I would like to think that the existing funding of research has mechanisms in place to fund the "best" types of research, which makes me ask why the need for crowd funding? It sounds cool initially but having seen some nonsense that was crowd funded I am not so sure.
http://physics.stackexchange.com/questions/39456/the-z-torqu...
The article talks about the research being patent free, but surely there are options available to fund research that allow this, or am I wrong?