What most people call research grants are nothing of the sort. They are development grants. The research already happened, and it was paid for by bootstrapped philanthropy.
Philanthropic organizations don't generally just hand out money to the person who makes the flashiest video.
Really? Is there a source for this?
If you sit down like a serious person and look at a well-defined question, like "where do drugs that end up being administered to patients start their existence?", you get
58% from pharmaceutical companies.
18% from biotech companies.
16% from universities, transferred to biotech.
8% from universities, transferred to pharma.
http://pipeline.corante.com/archives/2010/11/04/where_drugs_...
I'm very skeptical of that claim.
"I think there's been a Gresham's Law in science funding in this country, as the political people who are nimble in the art of writing government grants have gradually displaced the eccentric and idiosyncratic people who typically make the best scientists. The eccentric university professor is a species that is going extinct fast." - Peter Thiel [0]
[0]http://www.reddit.com/r/IAmA/comments/2g4g95/peter_thiel_tec...
I think it's correct to say that I am not going to crowdfund the entire drug development. Accordingly, that is not the plan. My vision is that the first stage (well second, really) is crowdfunded to show that there is broad interest in the idea in society, to raise some amount of funding outside of institutional granters, and achieve a productive result showing that indysci (and I) are not totally incompetent buffoons.
The completion of preclinicals (which typically ranges in the single-to-double-digit millions) would probably best come from institutional nonprofit granters, and running clinicals should come from the for-profit (probably generic) pharma that is seeking to capitalize on it. But I'm open-minded to other ideas.
But you and I both know that is not how drug development works. When you bring in a pharmaceutical company to fund the clinical trials (which are hugely risky) they will demand an upside. The upside will come if they (a) make a derivative molecule that they can patent (b) patent a use of the drug for an indication (c) package the molecule in a way that is patentable -- e.g. with an adjuvant.
The crowdsourcing page on Indysci reads as if the drug will eventually be cheap and readily accessible just because you have not applied for patent protection.
Another point: the indysci page misleads people about what drug patents means by comparing it to open-source software. As an academic researcher, you can work on ANY molecule, no matter its patent status, in an academic research setting. That means you can develop new uses for the molecule, make derivatives, etc. What you really mean is that patented drugs cannot be SOLD by anyone other than the manufacturer.
If my scientific bona fides are in question, you should check out my publication record. It's not in spectacular journals (which as a scientist would probably be as suspicious to me as a flashy video is to you), but, I've done spectroscopy on a metastable peptide, isolated and characterized an anticancer compound, and improved an enzyme fourfold with hand picked site directed mutagenesis. I'm no Linus Pauling, it's true, but I feel fairly accomplished.
I don't want scientific funding to go to most professors. Seriously, have you actually met those guys?
If so, I agree with you, If not, I see here a strong argument for crowd funded projects like that.
This does not go far enough, but it is a good start. It would be better if non-published research were also placed in the public domain, but this is logistically tricky for many reasons.