Intel (nasdaq: INTC) is launching an additional $50m pandemic response technology initiative to combat the coronavirus through accelerating access to technology at the point of patient care, speeding scientific research and ensuring access to online learning for students.
Included in the effort is an additional innovation fund for requests where access to Intel expertise and resources can have immediate impact.
This is in addition to prior announcements of $10m in donations that are supporting local communities during this critical time.
Approximately $40m will fund the Intel COVID-19 Response and Readiness and Online Learning initiatives. The Intel COVID-19 Response and Readiness Initiative will provide funding to accelerate customer and partner advances in diagnosis, treatment and vaccine development, leveraging technologies such as artificial intelligence (AI), high-performance computing and edge-to-cloud service delivery. Through the initiative, Intel will help healthcare and life sciences manufacturers increase the availability of technology and solutions used by hospitals to diagnose and treat COVID-19. It will also support the creation of industry alliances that accelerate worldwide capacity, capability and policy to respond to this and future pandemics, building on Intel’s own experience in driving technology innovation in the health and life sciences arena.
The Intel Online Learning Initiative will support education-focused nonprofit organizations and business partners to provide students without access to technology with devices and online learning resources. In close partnership with public school districts, the initiative will enable PC donations, online virtual resources, study-at-home guides and device connectivity assistance. It will begin immediately in regions with the greatest needs across the United States and expand globally.
The company has also allocated up to $10 million for an innovation fund that supports requests from external partners and employee-led relief projects, addressing critical needs in their communities.