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Microryza

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AAHC 2012 Joint Executive Leadership Group Meeting
Revenue and Funding: crowdfunding, a new model?

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Microryza

  1. 1. Cindy Wu cindy@microryza.com Revenue and Funding: crowdfunding, a new model?AAHC 2012 Joint Executive Leadership Group Meeting December 6-7, 2012
  2. 2. Where did icome from? HERE
  3. 3. That is Denny.Hi,I am Cindy.
  4. 4. We arescientists.
  5. 5. The need fornew innovative solutions haS never been greater in history.
  6. 6. ideas that shape our world Cancome from Anyone anywhere.
  7. 7. S359 Million loaned S315 million backed800 THOUSAND DONORS 3 million backersCREATION
  8. 8. WHAT ABOUTDISCOVERY?
  9. 9. FUNDING IS THECATALYST
  10. 10. ,,no greatdiscovery wasmade withouta bold guess. Sir isAAc Newton
  11. 11. RESEARCHFUNDINGISPainful
  12. 12. But, what aboutthe longtail ofideas? LONGTAIL OF LOST IDEAS
  13. 13. t t NO ONE IS FUNDING SEED STAGE IDEAS $$$$$$ $$$$$ COST OF RESEARCH $$$$ RESEARCH STOPS BEING FUNDED AT $50K $$$ $$ $ RESEARCH IDEAS
  14. 14. t , That s NUTS!
  15. 15. Democratize research fundinG
  16. 16. NOW
  17. 17. HOW?
  18. 18. Crowdfunding for research
  19. 19. t What is microryza? crowdfunding platform for academic research
  20. 20. EARLY SUCCESS34,000 UNIQUE VISITORS 500 DONORS$42,000 PLEDGED $83 AVERAGE DONATION 7PROJECTS 5PROJECTS FUNDED LIVE
  21. 21. “This solution helps close the gap forpotentially promising but unfunded projects.” --BILL GATES
  22. 22. bring a triceratops to seattleprofessor Christian SIDOR, BURKE MUSEUM S2,300
  23. 23. FINDING NEW CURESProfesSor Raffi Aroian, UCSD S15,000
  24. 24. NEXT GENERATION BEEKEEPERSProfessor EvAn Sugden, UW S2,200
  25. 25. What iscrowdfunding?
  26. 26. HowIT WORKS
  27. 27. 1. SUBMIT APROPOSAL
  28. 28. 2. MAKE ASHORT VIDEO
  29. 29. 3. CURATE yourPROJECT PAGE
  30. 30. 4. Launch
  31. 31. no up front fees
  32. 32. Tools for SHARING ANALYTICSemail campaigns
  33. 33. Where do the funds go?
  34. 34. We work directly withyour university
  35. 35. Who owns theIntellectual property?
  36. 36. IP is yours to keep
  37. 37. ISCROWDFUNDING right for me?
  38. 38. professor post doc graduate studentundergraduate NOT ON THIS LIST? LETS TALK!
  39. 39. Expectations?
  40. 40. Benefits ofcrowdfunding?
  41. 41. making researchaccessible
  42. 42. PEOPLE WANT TOBE CLOSE TOSCIENCE
  43. 43. WE BRING PEOPLECLOSER TOSCIENCE
  44. 44. THANKS! Cindy Wu, Co-Founder cindy@microryza.com @cindywu123At Microryza we build products that embody inspiration, curiosity and trust.
  45. 45. INSPIRING PEOPLE TO FUND AND FOLLOW DISCOVERIES ONLINE

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