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X PRIZE launches another prize – mapping genes

The foundation that gave a huge prize for launching a private spaceship yesterday announced a multi-million dollar prize for fast-track technology to map human genomes. The X PRIZE Foundation said it would be offering a $10 million prize to researchers who devise the technology “that can successfully map 100 human genomes in 10 days.” In its press release the foundation said it was trying to stimulate faster advances in genomics for preventative medicine and procedures. “Only after we have access to affordable and fast genome sequencing will we be able to take advantage of the countless benefits.” Here's to the newest X PRIZE — using private funds to finance private research and innovation.