Figures for the amount raised for EU biotechs since 2010 suggest although crowdfunding is considered a massive springboard for small startups, in reality, it has a much more limited range of use. Perhaps we have too high an ambition for crowdfunding as a financial tool for biotech?
Crowdfunding is in the general media so often these days that you don’t have to come from a business or industry background to have a decent conversation about it. Famous crowdfunding platforms such as Kickstarter have famously been used to fire up productions for movies to prototypes for gadgets such as the Pebble Watch to be produced.
It wasn’t long before the application for crowdfunding Biotech companies arrived on the horizon. So it seems its popularity is on the rise as well – with up to 18 platforms being identified as the most applicable to the biosciences sector (read more of our in-depth review here), most of which work on an equity basis.