A while back (2013?), the Bill & Melinda Gates Foundation offered financing for a "next generation" condom.

I can't find the link on the Gates Foundation site now (dead links on Google) but this is some press around it and mentions the 11 finalists:

http://theweek.com/articles/455793/meet-11-condoms-future-se...

So I guess better condoms are in the works already?