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The Global Corporate Venturing (GCV) Leadership Society has just announced the formation of a new fund called the MSD Global Health Innovation Fund, the Wall Street Journal reports.
The fund will invest in early-stage health care technology projects around the world, with a particular focus on emerging markets.
The announcement comes on the heels of a similar deal between the GCV and the Bill and Melinda Gates Foundation.
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A customized collection of news from foundations from around the Web.
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Social Entrepreneurship
Spotlight
Girls-Aiding Social Business Accelerators To Help Teen Girls Living In Poverty
In partnership with the Unreasonable Group, the Nike Foundation is set to launch the Girl Effect Accelerator this November to help social entrepreneurs whose business startups focus on helping economically disadvantaged adolescent girls.