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Start-up gets Gates backing

Australian start-up backed by Bill Gates

An investment fund backed by Microsoft founder Bill Gates has taken a multimillion dollar stake in an Australian biotech start-up. Atomo Diagnostics has invented quick, cheap and accurate tests for HIV, malaria and Ebola. Global Health Investment Fund purchased an 8.4% stake in the medical company for about A$3.3m (£1.9m, $2.5m).