Philanthropist and Microsoft founder Bill Gates is offering start-up funds of $100,000 to anyone who can come up with the “next-generation condom,” according to Grand Challenges in Global Health.

The Round 11 of Grand Challenges Explorations initiative through the Bill and Melinda Gates Foundation is aimed at improving the lives of the world’s poorest people – and a new, innovative condom could do just that.

The condom must be effective at lowering the chance of transmitting sexually transmitted diseases, and offer incentive for men and women to use it.

If chosen, the Foundation would continue to fund the condom up to $1 million.

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