U. of Virginia Teams Up With ‘Crowdfunding’ Site to Finance Research - Allie Bidwell, Chronicle of Higher Ed

The University of Virginia announced this week the creation of a university “crowdfunding” portal designed to enable alumni and other donors to support research projects. The university is one of the first to start such a fund-raising effort through a partnership with a crowdfunding start-up company. UVa is teaming up with Useed, a company focused on promoting fund raising in higher education by soliciting donations for university research projects or student-proposed entrepreneurial projects. Crowdfunding Web sites, such as Kickstarter and Indiegogo, have become popular among individual students and researchers who want to raise money for specific projects or simply to finance their education. And now some universities are also jumping on the bandwagon to promote crowdfunding opportunities on a larger scale. http://chronicle.com/blogs/bottomline/u-of-virginia-teams-up-with-crowdfunding-site-to-finance-research/