Thursday, March 14, 2013

Online Healthcare Innovation Forum: Let’s Have a $1 Billion Prize for a BHA (Big, Hairy, Audacious) Innovation
Real contests have to be about BHA – Big Hairy, Audacious Goals. ..Let’s have a real contest with serious prize money…Sergy Brin (of Google)is worth $23 billion and Mark Zuckerberg (of Facebook) $13 billion.  If they really want to have an impact on society, offer a billion-dollar Brin-Zuck prize to prevent or top Alzheimers or to regenerate spinal cords or organs, or to cure obesity. The Big Hairy Audacious stuff still deserves and needs a breakthrough
Andy Kessler, former hedge manager, in “Want to Change the World? How About a Billion-Dollar Prize,” Wall Street Journal, March 13, 2013
Why not have the Steve Jobs’ estate, Bill Gates of Microsoft, Sergy Brin of Google, and Mark Zuckerberg of Facebook put up a $1 billion prize for a healthcare breakthrough?    It could go  to an individual, a term of individuals,  an organization,  even an IPO that raises $1 billion. Entrepreneurs would come out of the woodwork to win the $1 billion jackpot. 
The prize would not require taxpayer money or government involvement.  It would be serious money.  As the late Everett McKinley Dirksen (1896-1966), the Senator from Illinois, remarked, “ A billion here. A billion there.  Pretty soon we’re talking about real money.’
Who would win the $1 billion? My guess it would be the developer of an online health care innovation. This is a safe bet. Med apps, fueled by thousands of would-be entrepreneurial billionaires, have come out of nowhere to become a $25 billion growth industry, just as health care is a $2.8 trillion growth industry.
If past is prologue, an online innovation for health care will be the prize winner.  The innovation  will  reveal or unveil the cause or cure of a major disease – diabetes, cardiovascular disease, cancer, or degenerative neurological disease (Alzheimer’s, Parkinson’s disease, amyotrophic lateral sclerosis). It will have a genomic basis.  It will be backed by massive data analysis and computer-generated artificial intelligence.  In short, it will be about finding a needle in the genomic haystack.

Tweet:  Why not offer a $1 billion prize to entrepreneurs who come up with a cause or cure of a major disease category?



Anonymous said...

I think the admin of this website is in fact working hard for his web site, since here every data is quality based stuff.

Feel free to visit my web blog how to File bankruptcy in florida

Unknown said...

high replica bags a73 y8b03j7b06 high quality designer replica m00 n1m64a7k76 high end replica bags m58 p5a32k8w31