German Minister of Education and Research announces US$815 million in funding for COVID-19 vaccine research and production
On May 11, 2020, Anja Karliczek, German Minister of Education and Research, announced a new program for the development and manufacture of vaccines against COVID-19 amounting to €750 million (US$815 million). The Federal Ministry of Education and Research (BMBF) will contribute €500 million (US$544 million) of the funding for the expansion of research capacities for vaccine development in Germany.
The program will provide funding to complex, costly vaccine studies with large numbers of participants, according to Karliczek. €250 million (US$272 million) will go towards expanding production capacities for a future COVID-19 vaccine. Companies can directly apply to the funding guidelines, which will now be developed by the BMBF.