Crowdfunding has proven to be an excellent way to get projects started and accomplished. We need money to just about do everything in this world, and crowdfunding is a great way to get everyone involved in big projects that everyone can benefit from. In fact, according to a 2015 article in Forbes, studies have estimated that crowdfunding has raised over $34 billion (US) worldwide.
While crowdfunding is not a new concept, it wasn’t until the early 2000s where sites became available with the sole purpose of crowdfunding projects, consumer goods, charitable needs, and more. Kiva, IndieGogo, and KickStarter are great ones you’ve probably heard of.
Most of these crowdfunding sites don’t have a particular, closed theme. When you look at the selection of what you can support, they’re a bit all over the place. Everything from music albums, to shoes, to public displays of artwork. So, Eric Fisher had an idea.
Eric Fishes founded Labfundr in 2017. His idea? To create a crowdfunding website to host research undertakings and science projects.
Now, this isn’t the only crowdfunding site of its kind. In fact, as Fisher points out in his press release, similar sites exist in the US and in the UK. However, there was an English-speaking country that didn’t have this provision yet.
Labfundr is Canadian based, and in its short life they’ve already begun to crowd fund with their small team of members. They hope to continue to grow, and continue to help fund more and more research projects.
The types of campaigns that can be created on Labfundr include: Research projects, campaigns to cover travel expenses to conferences or training courses, educational outreach events, equipment purchases, and themed initiatives.
It’s completely free to create and launch a campaign, and to keep them going, they do charge a 9% fee on contributions, plus any credit card fees.
If you want to check it out, and maybe start a research project of your own funded by Labfundr, you can find out more about them here!