Crowdfunding science: Many a mickle makes a muckle
November 1, 2012 Editor 0
NECESSITY, so the proverb has it, is the mother of invention. And science is nothing if not inventive. So, as conventional sources of money get harder to tap (the success rate enjoyed by those applying for research grants from the National Institutes of Health, America’s biggest science-funding agency, has fallen from 30% in 2003 to 18% in 2011), some of science’s more creative minds are turning elsewhere.
Philanthropic sponsorship of science, particularly in the form of expensive pieces of kit such as large telescopes, or sponsorship for expeditions to far-off places, has been around for centuries. But the internet now permits what might be thought of as microphilanthropy. Through a technique called crowdfunding, in which members of the public donate small sums to projects they like the look of (sometimes in the knowledge that the donation will be taken up only if sufficient other pledges are made to surpass a stated target), the possibility of scientific philanthropy has been extended to those of more slender means.On October 4th, for example, Ethan Perlstein, a pharmacologist at Princeton University, launched a bid on a site called RocketHub to collect $25,000 to study the effect of drugs such as methamphetamine on the brain. He has until November 18th to raise the money.Kristina Killgrove, an anthropologist at the University of West Florida, has already raised over $12,…
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Categories: The Economist
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