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A Kickstarter for Academic Research

The success of “crowd-funding” inspired one researcher to create a Kickstarter-like service for scientists.

Boston-based startup IAMScientist hopes to apply the crowd-funding approach pioneered by Kickstarter to research funding.

The company has already enjoyed modest success as a matchmaking service for companies and scientists. For a fee, it will tap its network of researchers—mainly in medicine and the life sciences—to find an available expert in a specific research area. But IAMScientist recently started allowing users to advertise projects for others to fund as well.

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The approach is analogous to Kickstarter, a website that has raised almost $100 million for a wide range of entrepreneurial projects in 2011. But, of course, there’s a big difference: it’s unclear if IAMScientist’s audience of scientific researchers will want to contribute their own funds towards other researcher’s projects.

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The website was created in 2008 by Borya Shakhnovich, at the time an assistant professor in Bioinformatics at Boston University. Shakhnovich hopes that reducing funding time from 18 months (under a typical NIH grant review process) to about 30 days, which is typical for crowd-sourced funding, will attract the interest of NGOs and larger organizations who could use the platform to have research proposals quickly and cheaply vetted.

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