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The marketplace for scientific experiments
Elizabeth Iorns Co-Founder & CEOelizabeth@scienceexchange.com
@elizabethiorns /ScienceExchange
INTRO
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WHAT IS SCIENCE EXCHANGE?
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COMPANY VITALSInception: May 2011Headquarters: Palo Alto, CAInvestors: Andreessen Horowitz, angel investors
COMPANY METRICS1100+ experiment types1,000+ providers35,000+ researchers
Science Exchange is a marketplace for scientists to list, discover, access and pay for scientific services from any institution in the world.
WHAT IS SCIENCE EXCHANGE?
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RESEARCHER VALUE PROPOSITION• Access to 1000s of research providers• Save time and money => get more
research done• Easy payment for services
PROVIDER VALUE PROPOSITION• Access to new business• Platform to market services & build
reputation• Management, billing and reporting tools
Science Exchange makes it easy for researchers to connect with specialist contract research providers
DEMAND SIDE SUPPLY SIDE
1.4 million US Researchers
15,000US Contract
Research Providers
WHAT IS SCIENCE EXCHANGE?
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Science Exchange provides open access to specialized research infrastructure and expertise at top research institutions Currently 1,000+ providers from 400+ US research institutions
Samplefacilities
1. Search for an experiment type.• Search for a scientific service, by experiment type.
• 1100+ different services currently listed.
HOW SCIENCE EXCHANGE WORKS
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2. Choose a service provider.• Compare service offerings from 1000+ core facilities and CROs.
• Pricing information and ability to filter by location is provided.
HOW SCIENCE EXCHANGE WORKS
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3. Submit a service request.• Request an estimate from your chosen facility.
HOW SCIENCE EXCHANGE WORKS
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4. Accept a service quote.• Get notified of service offerings via email, and our online system.
• Accept an estimate from your chosen provider.
HOW SCIENCE EXCHANGE WORKS
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5. Communicate with your provider.• Receive updates, ask questions, exchange data.
HOW SCIENCE EXCHANGE WORKS
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6. Easily pay for services. • Easy payment via Science Exchange.
• We accept credit cards and are an approved vendor within university purchasing systems.
HOW SCIENCE EXCHANGE WORKS
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SCIENCE EXCHANGE
Providing efficient access to the world’s scientific expertise
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SCIENCE EXCHANGE BENEFITS
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Do research in parallel. Focusing on the stuff you do well + using experts for the other stuff = Getting more research done.
Speed
Use specialists for specialized research. Most techniques have a steep learning curve. No one can be a master of all techniques.
Quality
Take advantage of economies of scale. Even without taking account of your time, experts can do specialized experiments more cheaply due to economies of scale
Cost
SCIENTIFIC COMMUNITY SUPPORT
It could transform the current very inefficient use of funds and dramatically change the way in
which scientists do research. --Nature News
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WHAT IS RESEARCH?
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REPUTATION COLLABORATION
DISCOVERY
FUNDINGCOMMUNICATION
RESEARCH
WHAT IS RESEARCH 2.0?
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REPUTATION2.0
COLLABORATION2.0
DISCOVERY2.0
FUNDING2.0
COMMUNICATION2.0
RESEARCH2.0
SCIENCE EXCHANGE & RESEARCH 2.0
Discovery 2.0 and Collaboration 2.0
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• Discovery and collaboration becoming even more intertwined due to specialization. • no single scientist can master all techniques or purchase all
equipment• no single university can provide all core facilities
• Discovery 2.0 will be more efficient:• Greater transparency about cost (e.g. P212121)• Greater access to expertise will lead to more collaboration
• No requirement to purchase duplicate equipment • No need to learn highly specialized one-off techniques
SCIENCE EXCHANGE & RESEARCH 2.0
Providing access to previously hidden resources
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SCIENCE EXCHANGE & RESEARCH 2.0
Providing transparency about the cost of research
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SNP Array for GWAS
NGS library generation
NGS paired end HiSeq 2000
Sanger DNA sequencing
Illumina microarray
Affymetrix microarray
Bioinformatics
IHC of tissue sections
Transgenic mouse production
$500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000
SCIENCE EXCHANGE & RESEARCH 2.0
Saving researchers money
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WERE ABLE TO SAVE HALF THE COST ON THIS
“BY USING SCIENCE EXCHANGE WE
PARTICULAR TYPE OF EXPERIMENT”
SCIENCE EXCHANGE & RESEARCH 2.0
Funding 2.0
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Reputation 2.0
Communication 2.0
• How can we improve access to research funding? • Support alternative models of funding e.g. Crowdfunding (e.g.
Microryza); Bootstrapping (e.g. Tom Voss at Tulane University)
• How can we measure true impact? • Develop alternative metrics to researchers (e.g. Mendeley stats, Total
Impact score) and providers (e.g. Science Exchange reputation)
• How can we shorten the communication cycle? • Make it easier for researchers to “publish” (e.g. integration with
figshare)
WHAT IS RESEARCH 2.0?
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REPUTATION2.0
COLLABORATION2.0
DISCOVERY2.0
FUNDING2.0
COMMUNICATION2.0
RESEARCH2.0
THANKS!
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Please feel free to reach out: elizabeth@scienceexchange.com
@elizabethiorns/ScienceExchange
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