August 30th, 2013

Wisdom (and health) of the crowd: Portland’s Consano is changing the way medical research is funded with crowdfunding


Wisdom (and health) of the crowd: Portland’s Consano is changing the way medical research is funded with crowdfunding
The concept of crowdfunding has changed---or utterly disrupted---any number of industries. But what about healthcare? Can taking medical research funding to the crowd prove to be a viable means of changing the industry? Portland's Consano is convinced it can be. And people are starting to take notice. Like Fast Company.
After a conversation with friends at a Memorial Day barbecue in 2012, Lindquist came up with Consano, a crowd-funding platform for medical research. The site currently lists eight projects from three institutions--OHSU Knight Cancer Institute, in Oregon, University of California, San Francisco, and UW Medicine, in Seattle--and allows people to make donations directly to research endeavors. Like on Kickstarter, they also get feedback on progress.
"It's a great way to keep donors up to date, but in a very seamless and easy way, given that researchers are already super-crunched for time," she says. The scientists just have to enter a little summary of the work, and the site updates all the people who've given money.
For more, read the Fast Company Exist article or visit Consano.

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