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Entrepreneurs are ‘focussed’ on securing a COVID-19 vaccine



The ability “to make money and do good” is driving many entrepreneurs and venture capitalists to invest in projects designed to find a COVID-19 vaccine, according to OurCrowd CEO Jonathan Medved.

There are almost 100 different projects worldwide aimed at finding a vaccine for the novel coronavirus, COVID-19.

While some research groups have begun clinical trials, health experts warn a vaccine may not be developed for at least one year.

OurCrowd has invested $12 million towards a newly formed medical firm, MigVax Corp, which Mr Medved believes has a “good shot” at finding a vaccine for the disease.

He told Sky News “the race for the vaccine is the most important investment I have ever made.”

“There is not going to be a single winner,” he said.

“There are going to be many vaccines and many companies right now, there are almost 100 different projects worldwide and that’s a good thing.”

“It’s one of these situations that even if we don’t win, we win because as long as there is a vaccine brought to the world, we all win.

This ability to present investors a double bottom line, the ability to both make money and do good is really important.”

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