Who ever said there’s no fortune and glory in science? I just got wind of several multi-million dollar prizes for scientists who tackle some tough questions: called X-Prizes.
What is an X PRIZE?
An X PRIZE is a multi-million dollar award given to the first team to achieve a specific goal, set by the X PRIZE Foundation, which has the potential to benefit humanity. Rather than awarding money to honor past achievements or directly funding research, an X PRIZE incites innovation by tapping into our competitive and entrepreneurial spirits.
The X PRIZE Foundation began a revolution in private spaceflight with the $10 million Ansari X PRIZE. On October 4, 2004, the Mojave Aerospace Ventures team, led by famed aircraft designer Burt Rutan and financed by Microsoft co-founder Paul Allen, captured the Ansari X PRIZE. The world took notice of this great achievement and the winning SpaceShipOne is now hanging in the Smithsonian National Air & Space Museum.
This same foundation awards a multi-million dollar prize in genomics towards the development of “personalized medicine.” This includes using genetic data to predict disease susceptibility.
Hat tip Cameron.