Mountain View, CA (January 18, 2008)- Google.org, the philanthropic arm of Internet search giant Google, has announced five core initiatives that will be the focus of its philanthropic efforts over the next five to ten years. The organization also announced $25 million in new grants and investments to partners working in each area.
Three of the five initiatives had not been previously announced.
* The Predict and Prevent initiative will work to identify emerging threats, from infectious diseases to environmental disasters, before they become local, regional, or global crises.
* The Inform and Empower to Improve Public Services initiative will work to improve the delivery of basic services to the poor in India and East Africa.
* The Fuel the Growth of Small and Medium-Sized Enterprises initiative will support efforts to lower investment transaction costs associated with small- and medium-sized enterprises (SMEs) in developing countries, create opportunities for SMEs to access larger financial markets, and make investments in the SME sector.
Google.org had previously announced two climate change-related initiatives:
* Develop Renewable Energy Cheaper Than Coal (RE