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Oct 04, 2010

Crowdfunding science: utopia or reality?

Several initiatives are exploring the potential of crowdfunding for supporting scientific research. In this approach, that I described in a letter to Science donors can choose from a list of public projects. Projects seeking funding are stored in an online repository. Investors (either people or funding agencies) can decide which projects to fund.

The closest example of crowdfunding science is Cancer Research UK's MyProjects scheme (http://myprojects.cancerresearchuk.org/). Launched in October 2008, MyProjects allows Cancer Research UK donors to search projects by type of cancer and location to find a specific research project to donate money.

I am also running a crowdfunding-science project in Italy, called Open Genius. The website is available only in Italian, but you can find the essential info about the project in this presentation.

 

 

I wish to hear your comments about this!

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You pay a small monthly amount (using either Moneybookers or PayPal) and then click buttons on sites to share out the money you paid in among those sites, sort of like an Internet tip jar. The minimum to pay is 2 euros per month. The money payed each month is spread evenly among the buttons you click in a month. In this way, users share not only money, but also content. For the service, Flattr keeps 10% of all the users monthly flatrate.

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