A wealthy Canadian geologist named Stewart Blusson, who found a pile of diamonds in 1991 south of the Arctic Circle, is donating $10 million for an X Prize that will be awarded to the scientists who can find a way to decode 100 human genomes in 10 days.
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The National Human Genome Research Institute has had a call out for a machine that could decode one human genome for $1,000. Francis Collins didn't get that for Christmas in 2004 like he hoped, but the $10 million prize should speed up the spectrum of genome decoding efforts.
Scientists decoded a draft composite human genome in 2000, but since all humans share DNA that's about 99.9 percent identical, comparing individual genome will likely be a big step towards meaningful medical discoveries.