§283q Eureka Prize Competitions

Summary

The Director of the National Institutes of Health must use the prize rules in section 3719 of title 15 to run prize competitions for one or both of these goals: find and fund areas of biomedical research that could make big advances because of a prize, and improve health outcomes — especially for diseases where research investment is small compared to Federal spending on prevention or treatment (so Federal costs could be cut), for serious diseases that burden the United States, or for conditions that could give a large return on investment to the United States. The Director must collect information on how the prize-funded innovations advance science, improve health outcomes, and affect Federal spending. That information must be put into the triennial (every three years) report under section 283.