09 Dec 2016

Consider an Alternative Funding Method for Your Research

Consider an Alternative Funding Method for Your Research

The cost of research can be high, and funding opportunities for research studies are competitive. With the ever-growing presence of crowdfunding resources on the Internet, for purposes ranging from creative projects to personal medical expenses, why not take advantage of crowdfunding for academic research? Here are a few venues for this alternative method of research funding:

Experiment.com

Experiment.com, an internet crowdfunding source for the specific purpose of scientific research, comprises a community of over 66,000 members and a display of over 60 experiments. This resource remains available to anyone who wishes to submit a study for the public solicitation of donations.

Experiment.com boasts a success rate of 48%, and shares stories (and data results) of research projects that have been successfully completed after having raised all of the necessary funding.

Chuffed.org

Chuffed.org hosts funding campaigns for organizations and charities devoted to social causes. Why not post your own research project to solicit funding? If you are able to communicate a clear outcome for your research funding purpose, you will likely be eligible to run a campaign on Chuffed.org.

According to Chuffed.org, the site’s campaigns raise an average of $7,000, and their largest campaign to date raised $345,000.

Unlike most crowdfunding sites, Chuffed.org does not charge any fees for campaigns. Donors pay the processing fees for their donation, at no cost to you. Also, Chuffed.org allows you to keep your funds, even if you don’t hit your fundraising goal. Partial funding for research can go a long way!

#SciFund Challenge

#SciFund Challenge not only provides a crowdfunding platform specifically for the funding of research, but also offers a wide range of resources, such as tools for outreach to publicize your research.

In 2014, #SciFund Challenge enjoyed a success rate of almost 70% for their funded projects. [1]

While many #SciFund Challenge projects are ecologically oriented, there is no rule that states they all must be. Anyone with a research project in the social sciences may sign up for their free newsletters, informational service, and crowdfunding resources.

If you are considering submitting proposals for research funding, visit https://experiment.com/, http://www.chuffed.org, or https://scifundchallenge.org/ to view their terms and regulations to see if these innovative alternative methods of funding work for you!


[1] Faulkes Z. #SciFund round 4 analysis. 2014. http://scifundchallenge.org/blog/2014/03/18/scifund-round-4-analysis/.

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