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Science Funding

Ryan Tanaka
Ryan Tanaka
Consumer Tech & Mobile
6 min read 4 sources
science

Photo by MART PRODUCTION on Pexels

Introduction to Petridish

Petridish is a crowdfunding platform for science that plans to transform the way research is funded. On Petridish, science-lovers can connect directly with researchers to help them launch new projects. For example, one of the scientists on the site is offering naming rights to new species of animals. Disciplines of projects include those centered around biology, ecology, geology, astronomy, and more. This direct connection between researchers and the public could significantly alter the landscape of scientific research funding.

How Petridish Works

Researchers can post materials about themselves and their research on the site, and the public can discover projects that are exciting to them. In exchange for contributing to the project, backers receive insider updates on the research, naming rights to new discoveries, and other souvenirs from the work. Projects will only be funded if they reach their goal before the deadline set by the researcher. Petridish will take 5 percent of the donation for each transaction. This model incentivizes researchers to create engaging project proposals and allows backers to feel invested in the research process.

SpaceX Recovers Dragon Capsule

SpaceX recovered the Dragon capsule loaded with science and research from the International Space Station. The capsule was carrying 4,500 pounds of supplies and scientific experiment equipment when it made its way to the ISS. Dragon made its way back to earth, departing the space station and beginning its re-entry into Earth’s atmosphere. A five-hour trip back into Earth’s sky included a deorbiting burn, and then the capsule splashed down in the Pacific Ocean. The successful recovery of the Dragon capsule marks a significant milestone in SpaceX’s ongoing efforts to support scientific research in space.

History of Crowdfunding in Science

The concept of crowdfunding for scientific research is not new, but platforms like Petridish are making it more accessible and mainstream. Previously, scientists often relied on government grants or private donations to fund their research. However, with the rise of crowdfunding platforms, researchers can now reach a wider audience and secure funding for projects that might not have been possible through traditional means. For instance, platforms like Kickstarter and Indiegogo have been used to fund various scientific projects, from documentary films to technological innovations.

Industry Context

The science and research industry has seen significant growth in recent years, with the rise of crowdfunding platforms like Petridish and the increasing use of technology in research. The recovery of the Dragon capsule by SpaceX is a significant step forward for space research, and the presentation of the 15 science startups at LeWeb highlights the innovation and progress being made in the field. According to a report by the National Science Foundation, the global market for scientific research and development is projected to reach $2.5 trillion by 2025, with the life sciences sector expected to account for a significant share of this growth. The growth of the industry can be attributed to the increasing demand for innovative solutions to real-world problems, as well as the decreasing costs of technology and equipment.

Technical Mechanics of Petridish

Petridish’s platform uses a project-based funding model, where researchers create and share their project proposals with the public. Backers can then browse through these projects and choose to contribute to those that align with their interests. The platform uses a simple and user-friendly interface, making it easy for researchers to create and manage their projects, and for backers to discover and support them. Petridish also provides tools for researchers to share updates and engage with their backers, helping to build a community around each project. For example, researchers can share updates on their project’s progress, and backers can ask questions and provide feedback.

Future of Science Startups

15 science and research startups were selected to present at LeWeb, including Expernova, LabFolder, and Transcriptic. These startups are building tools that change how we do research, helping the best minds of our generations work more efficiently and accelerating the progress of knowledge. The startups presented at LeWeb on December 9, showcasing the future of science and research. For example, startups like WriteLaTeX and Shazino are developing innovative solutions for researchers, such as collaborative writing tools and data analysis platforms. Other startups, such as LabFolder, are working on developing digital lab notebooks for researchers to organize and share their data.

Downstream Implications

The success of Petridish and other crowdfunding platforms for science could have significant implications for the way research is funded and conducted. With more direct funding from the public, researchers may be able to pursue projects that are more innovative and high-risk, but also potentially more rewarding. Additionally, the engagement and involvement of backers in the research process could lead to new opportunities for collaboration and knowledge-sharing. As the industry continues to evolve, it will be interesting to see how these developments impact the way research is conducted and funded. For instance, researchers may be able to use crowdfunding to fund projects that are more interdisciplinary, or to collaborate with researchers from other institutions.

What to Watch

The next steps for Petridish and SpaceX will be important to watch, as they continue to push the boundaries of science and research funding. The development of new technologies and innovations in the field will also be crucial, as they have the potential to transform the way research is conducted and the discoveries that are made. With the increasing use of crowdfunding and the rise of science startups, the future of science and research looks promising, and it will be exciting to see what the next few years hold. For example, we can expect to see more innovative solutions for researchers, such as new tools and technologies, and more collaboration between researchers and the public.

Broader Implications for Science Research

The growth of crowdfunding platforms like Petridish and the increasing use of technology in research have broader implications for the field of science research. For instance, these developments could lead to a more democratization of science research, where researchers from all over the world can access funding and resources. Additionally, the use of crowdfunding and technology could lead to a more efficient and effective use of resources, as researchers can use data and analytics to inform their decisions. Overall, the future of science research looks promising, and it will be exciting to see how these developments play out.

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