Skip to main content
News

Perspective: Why Should We Crowdfund Research? – Crowdfund Insider

By May 26, 2014No Comments
boulder-crowdfunding-logo

boulder-crowdfunding-logo

Its no secret: the University of Colorado receives hundreds of millions of dollars in federal funds that sponsor our research. My lab alone racks up expenditures of $800,000 a year to pay for post-doc and graduate student salary, tuition, materials and travel. Isn’t it preposterous to now ask the public for some more of their hard-earned cash as we, and many other universities now, do on CU Boulder’s new initiative?

It helps to first think about why the government actually does make these payments in the first place: to educate the next generation of engineers and scientists by working on research problems with important societal benefits. With this money becoming more competitive, the pool of ideas actually being supported becomes smaller with little to no feedback from the general public. Crowdfunding research allows the public to turn this around by enabling scientists to find support for projects currently not (or never) on the radar of conventional funding agencies, yet enjoying sufficient public interest.  This category of research is probably the most obviously deserving of crowdfunding and has already enabled a host of documentaries, research excursions, and books, often by providing exclusively ideological or intellectual reward.

{iframe}http://www.crowdfundinsider.com/2014/05/40259-perspective-crowdfund-research/{/iframe}

Leave a Reply

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

BioHealth Innovation will use the information you provide on this form to be in touch with you and to provide updates and marketing.