NASA's Cube Quest Challenge, the agency’s first in-space competition
nasa.gov
nasa.gov
[1] http://www.nasa.gov/sites/default/files/files/CCP_CQ_OPSRUL_...
ps. These competitions are probably for universities or high-tech laboratories (maybe Google would put a team together...).
So a whole cubesat mission can actually fit well within the limits of a sub 200k grant. But again, like most things, it's the labor costs that can make or break that.
Have the 1U launch costs fallen that dramatically?