Funding Science Takes a New Face: CrowdFunding


The SciFundChallenge, crowdfunding for science, has proven to be a successful experiment founded by Dr. Jai Ranganathan and Dr. Jarrett Byrnes. The two scientists, both ecologists studying biodiversity, recognize not only the need for better funding for scientific research but also the need for scientists to establish a more personal connection with the world that they are studying.

Scientists have traditionally stayed away from public discussions and especially public policy in order to maintain objectivity for their research. Outside of science patrons, the focus has been on peer interaction and acceptance over public exposure.

However, with changing times and a rapidly changing world, Dr. Ranganathan and Dr. Byrnes have the vision of a science community that shares their passion for their research not only with each other but with the world to help generate the excitement and educuation that supports change for the better.

Click here to learn more.

About Robin Eschler

Robin L. Eschler, the founder of Social Impact Marketing, started her career in developing foundational marketing strategies for companies of all sizes, from Fortune 500 to individual entrepreneurs and local businesses. She has developed and implemented international campaigns to launch high tech products and services and guided new business owners to successfully navigate the difficulties of growing a business.

Her life-long passion for helping others led her into nonprofit work for over a decade. Early on, she recognized the need for nonprofits to adapt to a rapidly changing world in which technology dominates and for-profit business practices are central to success. Her determination to help social causes in a sustainable way led to her creation of the Women’s Radio show Socially Conscious Investing.

Impact investing in for-profits with a mission of social change such as the fight against extreme poverty is a blossoming business sector around the world. With the economic decline, it’s clear that Wall Street requires change. Social impact investing addresses that need in a way that provides financial and social ROI.

As the Host of Socially Conscious Investing on WomensRadio, Robin’s goal is to educate people about the growth of social impact investing and social venture. Interviews are conducted with socially conscious business experts including foundations and nonprofits, social venture investment firms, micro-loan organizations, investors, educators, authors and social entrepreneurs.

This show’s mission is to help change the world through sustainable business practices that contribute to the economy, combat poverty, end hunger and provide better lives to all.

Twice, Robin has been recognized and received the highest honorary award that Rotary International gives, the Paul Harris Award, for service above self. Her community work has included developing local programs for disadvantaged populations such as foster children, troubled teens, and people with disabilities.

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Comments

  1. Maurice Lopes says:

    Nice article Robin. I hope that crowdfunding takes the next step to equity-crowdfunding like it has been for the past 6 years in the U.K.

    On EarlyShares (our crowdfunding platform), crowdfunding investors are pooled together into an new single entity and that entity invest as a single member into the crowdfunded company, one vote, one approval for future rounds, one shareholder. We have found that VC’s and Angel Groups like this structure and can see great value in getting access to companies where they are not the only investor!

    It can be very beneficial for angels and VC’s to be part of a crowdfunded company, especially during the crowdfunding round, probably most important is the interest “validation of product/service” from a large number of consumers.

    Even though we might only be able to present companies in January 2013, we are already working with companies seeking funding, we encourage entrepreneurs to apply now, and not wait as it takes a while to get approved.

    To apply go to http://www.earlyshares.com/start

  2. We agree that crowdfunding is THE answer for funding both entrepeneurs and scientists alike! Our crowdfunding platform (http://peerbackers.com) is one of the oldest around and we have had thousands of folks come and raise the funding they need to get their ideas off the ground. Although we will open for the equity option (raising money in exchange for shares) we will also keep the current model of donation based fundraising as there are many people – such as scientists – whose projects are not appropriate for selling stock. We encourage folks to give crowdfunding a try!