Prize4Life

Cause Area

  • Health & Medicine
  • People with Disabilities

Location

P.O. Box 425783Cambridge, MA 02142 United States

Organization Information

Mission Statement

Prize4Life is a 501(c)(3) nonprofit organization dedicated to accelerating the discovery of treatments and cures for ALS (amyotrophic lateral sclerosis, also known as Lou Gehrig's disease). Our mission is to accelerate the discovery of a treatment and a cure for ALS by using powerful incentives to attract new people and new ideas and to leverage existing efforts and expertise in the ALS field.

Description

Prize4Life seeks to create breakthroughs in effective treatments for Amyotrophic Lateral Sclerosis (ALS) using the leverage of large inducement prizes. Instead of recognizing historical accomplishments, Prize4Life has a simple formula for transformational change. We design and launch prizes that we believe are achievable in a 2-3 year timeframe and then recruit teams to compete for the prize purse. The first team to find and demonstrate the required breakthrough wins the prize.

ALS is a devastating disease whose underlying mechanisms are not well understood. There is a desperate need to untangle its mysteries and produce treatments and cures for patients.

Competing for one of Prize4Life's prize challenges is a way to help move ALS research forward. Even if your work does not typically focus on ALS, you may find ways to direct your research toward some of the most pressing challenges that the ALS community faces. Breakthroughs in ALS may also have important implications for other neurodegenerative diseases, including Parkinson's, Alzheimer's, and MS.

Working with Prize4Life also affords the opportunity to be part of an exciting new approach to solving research challenges. Prize4Life recognizes that the inducement prize model is still unproven in the biomedical field, but we believe that this could be a powerful tool to target research toward the challenges that, once overcome, could rapidly move the whole field forward.

Winning one of Prize4Life's challenges also earns you and your team $1 million that comes with no strings attached.

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