Went to a very interesting event last night at a super trendy "house-office" in San Francisco with a killer view (Fifty Years Venture Capital - thanks to the team for hosting!)
The night's theme centered on Decentralized Science (#DeSci). The aim of DeSci is to establish a system that funds and rewards scientists globally, irrespective of their institutional affiliations. DeSci is working on a system where good ideas can thrive by decentralizing access to funding, scientific resources, and communication channels[1].
Democratizing science is not a new concept. So how is DeSci actually pulling this off?
It helps to zoom into a couple of companies in this space to get an idea: Molecule AG and BioCrowd.IO
Despite some differences, the overarching concept remains consistent:
Molecule and BioCrowd are establishing a way for funders (professional and retail) to fund researchers.
They streamline the process by assisting with contracts, sponsored research agreements, and patent licenses.
Ultimate goal is to expedite translational research (bridging "the valley of death") by offering researchers easier access to capital and simplifying the investment process for funders.
Let me know if you are interested in a deeper dive 🙌