Gates' launch $1 million 'next generation condom' fund

Microsoft founder Bill Gates has offered a $1 million reward to anyone who can create the ‘next generation condom’.

The Bill and Melinda Gates Foundation are offering to pay $100,000 in start-up costs to an inventor who modernises the “life-saving tool”, while promising to provide further funding of up to $1 million.

Bill Gates Credit: Kay Nietfeld/DPA/Press Association Images

The search was launched as part of the foundation's Grand Challenges in Global Health research initiative.

It is hoped that a new condom will lead to substantial benefits for global including the prevention of disease as well as improving contraception rates.