ere we continue with the remaining concept of crowdfunding. As stated crowd-funding is gearing significance in the field of clinical research or medical research in general.
1. Crowd funding In a Clinical Research
(Part II)
Here we continue with the remaining concept of crowdfunding. As stated crowd-funding is gearing
significance in the field of clinical research or medical research in general.
We learn that how crowdfunding can transform scientific research. Even it has some limitations though.
It's true that there is a long way to go before crowdfunding can match the scale of traditionally funded
medical research.
What is Prion Alliance
Crowdfunding for science is great, but it's basically of a different scale than grant funding or large-scale
sponsorship.
2. The campaign of Prion Alliance which raised $17,000 funds, is one of the larger donation-based
scientific crowdfunding campaigns to be successfully funded.
For Alliance, crowdfunding is a useful and com quick way to fund small catalytic experiments.
The money they've been able to raise, is not keeping the lights on, nor developing disease
models from scratch, nor paying anyone's health benefits.
The Prion Alliance would use crowdfunding for future projects, though their intention is to use these
"quick micro-grants" to fund the generation of preliminary data that their collaborators can then use as
a base to apply for "more sustained and robust funding."
In words of some critics the nature of crowdfunding for clinical research means that only the most
social media-friendly proposals will thrive.
For an instance, projects involving dinosaur excavation and studying spam mail slimination were both
over-funded in donations, while a current proposal dealing post-traumatic stress disorder in veterans
has received just $10 , and though only six days left to raise the remaining $11,990 target at the time of
writing.
Recently Prion Alliance took the matter of finding a cure to fatal familial insomnia. This is diagnosed
as carrying a rare mutated gene that causes FFI : a prion disease inflicting just one in a million people,
where death actually follows shortly after symptoms are detected.
While many scientists are finding their work in stress edge due to lack of fundings, they are definitely
excited about crowdfunding as a way to get small projects completed on a shorter duration.
Though all proposals are currently vetted by Luan of Prion Alliance and his colleagues for both
scientific credibility and to make sure the researchers are who they claim to be, the next step for
Microryza/Experiment is to secure credibility within the scientific community will be in incorporating
a rigorous peer review process to assure project backers that reported results are accurate and evidence
based.
As per recent tests are going on a drug with the power to stop Alzheimer’s in its tracks. They are being
crowdfunded by raffles, pensioners’ donations and a sponsored walk because the research team cannot
find money for pre-clinical safety tests any other way.
The team of researchers is being led by Dr David Allsop at Lancaster University’s division of life
sciences and biomedicine is running a crowdfunding campaign, Defying Dementia, to carry out the
required pre clinical testing on their drug in the belief they may be looking for a cure for the
progressive brain disease. Till sate they have raised £52,000 towards their target of £165,000.
Hope you likes our article on crowdfunding and the way it could transform scientific research.
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