Open Genius: Crowdfunding Science

Open Genius The power of crowd sourced research

New business scenario
Crowd funding
Not just a recent trend, a powerful channel with engaged communities capable to generate impressive budgets with the scope to source social projects
Open innovation
faster, cheaper and smarter, today innovation is a cross capability easily available for everyone

Good old time rules
Research is not a choice
the main driver of economical development, of innovation and social wealth is research
The problems are (always) the same
- lack of economical resources
- huge information gap between public and research
- absence of support for innovative research
- difficult access towards funding

The real challenge…
… is to create real and sustainable value for research through the adoption of a new channel based on crowd funding and the opportunity of open innovation !

we are ready for this challenge
OpenGenius
is based on a simple and unique idea
we make qualitative research projects available to public and facilitate the funding through a global and highly motivated
community

Biz model scientist/foundations propose its projects and introduce its expert solvers linked to the project PROPOSE 1 2 3 4 OpenGenius projects experts

Biz model the crowd e.g. scientist, enterprises or private experts qualify the projects for the public if needed PEER REVIEW 1 2 3 4 OpenGenius crowd projects experts

Biz model crowd selects its preferred project and sustains the conclusion of the project through funding FUNDING 1 2 3 4 OpenGenius crowd projects experts

Biz model All are happy having achieved their objective and they pay some money for the service MONEY 1 2 3 4 OpenGenius crowd projects experts € €

Revenue streams
from cost percentage of raised funds
from foundations/ associations who want to solve the long tail of non funded projects
from fee per posted projects
from services we offer towards research enterprises
from panelist ready to participate to questionnaires in order to source the fund through datamining

The market
No real competition, a potential competitor could be recognized in foundraising portals
Italian donations market:
private donators:
~ 25 Mio donators
Ø donation budget of 180,- EUR/head
Enterprises :
~ 40% of enterprises donate in average a budget in between 50 KEUR-250KEUR
36% of enterprises are highly oriented to donate specific projects

http://gaggio.blogspirit.com	12723
http://jujo00obo2o234ungd3t8qjfcjrs3o6k-a-sites-opensocial.googleusercontent.com	1207
https://jujo00obo2o234ungd3t8qjfcjrs3o6k-a-sites-opensocial.googleusercontent.com	1186
http://www.open-knowledge.it	140
http://www.socialbusinessforum.com	65
http://translate.googleusercontent.com	60
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Open Genius: Crowdfunding Science

by andrea gaggioli on Sep 20, 2010

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