Elizabeth Iorns (Science Exchange) - Research 2.0 presentation
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Science Exchange is an online marketplace that connects scientists seeking specialized research services with providers that can perform those services. It allows over 1,000 providers from over 400 research institutions to list over 1,100 experiment types. Researchers can search for services, get quotes, and easily pay providers. This marketplace aims to increase access to expertise, save researchers time and money, and improve transparency around the costs of scientific experiments.
Elizabeth Iorns (Science Exchange) - Research 2.0 presentation
- 1. The marketplace for scienti鍖c experiments Elizabeth Iorns Co-Founder & CEO elizabeth@scienceexchange.com @elizabethiorns /ScienceExchange
- 2. INTRO 2
- 3. WHAT IS SCIENCE EXCHANGE? Science Exchange is a marketplace for scientists to list, discover, access and pay for scienti鍖c services from any institution in the world. COMPANY VITALS COMPANY METRICS Inception: May 2011 1100+ experiment types Headquarters: Palo Alto, CA 1,000+ providers Investors: Andreessen Horowitz, angel investors 35,000+ researchers 3
- 4. WHAT IS SCIENCE EXCHANGE? Science Exchange makes it easy for researchers to connect with specialist contract research providers DEMAND SIDE SUPPLY SIDE 1.4 million 15,000 US Researchers US Contract Research Providers RESEARCHER VALUE PROPOSITION PROVIDER VALUE PROPOSITION Access to 1000s of research providers Access to new business Save time and money => get more Platform to market services & build research done reputation Easy payment for services Management, billing and reporting tools 4
- 5. WHAT IS SCIENCE EXCHANGE? Science Exchange provides open access to specialized research infrastructure and expertise at top research institutions Currently 1,000+ providers from 400+ US research institutions Sample facilities 5
- 6. HOW SCIENCE EXCHANGE WORKS 1. Search for an experiment type. Search for a scienti鍖c service, by experiment type. 1100+ different services currently listed. 6
- 7. HOW SCIENCE EXCHANGE WORKS 2. Choose a service provider. Compare service offerings from 1000+ core facilities and CROs. Pricing information and ability to 鍖lter by location is provided. 7
- 8. HOW SCIENCE EXCHANGE WORKS 3. Submit a service request. Request an estimate from your chosen facility. 8
- 9. HOW SCIENCE EXCHANGE WORKS 4. Accept a service quote. Get noti鍖ed of service offerings via email, and our online system. Accept an estimate from your chosen provider. 9
- 10. HOW SCIENCE EXCHANGE WORKS 5. Communicate with your provider. Receive updates, ask questions, exchange data. 10
- 11. HOW SCIENCE EXCHANGE WORKS 6. Easily pay for services. Easy payment via Science Exchange. We accept credit cards and are an approved vendor within university purchasing systems. 11
- 12. SCIENCE EXCHANGE Providing ef鍖cient access to the worlds scienti鍖c expertise 12
- 13. SCIENCE EXCHANGE BENEFITS Do research in parallel. Focusing on the stuff you do Speed well + using experts for the other stuff = Getting more research done. Use specialists for specialized research. Most Quality techniques have a steep learning curve. No one can be a master of all techniques. Take advantage of economies of scale. Even Cost without taking account of your time, experts can do specialized experiments more cheaply due to economies of scale 13
- 14. 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 14
- 15. WHAT IS RESEARCH? DISCOVERY REPUTATION COLLABORATION RESEARCH COMMUNICATION FUNDING 15
- 16. WHAT IS RESEARCH 2.0? DISCOVERY 2.0 REPUTATION COLLABORATION 2.0 2.0 RESEARCH 2.0 COMMUNICATION FUNDING 2.0 2.0 16
- 17. SCIENCE EXCHANGE & RESEARCH 2.0 Discovery 2.0 and Collaboration 2.0 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 ef鍖cient: 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 17
- 18. SCIENCE EXCHANGE & RESEARCH 2.0 Providing access to previously hidden resources 18
- 19. SCIENCE EXCHANGE & RESEARCH 2.0 Providing transparency about the cost of research $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 SNP Array for GWAS NGS library generation NGS paired end HiSeq 2000 Sanger DNA sequencing Illumina microarray A鍖ymetrix microarray Bioinformatics IHC of tissue sections Transgenic mouse production 19
- 20. SCIENCE EXCHANGE & RESEARCH 2.0 Saving researchers money BY USING SCIENCE EXCHANGE WE WERE ABLE TO SAVE HALF THE COST ON THIS PARTICULAR TYPE OF EXPERIMENT 20
- 21. SCIENCE EXCHANGE & RESEARCH 2.0 Funding 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) Reputation 2.0 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) Communication 2.0 How can we shorten the communication cycle? Make it easier for researchers to publish (e.g. integration with 鍖gshare) 21
- 22. WHAT IS RESEARCH 2.0? DISCOVERY 2.0 REPUTATION COLLABORATION 2.0 2.0 RESEARCH 2.0 COMMUNICATION FUNDING 2.0 2.0 22
- 23. THANKS! Please feel free to reach out: elizabeth@scienceexchange.com @elizabethiorns /ScienceExchange 23