"Brook Byers" is a senior partner at Kleiner Perkins Caufield & Byers and the brother of Stanford University Professor Tom Byers and Atlanta, Georgia engineering entrepreneur Ken Byers.

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We're concerned and alarmed by the lack of innovation in this area. There are very few manufacturers of vaccines today, and the plants are not distributed widely.

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This is a call to action.

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The pace of innovation is accelerating, as three billion consumers enter the global marketplace. We are privileged to invest this fund in these exciting times. Entrepreneurs will make major improvements in health care, including in personalized medicine, medical devices and therapeutics.

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This new fund addresses the immediate requirement for the science, pharmaceutical, and government sectors to close significant gaps in global public health preparedness.

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Over a three-year period we'll look to invest the fund in roughly 40 companies across a set of industry sectors that include mobile computing, Web-enabled software, biotech, medical devices, semiconductors, and then an area that we are highlighting this time that we call green tech, which is new energy sources and things like that.

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