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Crowdfunding Tackles Student Debt Crisis

For college hopefuls and college grads alike, the reality of higher education is growing remarkably dim. Tuition rises every year, employment opportunities aren’t improving, and student loan debt has surpassed the $1 trillion mile marker. As owner of NBA team the Dallas Mavericks and successful entrepreneur Mark Cuban noted on his blog, “We freak out about the trillions of dollars in debt our country faces. What about the trillion dollar plus debt college kids are facing?” More than 37 million Americans are burdened with student debt, and they’re falling more behind on their student loans than…

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New crowdfunding platform seeks to connect student entrepreneurs, alumni

UC Berkeley launched a new crowd-funding platform called AlumniFunder Wednesday that will give Berkeley student entrepreneurs a chance to capitalize on alumni connections to fund their projects. The idea for AlumniFunder, a crowd-funding platform that intends to connect students and alumni, emerged when Google Ventures denied Georgetown graduate and AlumniFunder creator Stephen Ryan Meyer the venture capital funds his startup needed. Meyer immediately began to look to crowd funding as an alternative, but instead of looking for a platform, Meyer began to make one. “I realized that if something like AlumniFunder existed, I would use it…

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Health Research Benefits from Crowdfunding

Ever the innovator, UCSF is using a new fundraising method to advance health sciences research. Crowdfunding, which aims to raise small amounts of money from many individuals online, has exploded in recent years, fueled by an exceedingly online society. Tuhin Sinha, associate director of strategic development in UCSF’s Office of Innovation, Technology and Alliances (OITA), took notice of the growing crowdfunding trend a few years ago and helped form a partnership with Indiegogo, a leading crowdfunding platform. “There are many projects that aren’t necessarily appropriate for a big NIH grant or anything that requires a lengthy…

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How To Fund Commercialization of University Research? Crowdfunding, of Course!

Perhaps it was just a matter of time – but here’s a new development in the funding of academic research and technology commercialization. The University of Utah’s Technology Commercialization Office (TCO)—#1 in the country for startups launched by research organizations for three of the last five years—has spun off more than 150 companies in the past seven years. Recently the U’s TCO has launched a program to help build even more value in the startups they spin out. The office has entered an exclusive agreement with crowdfunding platform RocketHub of New York. Their plan is to…

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