Kickstarting biotechnology crowdfunding #BIO2015
A quick note from BIO2015.
Biotechnology crowdfunding levels pale in comparison to other industries. There are many reasons for this disparity — risk, high capital requirements, and the technical nature of many biotechnology applications.
A talk by Wharton”s Steve Sammut, based on research by Roger Younan, revealed that biotechnology applications are absent from the list of top crowdfunding areas. One means to increase crowdfudning in biotechnology and the life sciences in general is to leverage existing interests, rather than following the challenging path of introducing drastic changes to crowdfunding models. For example, wearable technologies are the most popular category for crowdfunding. This aligns well with life sciences, where opportunities to develop health sensors or mobile phone/watch apps.