How to start an advance market commitment - Works in Progress

Advance Market Commitments allow us to buy technology from the future to support its development: vaccines, carbon capture technology, and even spacecraft. Here’s how you can start your own.

In 2007, a group of governments and philanthropists pledged $1.5 billion to accelerate the development of vaccines against Streptococcus pneumoniae infections – pneumococcal vaccines – to prevent one of the most common causes of death in children in poor countries. They did this with an advance market commitment. Advance market commitments, or AMCs, are promises to buy or subsidize something in the future, if someone can invent and produce it. Their purpose is to guarantee enough future demand (in this case nearly two billion dollars) to encourage suppliers (in this case pharmaceutical compani

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