X Prize Foundation cancels genomics competition
Zee Media Bureau\Philaso G Kaping
New Delhi: The X Prize Foundation has cancelled the $10-million Archon Genomics X Prize just two weeks before its official start.
X Prize Chief Executive Peter Diamandis said the competition was not “incentivizing the technological changes that our prize chair, Dr. Craig Venter, our sponsors Stewart and Marilyn Blusson, and the XPRIZE board had intended”.
The prize was established in 2006 to award the first team that could develop a technique to rapidly sequence 100 human genomes in 10 days at a cost of under $10,000 per genome. Later, it was changed to accurately sequencing 100 centenarians within 30 days for $1,000 or less per person
“Genome sequencing technology is plummeting in cost and increasing in speed independent of our competition,” He added. “Today, companies can do this for less than $5,000 per genome, in a few days or less — and are moving quickly towards the goals we set for the prize. For this reason, we have decided to cancel an X Prize for the first time ever."
The prize money will be returned to the sponsors.
More from India
More from World
More from Sports
More from Entertaiment
- What Muslims think about Ram Mandir issue?
- Shiv Sena MP Ravindra Gaikwad barred from flying after his assault on AI staffer
- Martyrs' Day: Nation remembers Bhagat Singh, Sukhdev and Rajguru for their sacrifice
- London terrorist attack leaves five dead, including police officer
- Do not put unnecessary pressure on police: PM Modi tells UP BJP MPs
- Hukumdev Narain Yadav to be new Vice-President of India?
- 400 Trinamool Congress members including many TMC stalwarts join BJP in Tripura
- Unable to meet educational expenses, Muslim girl writes to PM Narendra Modi – Know what happened next
- Bhagat Singh, Sukhdev, Rajguru were hanged on 23 March 1931 – This is how PM Modi paid tribute today
- Mulayam Singh Yadav's son Prateek, his daughter-in-law Aparna meet UP CM Yogi Adityanath - Know why