Crowdfunding has helped fund startups and innovation since its inception, but academic research is starting to benefit. The funding of anything from Project Hexpod that funds the building of Stompy, an 18-foot rideable walking robot, to saving abandoned or abused animals across the globe or getting creative projects started takes place via crowdfunding platforms, such as Kickstarter, Indiegogo and others.
Goals and methodologies funding research through crowd donations is growing in popularity.Microryza, a research-based crowdfunding site, launched at the start of 2012,and it follows other platforms suitable for academic research,such as iAMscientist and PetriDish.org.While risk is inherent in funding academic research,this type of research fuels technological advancements,breakthroughs in medicine and so much more.And as more scientists discover and turn to crowdfunding,the number and type of academic research studies are likely to grow exponentially.The increased access and speed of funding through platforms that fund projects with the crowd are poised to play a major factor in future scientific advancements and discoveries.
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.