What´s Crowd Funding?

Crowdfunding is a tool, typically done via the Internet, that will allow any entrepreneur to attract a large number of individuals to invest small amounts of money into their business idea. If the entrepreneur’s funding target is met, rewards are offered to backers.

Over 270 institutions, including research centers, universities, and corporations, have endorsed the Moonshot, and the federal government is already looking to utilize private groups for assistance. GlaxoSmithKline will provide assistance in data management and analytics, and the National Photonics Initiative, which put together a National Cancer Moonshot task force comprised of experts from groups including The Lung Cancer Alliance, Prevent Cancer Foundation, Siemens, the Advanced Medical Technology Association, the Medical Imaging and Technology Alliance, presented a roadmap for future technological progress. A number of private groups have also redoubled their research efforts or established their own “moonshots,” inspired by Biden’s example. New financial pledges from, groups such as the Breast Cancer Research Foundation, Alex’s Lemonade Stand Foundation, the Parker Foundation, the American Cancer Society, and a group of philanthropists led by Michael Bloomberg to fund John Hopkins University add up to almost $1 billion of additional research funding over the next few

Upon passage of the JOBS Act in 2012, the startup community celebrated the bill’s potential. Its intended effect as to herald the next “big thing” by uncorking the excess cash tied up by the meltdown of 2007. The age of crowdfunding had arrived, or so it seemed. While the JOBS Act has been successful in accelerating capital formation, the intentional sequester of Title III by the SEC has the most promising aspect of the Act, Crowdfunding, indeterminate on-hold. Three years of waiting for SEC regulators to define the boundaries and rules of how crowdfunding will become a reality in the U.S. While such delays have proved frustrating to entrepreneurs and investors alike, it has also provided ample time for regulators to examine similarly

Cynthia Robbins-Roth is a strategic planner and business consultant to the biotechnology industry, named one of the Top 25 Biotech All-Stars by popular business magazine Forbes. Her book, published in year 2000, provides a broad overview of many biotech topics and draws upon her experience and skill as a keen businesswoman. The engaging and informative work initially details the establishment and growth of the biotechnology industry, as well as its historical origins and information on key players in its founding. Throughout her account of this “dynamic” industry’s early struggles, great successes, and current difficulties, Robbins-Roth presents her opinion of the industry’s current viability and hopes of the future product pipeline. Robbins-Roth predicts a revolutionary change in health management and treatment, which combined with the growing aged population, will produce sufficient demand to propel the biotechnology industry past the well-established small molecule pharmaceutical companies. She asserts that the biotechnology companies will emerge as the leaders in the world’s medical research and development. Robbins-Roth further explains the intricacies of financing a biotechnology venture, the necessity of efficient risk management, and the difficulty of selling an idea to non-scientist investors.

In 2014, crowdfunding raised over five billion dollars worldwide (Hyywna, 2014). Crowdfunding provides money for inventors, filmmakers, musicians, the medically ill, and even educators. On sites like GoFundMe and Donorschoose.org, teachers asked for pencils, folders, textbooks, iPads, engineering supplies, and many other items to be donated from people around the world to fill holes in their classroom and their curriculum.

Numerous people die every day from diseases such as ALS, Parkinson’s, cancer, and many other things. These deaths may be preventable, through a somewhat new field of science, embryonic stem cell research. This field involves research that could develop cures or methods of preventing, treating, or medicating people afflicted with these debilitating, often deadly disorders. This field, unfortunately, is not supported by everyone. In fact it is so controversial, that in America, federal funding is not allowed. This severely limits the opportunities that these special cells can provide. Yet scientists continue to research these cells, because they feel that it is a field worth

Crowdsourcing websites like GoFundMe, Indiegogo, Kickstarter have increasingly become the default medium for fundraising for various causes. From student loans to mortgage payments, sites like GoFundMe provide convenient and quick platforms for individuals seeking monetary assistance and GoFundMe today claims to have raised over 3 billion in

My counter-argument to this is; Are private investors the only way to generate funding for research? For example, Hospitals such as St.Jude Children's Hospital generate their funding through donations. Why couldn't research hospitals be able to do the same quality of research Myriad has on the BRCA1 and BRCA2 through donations without the need of patents and investors.

The rise of new technology has offered new methods for organizations to gain support. Social media has given organizations a way to gain more support from people that would not normally support them. It gives organizations a quicker, cheaper way to get themselves known in the community. Recently crowdsourcing like Kickstarter has become a way for organizations to fundraise money. This research paper will explore the positives and negatives of crowdsourcing as a way for organizations to raise money.

Healthcare is a big industry worldwide that obtains a large amount of money. There are companies who donate money to help move on the project, such as a pharmaseutical. The Human Genome Project is expanding so much that it may actually become an industry itself, meaning there will be more job opportunities in the medical field (APECSEC.org, 2015). Their main goal is to advance in medication and to be known. The more people know about this project, the more support they will be able to gain and it could grow from then on (Group, 2015). But what if society is spending all of this money for a project that doesn’t have a guarantee of working? We may be paying for something that might not advance in science and can put people in danger for being around different chemicals. Finding new medications means they have to be tested after being made; which can put citizens into more danger because scientists aren’t certain this process will

Kickstarter is a new way to fund creative projects. They are the home for everything from films, games, and music to art, design, and technology. Kickstarter is full of projects, big and small, that are brought to life through the direct support of people. Since they launch in 2009, 9.3 million people have pledged more than $1.9 billion, funding 90,000 creative projects. Thousands of creative projects are raising funds on Kickstarter right now. So that’s why it is important for us to raise funds for the rehabilitation of Haripur jail prisoners by showing their hand made work.

This business model of Indiegogo has two main strengths for its crowdsourcing platform: their value proposition and revenue stream.

As any person or organization involved in getting a product to market can attest to, the endeavor involves a costly process that starts with acquiring the funds for research and

Crowdfunding is one way that businesses can seek money to startup their businesses, finance a new product, or expand their operations. Crowdfunding raises funds or capital by using online and social media networks to get a large number of people to contribute money towards a project in exchange for a good, service or equity. Generally money is raised through a fundraising website such as kickstarter. Another way to describe the meaning of crowdfunding is by the use of small amounts of capital from a large number of individuals to

Crowdfunding creates funds for new projects by using internet and social media. This can benefit small business projects to obtain their required funds. A project receives small investments from wide range of individuals through web advertising and social media. The individuals (investors) who have invested in the project may receive incentives such as discounts on the products, early opportunity to purchase their products, inclusion of their name in the list of contributing founders etc., so, they are not purchasing the share of the company. Crowdfunding avoids going to the banks, friends and family to get funds. It also avoids giving up partial ownership of their company. The websites like www.rockethub.com, www.peerfunding.com,