Scientific projects and crowdfunding

The emergence of crowdfunding platforms has proven to be incredibly beneficial for projects in entrepreneurial, artistic, entertainment and social fields. In recent decades crowdfunding has become a widely popular way of getting funds for projects such as new games, films or music videos, community-oriented businesses, mobile apps, and many more. But can the scientific field also benefit from this type of funding? Are crowdfunding platforms a place where scientists can turn to in order to seek support of their research or development and commercialization of their inventions? It might just prove to be an area of yet untapped potential.

Traditional methods, such as grants from the government or academic institutions have their limitations. And so, more and more people have been noticing the potential of applying crowdfunding in scientific project commercialisation. Even some universities have started to encourage their researchers to launch crowdfunding campaigns. However, this subject brings forth many discussions. Different sides argue about potential benefits but also worries concerning the use of crowdfunding websites as the platform for investing in science.

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