Science Exchange Announces New Director of Scientific Content, Gursatya “Guru” Singh

November 2, 2017 | Posted by Team in Press Release, Science Exchange News |

Guru Singh Science Exchange

PALO ALTO, CA, November 2, 2017Science Exchange, the world’s leading and most secure platform for outsourced research and development (R&D), announced today that Gursatya “Guru” Singh has joined the company’s management team as Director of Scientific Content.

“Adding Guru to our team is part of our ongoing commitment to strengthen the management team with industry experts who are dedicated to disrupting the traditional R&D outsourcing model,” said Elizabeth Iorns, Ph.D., CEO and co-founder of Science Exchange. “Guru’s experience in this industry will help us better inform the scientific community about the benefits of accessing innovation through the Science Exchange platform.”

Singh’s background includes experience as a laboratory researcher and entrepreneur, as he has helped launch several life science startups. This included a previous role where he developed scientific content to promote the innovative services and technologies of scientific service providers. Singh also has published several scientific papers.

A frequent blogger and thought leader in pharma and biotech outsourcing, Singh founded a Facebook group – Mysteries of Biotech – that has amassed nearly 5,000 followers. He holds a master’s degree in biotechnology from the University of Delaware and a bachelor’s degree in biotechnology from Sharda University in India.

“I am excited to join Science Exchange — the most trusted outsourcing platform for scientific products and services,” said Singh. “Science Exchange is a trailblazing company that is revolutionizing R&D outsourcing by helping companies around the world bring their innovations to market faster. I can’t think of a better place to be.”

QB3 Signs Partnership with Science Exchange

October 23, 2017 | Posted by Team in Company, Press Release, Science Exchange News |

Qb3 Partners With Science ExchangeBay Area Life Science Hub Enables its Startups to Stay Lean with Science Exchange’s R&D Platform

PALO ALTO, CA, October 23, 2017Science Exchange, a platform for outsourced research and development (R&D) services, today announced a partnership with QB3, the University of California hub for innovation and entrepreneurship for life sciences.

Through an exclusive Science Exchange-QB3 marketplace, QB3-affiliated companies will now have access to a customized and secure marketplace where they can instantly order R&D services from a network of more than 2,500 qualified scientific service providers. Science Exchange’s scientific concierge staff also will offer support to QB3’s start-up companies in identifying innovative providers and ordering complex R&D services.

“Science Exchange will help accelerate our companies by giving them access to providers that are experienced with entrepreneurial research and that have already been reviewed and qualified,” said Ioana Aanei, Ph.D., Entrepreneurship Program Manager at QB3. “Many of our startups don’t have the resources to purchase their own capital equipment or do the necessary specialized scientific research in-house.”

“Science Exchange is committed to helping life science companies bring innovative, potentially life-saving products to market,” said Elizabeth Iorns, Ph.D., Founder & CEO of Science Exchange. “While QB3’s companies focus on discovery, we can help eliminate the barriers, including the time and expertise needed to research and qualify contract research organizations (CROs) and scientific service providers. We also help save time and money in contract negotiation, all while ensuring the protection of intellectual property.”

QB3 joins more than 30 enterprise clients and entrepreneurial incubators that are efficiently managing their outsourced R&D with Science Exchange-powered marketplaces.

About QB3

QB3 is the University of California’s hub for innovation and entrepreneurship in the life sciences. The institute supports UC researchers and empowers Bay Area entrepreneurs to launch startup companies and partner with industry. QB3 helps bio-entrepreneurs create hundreds of high-value jobs and bring more than $750 million into the Bay Area each year. With campus divisions at Berkeley, San Francisco, and Santa Cruz, QB3 is also affiliated with the San Francisco incubator [email protected] — home to more than 45 companies — and the seed-stage venture capital firm Mission Bay Capital. Visit us at http://qb3.org/.

 

Science Exchange Raises $28M in Series C Funding

June 29, 2017 | Posted by Team in Company, Press Release, Science Exchange News |
Science Exchange Team

The Science Exchange Team

Funding led by Norwest Venture Partners with participation from Union Square Ventures, Maverick Capital and Collaborative Fund

Palo Alto, CA – June 29, 2017 As further evidence of its position as the world’s leading platform for outsourced research and development (R&D), Science Exchange today announced it has raised $28 million in Series C funding. Founded in response to the global growth in outsourced R&D services, the company has raised more than $58 million since its inception in 2011. Norwest Venture Partners led the latest round with participation from existing investors Union Square Ventures, Maverick Capital, and Collaborative Fund.

“In the last decade, outsourcing of R&D has become a core strategy for improving efficiency and providing access to innovation for top companies globally. Forty percent of R&D spend is now outsourced and this trend continues to grow,” explained Science Exchange CEO Elizabeth Iorns, Ph.D., a research scientist who co-founded the company. “At the same time, businesses are challenged to manage their outsourced R&D. They need to track progress and provider performance across what could be hundreds of service provider relationships, impacting the cost, quality and timeliness of research projects. The Science Exchange platform solves this by removing barriers in the outsourcing process – providing companies with instant access to a network of pre-qualified service providers, as well as contracting, project management and reporting tools.”

As part of the Series C, Casper de Clercq, General Partner at Norwest and veteran of the life sciences industry with more than 20 years of commercialization and operating experience, will join the company’s board.

