Tuesday, February 19, 2013

Breakthrough Prize announced by Silicon Valley entrepreneurs

Mark Zuckerberg of Facebook, Sergey Brin of Google and venture capitalist Yuri Milner set up foundation to reward excellence in life sciences with 11 individual prizes of $3m

A Russian internet investor who quit a PhD in physics and invested in social networking, Milner persuaded his fellow internet billionaires to contribute to the bounty to encourage a new generation of molecular biologists and geneticists. "Young people will hopefully get the message that not only the careers in sports or entertainment can get a public recognition."

To honour the 11 scientists named on Wednesday, who will collectively receive $33m, he reached out to Zuckerberg, whom he has known since buying a $200m stake in Facebook in 2009. He also enlisted Brin, a Russian American entrepreneur, despite Google's occasionally testy relations with Facebook. Brin's wife, Anne Wojcicki, was named as a fourth sponsor.