This has been talked about on several occasions in this forum and shot down every time. I personally think that it is a great idea although it would not be easy to get started. I (and others) have talked about developing an X Prize to find a cure for hairloss. Last time that this was discussed, people shot it down stating that ICX was too far along already and that no other researcher could catch them. (This was at least a couple years ago). Now, here we are (a couple years later), wondering if ICX is even going to continue to pursue HM. Furthermore, the other forum members stated that the financial prize for developing a “cure” for hairloss would be so great that the X prize would not be a motivator for researchers. Here is a link to a current article in the news about developing an X prize for a fuel efficient car. (I would think that the person who develops a fuel efficient vehicle would reap great financial rewards also, but the X prize foundation feel that 10 million is enough of a motivator to researchers to develop it).
The nice thing about this concept is that researchers could be forced to provide information to the foundation. They cannot perform their research and leave us “hanging on” for years waiting for the results. Researchers participating in the X Prize race would have to show measurable results (and pictures) to the foundation. Performance guidelines could be set up that would determine the winner. I’m not sure what these would be…they could be determined by a panel.
This is just a thought, but I still think that it a good idea. At least we could have some control over the process of developing a “cure” for hairloss. I’m not sure how to get something like this started…ANY IDEAS WOULD BE APPRECIATED.