Elizabeth Iorns (Science Exchange) - Research 2.0 presentation

The marketplace for scientific experiments

Elizabeth Iorns Co-Founder & [email protected]

@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: [email protected]

@elizabethiorns/ScienceExchange