After failing to secure conventional funding to complete the analysis of the latest study on LSD, Nutt and colleagues at Imperial College London, are now attempting to raise £25,000 through the crowd-funding site Walacea.com.
As recently as 2011 Tory peer and sometime government "big society" adviser Nat Wei was predicting that the value of payment-by-results contracts to voluntary organisations could rise to £60bn a year, dwarfing any revenue lost through cuts in conventional funding.
Crowd-funding can also allow researchers to meet needs unmet by conventional funding sources.
He used the platform to fund preliminary tests on the project, before putting in a more conventional funding proposal to the federal government.
As you would expect in a deal like this, Kensho sees S&P Global providing it with financial resources it couldn't provide alone through conventional funding channels.
Collaboration between university and industry has long existed, but the rapid increase of global knowledge has increased the demand for strategic relationships that go beyond the conventional funding of research projects.
