Problem: The cost to sequence the human genome continues to decline; because of this and given the fact that more genomes will be sequenced in the future, it is extremely important that when these genomes are sequenced they are stored securely and safely since it is very sensitive data.
Solution: Secure health records database to store things like human genomes. Costs of sequencing the genome have decreased from over $10,000 to less than $1,000. See below for more details on this.
Based on the data collected from NHGRI-funded genome-sequencing groups, the cost to generate a high-quality 'draft' whole human genome sequence in mid-2015 was just above $4,000; by late in 2015, that figure had fallen below $1,500. The cost to generate a whole-exome sequence was generally below $1,000.
Thus, there is an opportunity here in created a secure health records database that is designed to store things like humans’ genomes along with other sensitive data. Perhaps the business could also anonymize/deidentify these records and use them for the purpose of research and/or testing existing research hypotheses.
Monetization: This is a cybersecurity business: models include fee per customer, subscriptions, and more.
Contributed by: Billion Dollar Startup Ideas