Crowdfunding sites for medical research

Crowd funding for medical research?

But could that concept work for medical research?

Today in Washington, D.C., the team accepted a $40, 000 award in the prototype category of the PCORI Challenge, a competition sponsored by the federally authorized nonprofit Patient-Centered Outcomes Research Institute.

The concept, called WellSpringboard, would make it possible for anyone to propose and chip in money for ideas for new patient-focused research studies - and for researchers to propose that they get the money and carry out the study if enough dollars are raised. The site would focus on comparative effectiveness studies – those designed to compare different prevention, diagnostic or treatment options.

The team, led by U-M physician and health researcher Matthew M. Davis, M.D., MAPP, will invest the prize money directly into further development of the WellSpringboard concept, to move it toward an eventual launch.

Matthew M. Davis, M.D., MAPP

“We want to bring the public's voice into the world of health research, to allow them to ask for answers to questions that are most important to patients of all ages and the people who care for them, ” Davis explains. “We also want to make it possible for researchers to join the virtual exchange of ideas that can attract broad public attention and investment. Researchers will be able to apply for the funding raised by the public, through a scientifically rigorous review process that involves scientists and non-scientists.”

PCORI logoDavis worked with U-M’s Anna Daly Kauffman, BA, and Dianne C. Singer, MPH, faculty colleagues Joyce Lee, M.D., MPH, and Susan Woolford, M.D., MPH, and staff from the Ann Arbor web development firm Inner Circle Media, to develop the WellSpringboard concept and prototype.

Davis, who is an associate professor of pediatrics and internal medicine at theU-M Medical School and associate professor of public policy at the Gerald R. Ford School of Public Policy, says the WellSpringboard concept aims to connect patients and their research ideas with researchers who can carry them out.

As the prototype moves closer to reality, Davis and his colleagues envision that members of the public and researchers will be able to create and upload brief videos showcasing their ideas or expertise.

JOBS act a win for startups and economy

by spike_mike_returns

(CNN) -- The Jumpstart our Business Startups, or JOBS Act, is a win for entrepreneurship as well as bipartisan politics, and given economic hardship, unemployment and political bickering, it's time for a win. Next step: Declare victory and unleash an economic winning streak.
On Thursday, President Barack Obama signed the JOBS Act with overwhelming bipartisan support. The bill makes it easier for startups to raise money, to stay private when they need to and to go public when the time is right. Overall, it promotes a pro-entrepreneurship agenda.The bill's "crowdfunding" provision is getting the most attention

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