NCEAS researchers use #SciFund Challenge to determine key factors in successful Internet fundraising.
Everything you know about crowdfunding is wrong, and that is good news for scientists. Crowdfunding is the practice of financing a project or venture through contributions from a large number of people, typically via the Internet. NCEAS associates have conducted the first study that quantifies what factors are needed for success in crowdfunding for science. The findings of their experiment, #SciFund Challenge, were twofold: The success of science crowdfunding efforts depends on researchers building an audience for their science before the crowdfunding begins as well as engaging that audience throughout the fundraising period. Their analysis appeared in the journal PLOS ONE and covered in Nature. More>