Feeds

X-prize expands ambitions

Big bucks for breakthroughs

Beginner's guide to SSL certificates

The lure of cold, hard cash will help drive innovation in the 21st century, if a group of American philanthropists has its way. The billionaire-backed X-prize Foundation will offer big money incentives in several fields of science, The Guardian reports.

Burt Rutan's SpaceShipOne last year became the first manned commercial spacecraft, after competing with 25 other teams to capture the $10m Ansari X-prize. Between them, they spent more than ten times that figure on the endeavour, which with the launch of Richard Branson's Virgin Galactic has heralded the dawn of space tourism.

Now, after that success, the Santa Monica, California-based X-prize Foundation plans to dangle its big carrots in front of other scientific milestones. A prize is set to be offered for cheap mass genome sequencing, which it is hoped will bring about medical advances by giving scientists a more complete picture of the differences, or polymorphisms, of DNA which causes diseases.

Also mooted are cash dividends for developing a viable alternative to the internal combustion engine and in pushing the frontiers of nanotechnology, along with a second space jackpot for putting a person in orbit. The group looks for vital or stalled fields where a breakthrough is most needed.

The not-for-profit X-prize Foundation was founded in the mid-90s by aerospace scientist and entrepreneur Dr Peter Diamandis to speed up space development. It now has the lofty aim of "enabling radical breakthroughs for the benefit of humanity".

Rather than as a vehicle for tearing down the tradition of selfless toil in the name of science, the X-prize Foundation views itself in the spirit of adventure. It claims a role as a torch-bearer for the $25,000 Orteig Prize, which was claimed by aviator Charles Lindbergh's 1927 nonstop New York to Paris flight.

According to the foundation's website, in its early days it drew sponsorship from business leaders and other rich types, including author Tom Clancy. Today, the board of trustees is a coterie of high-tech business leaders, with Google co-founder Larry Page, and genome pioneer Dr Craig Venter both involved. Venter was himself the first to offer a cash prize for technology that can bring the '$1,000 genome' to the public.

It emerged after his firm Celera Genomics competed with public collaborations to get the very first complete human genome that Venter, often derided as self-regarding, had indeed sequenced his own DNA. He had planned to offer access to the data on a pay-to-use basis, but abandoned that approach in the face of the free access public databases.

Despite much criticism of his methods and attitudes, many have since felt that Venter's competition and dynamism forced the entire field toward more rapid development – the environment the X-prize foundation hopes to foster with its new rewards.

When asked about Venter's $1,000 genome dream, Venter's public sector rival in the genome race, Dr Francis Collins, told the Wall Street Journal: "If Dr Venter's involvement can spur new technology, then more power to Dr Venter." The expanded program is certainly a radical departure from more traditional prestige-based awards like the Nobel.

Given the level of global public investment in biotechnology – set to rise to £1bn per year by 2008 in the UK by last year's science spending review – some have questioned whether the genome prize will have any effect.

Diamandis denied that the X-prize is all about money however: “A lot of the value is not just the cash, it's the heroism that goes along with winning the competition. It's what drives people to work around the clock and take risk to levels required for breakthroughs,” he told the Guardian. ®

Remote control for virtualized desktops

More from The Register

next story
MEN: For pity's sake SLEEP with LOTS of WOMEN - and avoid Prostate Cancer
And, um, don't sleep with other men. If that's what worries you
Voyager 1 now EIGHTEEN LIGHT HOURS from home
Almost 20 BEEELION kilometres from Sol
Jim Beam me up, Scotty! WHISKY from SPAAACE returns to Earth
They're insured for $1m, before you thirsty folks make plans
ROGUE SAIL BOAT blocks SPACE STATION PODULE blastoff
Er, we think our ISS launch beats your fishing expedition
Comet Siding Spring revealed as flying molehill
Hiding from this space pimple isn't going to do humanity's reputation any good
BAE points electromagnetic projectile at US Army
Railguns for 'Future fighting vehicle'
OK Google, do I have CANCER?
Company talks up pill that would spot developing tumors
LONG ARM of the SAUR: Brachially gifted dino bone conundrum solved
Deinocheirus mirificus was a bit of a knuckle dragger
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.