Need for “passion capital” investors to crowdfund new cures

The 2013 Milken Institute Global Conference, held April 28 – May 1, brought together over 600 speakers.

The 2013 Milken Institute Global Conference, held April 28 – May 1, brought together over 600 speakers.

The future of bioscience funding, and the search for important new cures to serious diseases, requires a triad of investment that includes public funding, philanthropy-supported research, and passion-based crowdfunding, according to Gregory Simon, CEO of Poliwogg, an online platform that matches young companies with accredited investors.

Speaking this week on a Milken Global Conference panel, Financing the Future of Bioscience and Pharma, Simon asserted to his co-panelists that US healthcare innovation is stifled by a funding gap.

“Many emerging companies are viewed as too early stage for venture capital. Yet the drive for new cures – and the strength of the healthcare sector in the United States – relies on our ability to fund and nurture these companies from their inception,” said Simon. “Public funding and non-profit foundation support will play a crucial role at the earliest stage, but from there, healthcare and life sciences companies need a way to tap committed accredited investors who have a vested interest in seeing them succeed.”

Simon explained that one way to access this “passion capital” is through crowdfunding, to foster and encourage investment in a way that would not be possible through traditional venture financing. “Crowdfunding is a positive source of capital for these enterprises; it involves patient, high-net worth investors who are determined to support scientific advancement toward cures of specific illnesses.”

Bringing investors together for crowdfunding, via online portals, is now legal under the Jumpstart Our Business Startups (JOBS) Act, which passed Congress in April 2012 with bipartisan support. The JOBS Act allows accredited investors to participate directly in the private economy and crowdfunding. Once the SEC adopts portal funding rules and approves regulations, Poliwogg will go live with its online marketplace, which matches emerging privately held companies with individual accredited investors.

In addition to Simon, the Bioscience panel consisted of executives from the National Institutes of Health, the Leukemia and Lymphoma Society, Fidelity Investments, BVF Partners and FasterCures.

About Poliwogg
Based in New York, Poliwogg fosters and encourages capital formation through the use of crowdfunding and other internet-based methods. The company offers an online investment platform that enables accredited investors to have meaningful participation in early and mid-stage financing of new enterprises, particularly in healthcare and the life sciences, alternative/green energy, and community enterprise. For more information, visit Follow Poliwogg on Twitter @poliwoggpond, and on LinkedIn.

Media Contact: Patty Buchanan
Fastlane Communications for Poliwogg
(973) 670-1203 |

Poliwogg Contact: Gregory C. Simon, CEO Poliwogg
(212) 370-0535 | |

Source: – Fastlane Communications for Poliwogg


How Crowdfunding Has Changed the Startup GameSingularity HubCrowdfunding has become a multi-billion-dollar industry, funneling millions of dollars into thousands of projects. Technology in particular is one of the leading categories on popular fundraising platforms like Kickstarter an [...]

The GuardianCrowdfunding: the new buzzword for academics needing research moneyThe GuardianArchaeologist Dr David Petts, from Durham University, has also used crowdfunding, raising almost £25,000 to fund a project on Lindisfarne, off the Northumberland coast. The dig, in June, led to [...]

Airbitz, BitPay, and Wefunder leverage bitcoin and new US ...Brave New CoinEquity crowdfunding platform, Wefunder, recently started accepting bitcoin. On the same day, popular bitcoin mobile wallet provider Airbitz announced the ...Wefunder Launches 10 New Regulation Crowdfunding Offe [...]

CNNMoneyDorothy's fading red slippers saved by $300000 in crowdfundingCNNMoneyThe ruby red slippers worn by Judy Garland in the beloved 1939 film "The Wizard of Oz" are set to undergo a major conservation effort following a successful crowdfunding campaign. The Smithson [...]

Raise Money for Personal Bills on Crowdfunding SitesKiplinger Personal FinanceWhile crowdfunding is often associated with business start-ups, many people are finding it a fruitful way to raise money for personal needs. Sites such as YouCaring, GoGetFunding, GoFundMe and GiveForward ha [...]

Crowdfund InsiderReport: Title II Crowdfunding Data on Three Year Anniversary Tops $1.47 BillionCrowdfund InsiderFifty Dollars Money Grant Crowdnetic has published its annual Crowdwatch report on Title II investment crowdfunding as enacted under the JOBS Act of 2012. Title II, or Reg [...]

How The Fix Crowdfunding Act Continues To Help Improve The Success Rates Of Small BusinessesCBS LocalIn July of this year, Republican Patrick McHenry from North Carolina spearheaded two important bills. Both passed through the House in a landslide vote as part of The Fix Crowdfunding [...]

BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

City turns to crowd funding to help replace boardwalk over Flint RiverMLive.comFLUSHING, MI -- The city of Flushing has opened a crowdfunding campaign to replace a wooden boardwalk over the Flint River. The goal is to raise $50,000 in 60 days on Patronicity, a crowdfunding website, to [...]

AZCentral.comTiny companies lure investors under Arizona crowdfunding lawAZCentral.comInvestors who make bets under the state's one-year-old crowdfunding law certainly have the potential to get in on the ground floor, but they must be patient and might not receive any returns. Th [...]

CFB Finance

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |