Stages:

• Early

 

Industries:

Education & Training

Information Technology

 

Description:

The Chan Zuckerberg Initiative was launched by Facebook founder and CEO Mark Zuckerberg and Dr. Priscilla Chan, a pediatrician and founder of the Primary School. The firm's mission is to advance human potential and promote equality. The initiative is endowed with 99% of Zuckerberg's Facebook shares, valued at $45 billion (pledged). Chan Zuckerberg has made early stage investments in technology and education. The Chan Zuckerberg Initiative chose to invest $24 million in Andela for its first major initiative. Andela is a startup focused on training software developers in Africa through their bootcamp and four-year fellowship program. The Chan Zuckerberg Initiative is not a charitable trust or a private foundation but a limited liability company which can be for-profit. The initiative funds the CZ Biohub, an independent, non-profit, medical research organization collaborating with the University of California, Berkeley, Stanford University and the University of California, San Francisco to harness the power of science, technology and human capacity to cure, prevent or manage all diseases. CZI has awarded $2.9 billion in grants and invested $150 million in ventures. the Chan Zuckerberg Initiative (CZI) announced (March of 2023) the launch of a biomedical research hub in Chicago, Illinois that will bring together leading scientific and technology institutions with the goal of solving grand scientific challenges on a 10- to 15-year time horizon.