Over the past decade, donation-based crowdfunding has played a reasonably prominent role in helping to fund technological development, writes Harriet Green in City AM. Although research and development projects don’t turn to crowdfunding at the moment, this could change over next few years, according to Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge. “R&D doesn’t work well for banks – they’re giving money based on financial ratios, provable numbers. R&D is, by its very nature, nebulous and intangible. If you can’t get funded on the open market, crowdfunding enables you to raise money from an equity market without going public,” he said.
Read the full article [cityam.com]