Crowdfunding? - What is it? How does it work? How do I start raising funds?
Traditionally finance for research is accessible to scientists through quite limited channels such as research councils. The grant application process can be long and laborious, and can often end in rejection or require lengthy modification. It is also a process which goes unseen by the public who only get to know about individual research when a mainstream media outlet picks up on a story. We believe that there needs to be another route for obtaining funding for research – one that is open, transparent and which engages the public and can leverage on the quite substantial power of crowdfunding. By removing the barriers associated with traditional finance, we will open the possibility of funding for projects which may fall outside the usual realm, including projects by schools and A-Level science students.
In research labs and institutions around the world many scientists struggle to get the research they want done due to the seemingly endless red tape associated with grant proposals and other traditional sources of finance. By providing an online platform for scientists, graduate students and their ilk, to rapidly get approval for their intended projects, we will create a viable and lucrative alternative funding source for the scientific community.
Schools and colleges are also suffering from tough cutbacks in spending, the Open Science Space will encourage students to engage the public and to develop the essential skills required to obtain funding for scientific projects.
One of the problems with the public's perception of science and scientists is the perceived secrecy surrounding research activity and the inability to captivate the public's imagination. We must get the public involved in science!
...There has been a communication breakdown and we will provide a bridge to facilitate and foster a new connection between scientists and the general public, many of whom will be thrilled to be able to access information on cutting edge research and indeed be given the possibility to influence the direction of research through the power of crowdfunding.
People who get involved in projects will see that by their collective sponsorship they are able to influence the next generation of science and scientists and play an active role in the future of technological change. We will foster communication between scientists and the outside world and also between scientists themselves. The site will offer a transparent view of what's happening at the cutting edge of research providing opportunities for collaboration between previously unconnected groups. Most of all though we will encourage and stimulate new investment into science from the people who benefit the most from scientific advancement: the public. We believe that by doing this we can help everyone share in the excitement of discovery.
What is the Open Science Space?
A genuine alternative to mainstream funding routes, crowdfunding has rapidly become an extremely bountiful source of alternative funding. One project alone recently raised more than $10M after initially seeking just $100,000. The Open Science Space will provide an online platform for scientists and graduate students to showcase their research and access funds for projects. Additionally, the Open Science Space will provide opportunities for schools and colleges to access funds and support scientific projects - a valuable potential income source in a time when cutbacks are prevalent.
A multifaceted web experience will allow for totally open and accessible science - a place for scientists to interact, and a place for the general public to learn and share the experience of discovery. This is a great opportunity for graduates, young scientists and students to let the public know what they are doing, providing them with the ideal platform to develop the necessary skills for presenting their work in a way which is easily understandable by the lay person. Excite and inspire the general public; encourage them to be part of your own research - finance future or existing projects through crowdfunding. Connect and communicate your passion for science!
Key Aims and Objectives
· An online focal point for science
· A place where scientists and the public can interact, providing a unique opportunity for researchers to engage and inform the public
· To develop and encourage the scientific community to be committed to open research
· To facilitate genuine open access to scientific research
· The first independent globalised crowdfunding platform dedicated to the advancement of science
· The Open Science Place will also enable:
· Transparency in experimental methodology, observation and collection of data
· Public access to scientific data and communications
· The provision of web-based tools to encourage collaboration
· The sharing of data in real-time