FoldIt creator wins Bill Gates nod for science crowdfunding site

Microsoft ($MSFT) Chairman Bill Gates saluted a new crowdfunding platform site called Microryza, which has started funneling cash to dozens of high-risk scientific research programs, including a number of drug research efforts that would otherwise never see the light of day. Microryza's co-founder, Cindy Wu, came up with the idea of a Kickstarter-type site for science projects after finding out she had no hope of getting a grant from the NIH to support her work on an anthrax treatment. Wu discovered the therapeutic while playing the online protein-puzzle game FoldIt, which she helped create as a student at the University of Washington, according to TechCrunch. She ended up getting the anthrax study after pitching it at a lab meeting but wanted to do something for the many other drug researchers in the same beached boat. "I was so lucky," Wu told TechCrunch last month. "But I realized there are so many other undergraduates, graduate students and faculty members that would never be able to get funding," she said. "I talked to 100 different scientists and found that all of them had high-risk ideas, but they never wrote proposals because they didn't think it would go through." Article

Suggested Articles

The new solution aims to streamline the incorporation of human genomic data into clinical trial designs.

TriNetX's platform uses EHR data to help drug developers with clinical trial protocol design and study site and participant identification.

The $58 million financing round represents biopharma industry's growing interest in genomics data.