Archon Genomics XPRIZE
In 2006 XPRIZE announced the Archon Genomics XPRIZE, offering $10 million to the first team that could rapidly and accurately sequence 100 whole human genomes to a standard never before achieved at a cost of $10,000 or less per genome. After careful consideration, we decided that 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. What we realized is that genome sequencing technology is plummeting in cost and increasing in speed independent of our competition, moving moving quickly towards the goals we set for the prize. For this reason, we decided to cancel an XPRIZE for the first time ever. Visit the competition website to learn more.