The Bill and Melinda Gates Foundation is throwing $42 million into the toilet -- not literally speaking, of course. The philanthropic organization is investing money into a new initiative that hopes to provide bathroom facilities to impoverished communities, as well as research new bathroom technologies.
Although it may not carry the same social currency as water scarcity or homelessness, the need for a clean, reliable toilet is universal and very serious. More than a billion people are entirely without bathroom facilities, and billions more lack latrines that meet any standard. The Bill and Melinda Gates Foundation hopes to alleviate those numbers and reinvent the toilet while doing so.
Considering that few things have preserved as much life and health as the toilet, it makes sense that the Foundation is handing out $3 million in research grants to in order to produce more effective, efficient toilet solutions.
Poo Poo Philanthropy
Bill and Melinda Gates Foundation Invests in Toilet Technology
Trend Themes
1. Toilet Innovation - Investment in researching new toilet technologies will drive disruptive innovation oppurtunites in bathroom technology.
2. Sanitation Infrastructure - Increased focus on providing bathroom facilities to impoverished communities could spur innovations in sanitation infrastructure.
3. Impact Philanthropy - Poo Poo Philanthropy is an emerging trend in the world of philanthropy, which could encourage more impact-driven investments in important, but often underfunded, areas such as sanitation.
Industry Implications
1. Bathroom Technology - Investment in toilet technology has the potential to disrupt the bathroom technology industry, from residential to commercial.
2. Sanitation Services - Increased investment in sanitation infrastructure could create opportunities for disruption within the sanitation services industry and new market entrants.
3. Philanthropy - Poo Poo Philanthropy is an emerging trend in the philanthropy industry, which could encourage more focused and impact-driven investments in overlooked areas of need.