Tapping Into Decentralized Science Funding Opportunities for Your Projects (Part One)
It’s great that you’ve allowed us to take you through the journey of understanding Decentralized Science (DeSci). However, it’s not just about understanding DeSci, you need to also know how to tap into opportunities in the space.
Today, we’ll be focused on the major part that most researchers are usually interested in; the funding opportunities in the DeSci space. We’ll be discussing two major platforms and how to benefit from their funding opportunities so don’t skip any part unless you might miss out on important information.
VitaDAO
VitaDAO is focused on research projects for the longevity space and the extension of the human life span. It uses a combination of Decentralized Autonomous Organizations (DAOs), Non-Fungible Tokens (NFTs), and Algorithmic Automated Market Makers (AMMs) all on the Ethereum network to democratize research.
VitaDAO wants to solve the existing problem of monopolizing commercial value from intellectual property (IP) owners and sellers. These IP owners and sellers especially most big pharma companies tend to hold back some information from their research because they still want to be able to benefit from funding opportunities alone causing non-reproducibility and preventing collaboration with other researchers. This problem is one of the major things that has been hindering progress in science.
So how do VitaDAO intend to solve this problem?
Individuals can manage their research and IP portfolios, and monetize his/her data repositories without the intervention of a centralized agent. They can do this using the VITA tokens that can be earned either through contributions of funds or through contributions of works, research data, IP assets, or IP services to VitaDAO. Having these tokens automatically gives one the right to participate in the governance of VitaDAO where individuals can choose to participate in which IP receives funds, how projects receive funds, the VItaDAO government and treasury management.
Who can benefit from VitaDAO?
Anyone that’s working on or wants to work on a research project that is targeted at the ageing process or age-related diseases. So even though you’re a student and you meet this criterion, you can join the VitaDAO community.
How can one apply to get one’s research project funded by VitaDAO?
- Fill out the form at the bottom of this website to submit a project application.
- The senior reviewers will provide you with feedback. They will help you to polish the project to meet the industry standards for research and development.
- Submit a final application and wait for the VitaDAO community to vote for your project to be funded or not. This voting process usually takes less than one month.
- If your project was voted to be funded, fundraising will begin.
Now that you know how to benefit from the VitaDAO community, let’s quickly go over to Athena DAO.
Athena DAO
Athena DAO is specialized in funding research projects that advance women’s health. However, the community also funds some projects outside of women’s health but this project has to be extraordinary.
Who can benefit from Athena DAO?
There’s no exception to the status of the individuals that can benefit from Athena DAO provided the individual’s research project meets the requirements of women’s health. These are mostly focused on ovarian and reproductive ageing, polycystic ovarian syndrome & uterine fibroids and endometriosis.
How can one apply to get one’s research project funded by Athena DAO?
- Fill out the form on this website to submit a project application.
- The internal team will carry out a preliminary assessment and contact you if additional information is required.
- A panel of senior scientists will then assess the project.
- If the projects are approved, they will negotiate the deal terms with you.
- Depending on the project, the funding could be in full or paid by milestones.
- When funding is completed, they will ask for quarterly updates on the projects.
If you’ve read this article to this stage, then you’ve just understood how to get your research projects funded and you don’t need to worry about how it is done anymore. So brainstorm that research project idea and get your applications rolling to any of these communities.
We wish you the best of luck!
