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Finding sources of funding to search for life in the universe can be tricky, with only a few individual wealthy investors and limited opportunities for government research support. New fundraising ideas are needed in order to sustain the search for extraterrestrial intelligence (SETI) over the coming decades.

In a recent paper titled “Funding the search for extraterrestrial intelligence with a lottery bond,” published in Space Policy, I propose the establishment of a “SETI Lottery Bond” to help defray the costs of operating observing facilities like the Allen Telescope Array. The SETI Lottery Bond would provide a fixed-rate of interest that continues in perpetuity, until the first confirmed discovery of extraterrestrial intelligent life, at which point a subset of shares will be awarded a prize from a lottery pool. Investors can also trade their shares, so that SETI Lottery Bond shares may be passed between generations, teaching the value of intergenerational savings while maintaining hope for the discovery of extraterrestrial life.

Lottery-based savings products can only be offered by financial institutions with the legal authorization to engage in banking and gaming activities. I propose that one or more financial institution could realize a profit through the establishment and management of a SETI Lottery Bond, while simultaneously promoting individual savings habits and assisting the search for extraterrestrial intelligent life.