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Prize4Life
Prize4Life is a results-oriented nonprofit founded to accelerate ALS/MND research by offering substantial prizes to scientists who solve the most critical scientific problems preventing the discovery of an effective ALS/MND treatment.
Philanthropy
"His latest idea is to offer $10 million [in] prize[s], ‘Prize4Life,’ to create buzz and attract researchers to solve the puzzles of ALS, much as the X Prize stimulated private teams to build a spacecraft . . . It is all about harnessing market forces to his goal, Mr. Kremer says.”
– The Wall Street Journal
The HBS Healthcare Club raised over 200k during the 2008 fundraiser.
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Prize4Life is a results-oriented nonprofit founded to accelerate ALS/MND research by offering substantial prizes to scientists who solve the most critical scientific problems preventing the discovery of an effective ALS/MND treatment. The Prize4Life concept is inspired by other prize awards for stimulating research, such as the X-Prize for commercial space travel and DNA-decoding, the U.S. government's H-Prize for hydrogen renewable energy, and Eli Lilly's venture, InnoCentive, which outsources difficult R&D problems to a distributed network of scientists using prizes. Prize4Life aims to supplement and complement existing resources by attracting new minds, money, and media to the fight against ALS.
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Why launch prizes for ALS/MND research?
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Prizes will act as a beacon for all of ALS/MND research - attracting attention to some of the ALS problems most critical to discovering an effective treatment.
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Prizes will help build a bridge between academia and industry, allowing the right academic ideas to be taken outside of the laboratory and commercialized for ALS/MND patients.
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Prizes will help remove the largest impediments to industry's involvement in ALS/MND.
What makes Prize4Life distinctive?
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Prize4Life only pays for results - the results that ALS/MND patients desperately need.
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Prize4Life brings together existing ALS non-profits, academia, and industry - all working toward an ALS/MND treatment.
What will we offer prizes for?
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Currently, Prize4Life is offering a $1 million prize for a biomarker/diagnostic tool: a test or exam that will allow us to measure how good a potential ALS/MND treatment is much more precisely than just measuring patient survival. The deadline for submissions to this prize challenge is November 6, 2008. Learn more about the Biomarker Prize.
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Prize4Life is also offering a $1 million prize for the discovery of a treatment candidate that reliably and significantly extends the lifespan in mouse models of ALS. Learn more about the ALS Treatment Prize.
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