$1000 genome grants
"The National Institutes of Health (NIH) is now soliciting proposals for funding to work toward the much-vaunted $1000 genome. Earlier this month (February 12), the NIH published a request for applications (RFA) for grants to develop low-cost genome-sequencing technologies [see my post here]. Sequencing an entire mammalian-sized genome currently costs between $10 million and $50 million, but NIH hopes that this number can be reduced by four orders of magnitude over the next 10 years, with the ultimate goal being a $1000 genome."
"…While the NIH grants are substantial, [Washington University geneticist Elaine] Mardis questions how helpful they will be, considering the enormous expense involved in technology development. “Wouldn’t it be better [for companies] to go out and get venture capital funding?” she said. “Isn’t there already a commercial incentive here, if they have the technology?” Instead, she sees the NIH funding as a catalyst: “The real intent [of these grants] is to drive the work on this type of project.”
Maria Anderson, NIH offers $1000 genome grant. The Scientist. Feb 23 2004.