Crowdfunding and the Office of Sponsored Research

Wednesday, July 20, 2016 - 2:00pm to 3:00pm

As Scientists prepare their traditional funding proposals there is the growing alternative opportunity of “Crowdfunding” which they need to consider. Sites such as, Consano, RocketHub, Fundly, Microryza, Indiegogo, Thinkable, SciFund Challenge and Walacea are closing the gap for small, time-constricted projects.  The European Crowdfunding Network has established its own special “Science Work Group” and the workshop will outline the key platforms and their different foci. 

Public benefit is a strict component of awards in the EU and crowd funding is a predictable expression of that tradition. As Research has become increasingly complex, an intellectual divide has arisen between citizens and the projects their tax dollars fund.  Projects such as Horizon 2020 and DCent are working hard to bring projects back to the everyday experiences of citizens.  Crowdfunding becomes an important vehicle as Didier Schmitt explains to “reconnect science to society.”

Research Managers and Administrators have an important role to play in supporting academic colleagues in attracting such funding in a rapidly growing and developing marketplace. However this is a potentially complex field and many institutions will not have considered the practical and policy implications of attracting such funding.

Learning Objectives:

  • Participants will learn about the development and the differences between the various research oriented crowdfunding outlets.

  • Participants will be provided with suggestions, information and a policy template for the development of researcher profiles on various research crowdfunding sites in order to increase funding opportunities.

  • Participants will be able to take this information back to their respective institutions in order to make informed decisions about whether or not to pursue crowdfunding for certain projects and to consider whether they need to develop policies and procedures to cover this new potential source of funding, and where responsibility for this best sits within their institution.

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Cynthia Bellas, MsEd. Chief Strategic Officer, IRB Advisors
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