The Gotham Prize

New prize for cancer research. Researchers submit their ideas and fill out an application. The judges award $1 million to the winner for personal use. All member ideas become public. They are calling this The Gotham Prize and are planning to give it once a year, starting in February 2008.

The idea of monetary prizes in research has been gaining ground among economists in recent years. Here is an application. Let’s hope it bears some productive fruit.