Insight into long life is one of the new prize’s goals.
In 2006, the Genomics X Prize competition was announced: $10 million for sequencing 100 human genomes in 10 days for $10,000 apiece, to be kicked off in 2013. The idea was to spur innovation in technology by asking the (currently) impossible, the hallmark of the X Prize Foundation.
But while sequencing has gotten cheap, it hasn’t gotten all that much faster in the last five years, and none of the eight teams who signed up have ever gotten to the point where such a short time span could be feasible. So, Archon and Medco, the two companies funding the competition, have revamped the requirements. This week they’ve announced the new, improved Genomics X prize: $10 million for sequencing 100 human genomes in 30 days—but for $1,000 apiece. (Currently, getting your genome sequenced commercially runs about $5000 at the cheapest.) The new version of the competition, which will kick off on January 3, 2013, also has clearer standards for judging: the genomes have to be 98 percent complete and have no more than one error per million nucleotides.
$10 million is a lot but 100 genomes in 30 days will be tricky, particularly with those error rates.
But wow if they can do it.