Health

Fitness ideas get financial muscle

Bonnie Jo Mount/The Washington Post -  Ryon Lane wanted to run to yoga class, but a rolled-up mat flopping around for three miles wasn’t what he pictured, so he developed the YogoMat, which folds up to fit in a backpack.

Ryon Lane wanted to run to yoga class. There was just one problem with that plan: his mat. A three-mile jog from Capitol Hill to Dupont Circle with a rolled-up piece of rubber resting on his shoulder wasn’t particularly appealing. So the lawyer hopped online to shop for a mat he could fold up and stash in a backpack. Lane couldn’t find one, which is why people searching for a similar product today are stumbling across his Kickstarter campaign for the YogoMat. The lightweight design — with attached straps that…

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Malecare Launches Cancer Research Crowdfunding Website, Start A Cure

Start a Cure

Start A Cure is the world’s first patient focused research funding platform to be entirely directed at cancer. Start A Cure launched on March 25, 2003 with a call to action to a small portion of our cancer researcher contacts to upload projects for funding and launches out of beta on June 1, 2013. Start A Cure is the crowdfunding for cancer research project created by the national patient advocacy nonprofit, Malecare. Founded in 1998, Malecare has grown to become America’s largest men’s cancer support and advocacy national nonprofit corporation.…

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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 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…

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Medical Care, Aided by the Crowd

jimwilson/nytimes

TWO years ago, Chase Adam, a Peace Corps volunteer in Costa Rica, was riding a bus through a town called Watsi, when a woman got on board asking for money. Her son, she said, needed medical attention and she couldn’t pay for it. As the woman walked through the bus, she showed people a copy of her son’s medical record. Mr. Adam, who is now 26, noticed that nearly everyone donated money. Watsi raised money for Chenda, top, a 1-year-old boy in Cambodia, who badly burned his hand. Nuro, 11,…

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HealthCare: When Crowdfunding Is A Matter Of Life And Death

healthcare

When Matt Fahey, a cameraman for Deadliest Catch, was diagnosed with colon cancer last November, he didn’t have health insurance. He nonetheless went through with surgery and got stuck with a $51,000 bill. Facing six months of follow-up treatments and a six-figure total cost, bankruptcy seemed almost inevitable. Instead, his cousin, Chuck Horton, a former professional fundraiser-turned-software-entrepreneur, stepped in and set up a Rally.org campaign called “Dumb Ass Cancer” to help pay for Fahey’s treatment. “We wanted something up and running quicker than a traditional fundraiser,” says Horton. “Matt has…

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