Five Benefits of Crowdsourced Medical Research Funding


The Digital Health Corner

Crowdsourced clinical studies have been the subject of previous posts by this author.  The Wiki definition of crowdfunding is: “the collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations.” I have recently become aware of non-profit organizations which are focused on crowdfunding for medical research.  One of these is Consano.  As described by the non-profit, an ideal project for crowdfunding would:       (a) be easily explained/understood by the lay public, (b) create an emotional response in a potential donor (this can be achieved through video or words), (c) has a realistic funding goal (and the project would happen even if the full funding goal on Consano is not met), and (d) is being submitted by a motivated researcher who will reach out to their personal network to kickstart the funding. Current projects range from targeted therapies for…

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