University of Florida
Bryan Hall 133
Gainesville, FL 32611
Institutional Affiliation: University of Florida
NBER Working Papers and Publications
|March 2018||Crowdfunding Scientific Research|
with Henry Sauermann, Chiara Franzoni: w24402
Crowdfunding may provide much-needed financial resources, yet there is little systematic evidence on the potential of crowdfunding for scientific research. We first briefly review prior research on crowdfunding and give an overview of dedicated platforms for crowdfunding research. We then analyze data from over 700 campaigns on the largest dedicated platform, Experiment.com. Our descriptive analysis provides insights regarding the creators seeking funding, the projects they are seeking funding for, and the campaigns themselves. We then examine how these characteristics relate to fundraising success. The findings highlight important differences between crowdfunding and traditional funding mechanisms for research, including high use by students and other junior investigators but also relativ...