Waste in Global Research Spending
Grant-based funding structures erode scientific return on investment
Grants are funded by governments or corporations. These entities have political or financial motivations that cause a conflict-of-interest impacting the validity of research.
Scientific journals are a pre-internet institution. Modern technology has replaced their distribution channels and can facilitate faster, more efficient, and more productive criticism.
Crowd-Sourced Scientific Method
Co-Lab hosts a forum designed to reduce research to its essence, the scientific method. Users can observe, question, hypothesize, experiment, conclude, and criticize.
Experimental Free Market
Co-Lab hosts an open database of experiments to be cited by observations, questions, etc... Co-Lab incentivizes competing labs to replicate experiments in order to ensure validity.
Help keep Co-Lab Conflict-of-Interest free
How Does Co-Lab Make Money?
1. Increases return on investment to attract donors
2. Reduces administrative costs to make a profit
Efficiency of Global Research Spending, as estimated by the Lancet in 2014.
The amount of scientific research spending wasted globally, estimated by the same study (Chalmers and Glasziou, 2009).
$373M = 5%
NSF Administrative Budget*
Co-Lab's Administrative Fee. Co-Lab will drastically increase donor's returns on their scientific investment.