By Jessica Montoya Coggins
PUBLISHED:00:59 EST, 24 March 2013| UPDATED:00:59 EST, 24 March 2013
The Gates Foundation is offering one inventor $100,000 to improve one of life's most recognizable products: the condom.
The task has been set forth through the Grand Challenges in Global Health Program and applications go until May for a 'Next Generation Condom that significantly preserves or enhances pleasure, in order to improve uptake and regular use.'
Recently 'Forbes' Magazine declared Gates the second wealthiest person on the planet with an estimated net worth of $67 billion
The Gates Foundation estimates that 15 billion units are sold during a year with 750 million people using condoms worldwide
Since 2008 more than 800 grants have been awarded to fifty countries.
They have been as far-reaching as finding a cure for HIV to using a microwave frequency to combat Malaria.Many philanthropists have praised the Gates Foundation for targeting specific scientific or medical goals that achieve results.
In summarizing the rationale for the 'Next Generation Condom,' the grant-givers note that there has not been much innovation in the field.
'Condoms have been in use for about 400 years yet they have undergone very little technological improvement in the past 50 years.'
The benefits of using a condom are numerous. In addition to preventing pregnancy or STDs, condoms are relatively inexpensive.
However, the Foundation recognizes not everyone is going to see the upside towards protection.
The Bill and Melinda Gates Foundation is one of the most respected philanthropic organizations in the world and strives to cure diseases such as Malaria and HIV
Bill Gates (second from the left) speaks at the annual AIDS Conference on July 23, 2012 in Washington, DC.
Applications are currently being accepted for this eleventh round but not every proposal will be considered for the prize.
For example, the Gates Foundation will not be funding any plans that include 'exclusively non-technological, social, or educational intervention,' or 'concepts that would sacrifice the value of condoms for prevention of either unplanned pregnancy or HIV infection,' among other requirements.
The Gates Foundation is asking anyone to think beyond the box (or the rubber). 'What if we could develop one that was preferred to no condom?'
Other topics that the Grand Challenges in Global Health are looking for include a 'One Health' concept that would combine human and veterinary medicine and 'increasing interoperability of social good data.'
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