The German Federal Ministry of Education and Research (BMBF) has committed €145 million (US$171 million) of immediate funding to the Coalition for Epidemic Preparedness Innovations (CEPI) to support the development of a vaccine against COVID-19.
CEPI is an innovative global partnership between public, private, philanthropic, and civil society organizations working to accelerate the development of vaccines against emerging infectious diseases and was formed in response to the Ebola epidemic in West Africa in 2017. Germany is a founding member of CEPI.
In addition to that BMBF has announced its plans to accelerate research funding around COVID-19 with up to €10 million (US$12 million). Researchers will receive funding to understand the virus better and find treatment options.