“Science Exchange has developed an outsourcing platform that is enjoying tremendous momentum as many of the world’s largest pharma and biotech companies have signed up,” said Casper de Clercq, General Partner at Norwest. “They are well-positioned as the leader in a large and expanding market. We are excited to help Science Exchange become the world’s largest platform for outsourced R&D.”

“We’re thrilled to be partnering with such prestigious investors to help us grow our business at such a critical time in the evolution of R&D outsourcing,” commented Iorns. “This investor confidence confirms our business strategy and potential for continued growth.”

Through the Science Exchange platform, researchers have easy and secure access to more than 2,500 of the world’s premier outsourced R&D service providers — qualified contract research organizations (CROs), contract manufacturers (CMOs), academic labs, and government facilities. Thousands of scientists have used the platform to support their pursuit of breakthrough scientific discoveries, including those from 10 of the top 20 biopharma companies. In fact, the company has grown its enterprise-wide strategic sourcing agreements with leading pharmaceutical companies by more than 2,000 percent since 2015.

Science Exchange plans to use the funding to continue its expansion beyond biopharma into other industries where scientists are faced with R&D outsourcing challenges – including agricultural science, cosmetics, aerospace and industrial chemicals. The company will strategically hire across product, engineering, sales, marketing, and customer success.

About Science Exchange
Science Exchange is the world’s leading platform for outsourced research, providing an efficient procure-to-pay platform for ordering services from a network of more than 2,500 qualified scientific service providers, all with pre-established contracts in place that protect client intellectual property and confidentiality. The platform increases scientists’ access to innovation and improves productivity, freeing them up from the administrative tasks and delays associated with sourcing, establishing and managing service provider contracts. Additionally, the Science Exchange enterprise program enables organizations to consolidate research R&D outsourcing spend into a single strategic relationship, driving efficiency and cost savings. Since being founded in 2011, Science Exchange has raised more than $58 million from Norwest Venture Partners, Maverick Capital Ventures, Union Square Ventures, Collaborative Fund, Index Ventures, OATV, the YC Continuity Fund, and others. For more information, visit http://www.scienceexchange.com. Follow the company on Twitter @ScienceExchange.

About Norwest Venture Partners

Norwest Venture Partners is a leading Silicon-Valley based venture capital and growth equity investment firm managing more than $6 billion in capital. Since our inception, we have invested in more than 600 companies. The firm invests in early to late stage companies across a wide range of sectors with a focus on consumer, enterprise, and healthcare. We offer a deep network of connections, operating experience, and a wide range of impactful services to help CEOs and founders advance on their journey. Norwest has offices in Palo Alto and San Francisco, with subsidiaries in Mumbai and Bengaluru, India and Herzelia, Israel. For more information, please visit http://www.nvp.com. Follow Norwest on Twitter @NorwestVP.

# # #

Media Contacts

Kerry Metzdorf
Representing Science Exchange
[email protected]
978-463-2575

Ellie Javadi
Norwest Venture Partners
[email protected]
650-289-2227

 

Is your lab losing out on guaranteed revenue?

March 5, 2014 | Posted by Brianne Villano in Lab Admin Tools |

I’ve written recently about our impending redesign, and how Science Exchange is streamlining your lab’s workflow to make your experience more efficient. Now let’s talk about the impulse to be a part of Science Exchange in the first place.

We are growing every single day. In fact, each month continues to be our “best month ever” for orders and revenue through the site. We are actively recruiting the best labs in the country to be on our platform. The best part, however, is that we also get an increased amount of labs applying of their own accord on a daily basis.

The directors and sales teams realize that there has been a tipping point, and they’re actively losing out on revenue for their lab by not being on Science Exchange. 

The feedback we consistently receive from labs on the site includes:

  • Our billing process is incredibly swift.
  • Their reach has increased; they are working with researchers they wouldn’t otherwise had the opportunity to work with.
  • They are guaranteed payment within 30 days of order completion because Science Exchange pay labs directly.

Long story short: your expertise is valued and valuable on Science Exchange. Listing as a lab on Science Exchange enables you to reap the rewards from the thousands of researchers on the site looking for expert labs to perform their research.

If you’re already listed or plan to, make sure to pay it forward to colleagues that could no doubt benefit from the Science Exchange network.

Team

December 20, 2013 | Posted by Dan in Science Exchange News |
Science Exchange team (Dec 2013)

The Science Exchange team (December 2013)

When I did my last team related post, we had just finished a whirlwind of hiring that expanded the Science Exchange team to nine stellar and diverse “athletes” (in the Jason Freedman sense of the word). Well, I’m proud to share that the team has continued to grow. Over the last six months, we’ve been fortunate enough to find one perfect candidate after another.

So, without further ado, meet the newest additions to the team:

  • Conria D’Souza is the first Canadian to join the Science Exchange team. She is a perfect combination of social and scientific… making her an amazing fit for our Customer Development Manager position. Before she joined Science Exchange, she devoured everything that was ever written about us and maybe knew us better than we knew ourselves. After joining the team we discovered that Conria is also an amazing graphic artist… bonus! Read the rest of this entry »

About Science Exchange

We are transforming scientific collaboration by creating a marketplace where scientists can order experiments from the world's top labs.

Check the Science Exchange blog for updates, opinions, guest posts and the latest happenings at Science Exchange HQ!

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