Bill Gates will give you $100,000 for a super condom

Bill Gates, founder of the software company Microsoft, poses for the media prior to a press conference after a meeting with German Development Aid Minster Dirk Niebel, unseen, in Berlin, Germany, Tuesday, Jan. 29, 2013. Slogan in the background reads 'Commitment'. (AP Photo/Michael Sohn)

Bill Gates is running a reverse Shark Tank to try to get someone to develop a new type of condom that the people of the world will adopt as the new cool way to prevent unwanted pregnancies and the spread of sexually transmitted diseases.

Anyone who's able to create such a product will get a cool $100,000.

NBC News has more.

“We are looking for a Next Generation Condom that significantly preserves or enhances pleasure, in order to improve uptake and regular use. Additional concepts that might increase uptake include attributes that increase ease-of-use for male and female condoms, for example better packaging or designs that are easier to properly apply,” the Foundation says in an invitation on its Grand Challenges website.

“In addition, attributes that address and overcome cultural barriers are also desired.  Proposals must (i) have a testable hypothesis, (ii) include an associated plan for how the idea would be tested or validated, and (iii) yield interpretable and unambiguous data in Phase I, in order to be considered for Phase II funding.”

That second phase of funding could call for a $1,000,000 investment. They're looking for new materials, shapes, sizes, or science-based changes to help improve the condom's marketability. [NBC News]

Step 1: Find a party store that's going out of business.

Step 2: Buy out all of their balloons.

Step 3: Buy an industrial-size container of vasoline.

Step 4:

I'd like my check to be of the large, cardboard variety, please.

Seriously, though, condom avilability is an important issue and the Gates Foundation is hoping to make the world a better place with this initiative. To learn more about it, check out