Crowdfunding scientific research: Descriptive insights and correlates of funding success.

ABSTRACT: Crowdfunding has gained traction as a mechanism to raise resources for entrepreneurial and artistic projects, yet there is little systematic evidence on the potential of crowdfunding for scientific research. We first briefly review prior research on crowdfunding and give an overview of dedicated platforms for crowdfunding research. We then analyze data from over 700 campaigns on the largest dedicated platform, Experiment.com. Our descriptive analysis provides insights regarding the creators seeking funding, the projects they are seeking funding for, and the campaigns themselves. We then examine how these characteristics relate to fundraising success. The findings highlight important differences between crowdfunding and traditional funding mechanisms for research, including high use by stud

SUBMITTER: Sauermann H 

PROVIDER: S-EPMC6319731 | biostudies-literature | 2019

REPOSITORIES: biostudies-literature