Imagine this: one of us (not me) can go and meet these people and tell them they have potential research money for them if they open up and treat us as their shareholders. Christiano or other would have to put a presentation together to tell us why SHE should get the money not the Japanese or other. We can give them incentives to coordinate too. We can put a board of 10 members or more who will vote on which company will get funding.
10,000 "donors" , 500 lifetime donation (not in a single payment of course), that is 5 million. Just an idea of the potential. But a good website and good advertising can get us up to million donor. This has been done in other areas, and opens up a world of possibilities.
If you think it is a good idea, let us know.
This is exactly how I envisioned the platform and told hellouser about it... It should be a reverse crowdfunding initiative where the community selects the projects with a voting process, and members PLEDGE their money in the projects they find more attractive... Then the companies bid for that project and associated funds. Example projects:
- Project 1: Efficacy and Security study for dermarolling + minoxidil + B12 Vitamin (Available Funds: $430.890)
- Project 2: Design for a CB13 vehicle (Available Funds: $1.230.890)
- Project 3: Donor-doubling patch test (Available Funds: $670.260)
- etc
And how is the bidding process? Well, as always is done in biz: you issue a RFP for each one of these projects and then the most promising research company proposal gets selected by the community + an experts board.
This way, the community drives the innovation...