Thursday, May 24, 2007

$1 Million Gotham Prize Launched by Leading Scientists

Via James Love,

$1 Million Gotham Prize Launched by Leading Scientists, Hedge Fund Managers to Encourage Innovation in Cancer Research

"A group of leading scientists and hedge fund managers today announced the creation of the "Gotham Prize for Cancer Research" (Gotham Prize), an annual award designed to encourage new and innovative approaches to cancer research by fostering collaboration among top thinkers in the field. The Prize was announced at the annual Ira Sohn Investment Research Conference, a charity event that brings together a group of nationally recognized investors who share their investment insights to raise money for cancer research. The winner of the $1 million Gotham Prize, as well as an additional prize - the $250,000 Ira Sohn Conference Foundation Prize in Pediatric Oncology - will be selected by a distinguished panel of leading scientists from institutions including Harvard, Johns Hopkins and New York University. Details on the Prize can be found at

In spite of the billions of dollars that have been invested in cancer research, many promising research ideas do not receive support - either because they go against the mainstream, because of a lack of funding to test ideas, or because preliminary research isn't shared for competitive reasons. The Gotham Prize will address these gaps by bringing together the top minds in the field to encourage accelerated progress in the prevention, etiology, diagnosis and treatment of cancer. The winner of the Prize will receive $1 million for personal use, while the Gotham Prize website will serve as an ongoing forum for cancer researchers to test and exchange ideas. The website will also provide a mechanism to connect scientists with other potential sources of funding from foundations and individuals."

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