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Given that pharma is a massive industry and that drug discovery often costs around 1 billion dollars, the top prize of $22,000 seems awfully low. Will we start
by doobwa 14y ago
Given that pharma is a massive industry and that drug discovery often costs around 1 billion dollars, the top prize of $22,000 seems awfully low. Will we start to see larger prizes, or will startups take this technology and monetize better than academia currently does?
- jklio 14y agoWith Geoffrey Hinton involved as a supervisor I expect they were on the bleeding edge for other reasons anyway and just decided to scoop up some extra cash as well. I've not looked closely but Kaggle does seem to be a little like 99designs though.
- FrojoS 14y agoThe Heritage Health Prize is $ 3 million! No exactly 99designs regime. [1] https://www.heritagehealthprize.com/c/hhp https://www.heritagehealthprize.com/c/hhp
- dbecker 14y agoThe heritage prize is $3 million dollars if a certain threshold score is met. I'm on the team currently in 1st place, and I don't think there is any chance that any team will meet this threshold. So, the final prize will be $500,000. Still, not 99designs.
- FrojoS 14y agoInteresting. Thanks for the clarification!
- joelthelion 14y agoThere is no shortage of people interested in machine learning.