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The Bill and Melinda Gates Foundation on Wednesday pledged US$287 million in a bid to speed up research on an effective HIV vaccine.
According to the BBC, the funds were being split into 16 grants for research teams across the globe.
"Unfortunately, developing an effective vaccine has proven to be difficult, and despite committed efforts, progress simply has not been fast enough," said Dr Nicholas Hellmann, of the Gates Foundation's AIDS, tuberculosis and reproductive health programme.
The latest contribution comes shortly after Bill and Melinda Gates received a $31 billion donation from billionaire Warren Buffet to boost their philanthropic efforts.
This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions