ANDREA GAGGIOLI AND GIUSEPPE RIVA propose Crowdfunding Science:
We suggest crowd-funding as a possible strategy to cope with the lack of investments in research, as well as to increase democratization in the sciences. Projects seeking funding could be stored in an online repository. Each project would include a description of its objectives, duration, and requested contribution. Investors (either people or funding agencies) could decide which projects to fund. Read more in this letter to Science...Andrea further adds:
The closest example of crowdfunding science is Cancer Research UK's MyProjects scheme. Launched in October 2008, MyProjects allows Cancer Research UK donors to search projects by type of cancer and location to find a specific research project to donate money.See also S.C.I.En.C.E.
SCIEnCE – Share Collaborative Ideas, Enact Cooperative Efforts – is part of the growing movement dedicated to encouraging public sharing of testable ideas. Not just ideas, but plans of action – ideas will be developed into specific, step-by-step proposals via Wiki-inspired community editing. A new system for attributing credit will be used to distribute funding for SCIEnCE projects. The projects outlined by these collaboratively written proposals will be tackled with a cooperative experimental approach. Society will benefit much more from the ensuing scientific and medical progress than any individual could benefit from the prestige of doing it first and doing it alone.