The Breakthrough Energy Ventures Fund includes John Doerr, chairman of venture firm Kleiner Perkins Caufield & Byers, Alibaba founder Jack Ma, Khosla Ventures founder Vinod Khosla, Laura and John Arnold Foundation co-chair and former energy hedge fund manager John Arnold, Amazon founder and CEO Jeff Bezos, and SAP co-founder Hasso Plattner.
The new fund is part of the Breakthrough Energy Coalition (BEC), which Gates launched in December 2015 in an effort to bring together a global group of investors who were committed to developing the nest-generation of energy technologies. The BEC was launched alongside Mission Innovation, a multi-billion clean energy research and development initiative on the opening day of the U.N. climate change summit in Paris. The countries participating in the initiative committed to doubling their clean energy technology research and development budgets by 2020 and private investors will boost their own investments in the sector.
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