BGC3 by Bill Gates

Monday, October 27, 2008

If you are a Bill Gates, you can't sit at home after an early retirement. You will do something; Bill Gates is doing a lot more. After stepping down from his position at Microsoft and handing over the helm to Steve Ballmer, Gates is reportedly setting up a new company. The new company, called bgc3 (the website is still under construction, check out, is reported to deal with broad range of topics such as 'scientific and technological services', 'industrial analysis and research' and 'design and development of computer hardware and software'.
Well, Gates venture into scientific area could be critical. He is known for closed source and proprietary technologies. Will he take the same approach in scientific matters? If yes, it could spell disaster. The Human Genome project has become so successful owing to its open source nature. However, it's way too early to predict anything.

The new company is expected to be a think tank for science and tech innovations. TechFlash reported the 'c' in the name stands for 'catalyst', not 'company'. The company will also work as a catalyst between Microsoft and The Bill And Melinda Gates Foundation. Recently, the foundation's The Grand Challenges Explorations initiative announced the winners of their Round 1 funding. This diverse group of scientists and researchers from 22 countries and five continents will each receive a $100,000 award to help them take their bold, new ideas for global health solutions to the next level.

According to Techflash, "The records describe bgC3 as a 'holding company' headquartered in Kirkland – a relatively short, picturesque drive from Gates' home on Lake Washington."

There was an interesting interpretation of bgC3 by the news site. "Bill Gates Company Three – his third enterprise after Microsoft and the Bill & Melinda Gates Foundation. But that’s only partially correct, according to the Gates insider.

Well, Gates' retirement days are over. He is back to work!

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