldman Sachs Gives, Derwent London, A Collected Man, Danske Bank Foundation and TPG-Global.
This is how the funding will be spent:
We know times are hard for everyone, but by pulling together to support the science, we can get the world back in business.
To play your part in the COVID-Zero coalition, or to find out more about what it involves, please contact us at email@example.com.