Alwaleed Philanthropies Invests $5 Million With Gavi's INFUSE Initiative to Support the Global Fight for Vaccines
- Partnership will tackle immunisation challenges in urban areas through investment in innovation and technology
- Launched at the 7th Tokyo International Conference on African Development (TICAD7)
RIYADH, Saudi Arabia, Sept. 1, 2019 /PRNewswire/ -- Alwaleed Philanthropies, chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, the global philanthropic foundation, has made a fresh commitment to preventing the spread of disease by investing a further US $5 million in its partnership with Gavi, the Vaccine Alliance.
The commitment will provide extra funding between 2020 and 2024 to support organisations known by Gavi as 'pacesetters' that are developing new innovations to improve vaccine access and delivery, particularly in urban areas. The foundation will make the investment through Gavi's INFUSE initiative (Innovation for Uptake, Scale and Equity in Immunisation), which identifies these 'pacesetters', provides funding and support for them, and connects them to authorities in countries that need vaccination support.
The grant is part of a range of efforts by Alwaleed Philanthropies to improve routine immunisation and contributes to Gavi's mission to ensure that every child is immunised with basic life-saving vaccines no matter where they live and builds on the original US $1 million investment made in 2015 to support vaccines in Timor Leste, Kiribati, Armenia, Azerbaijan, Moldova, Guyana for the 2016-2020 programme.
HRH Princess Lamia Bint Majid Al Saud, General Secretary of Alwaleed Philanthropies, announced the partnership at the 7th Tokyo International Conference on African Development (TICAD7), hosted by the Japanese government in Yokohama on 30th August.
She said: "Alwaleed Philanthropies places huge importance on its partnership with the Gavi, the Vaccine Alliance – and specifically their INFUSE Initiative – to boost immunisation in the world's poorest countries. With the majority of the world's population increasingly living in urban areas, and with more than 19.4 million children still unimmunised, we recognise that there has rarely been a more pressing need to support innovation in immunisation."
Every year INFUSE supports research, entrepreneurship and innovation in areas that help governments, healthcare organisations and other partners reach more children with life-saving vaccines. This year the investment from Alwaleed Philanthropies will support innovations uniquely positioned to address immunisation challenges in urban settings.