Science Exchange

Science Exchange is a marketplace for scientific collaboration, where researchers can order experiments from the world's best labs. Their mission is to improve the quality and efficiency of scientific research by using market-based incentives to promote collaboration between scientists.



about the company

Founders

Dan Knox is one of the founders of Science Exchange, an online marketplace for science experiments. Prior to founding Science Exchange, Dan was Head of Operations at DailyMe, a pioneer in the field of dynamic personalization and predictive content and commerce presentation. Before joining DailyMe, Dan was Head of Economic Analysis within in the Strategy team at a leading commercial television network in the U.K., and a Senior Economist in the Media & Communications group of a global expert services consulting firm. Dan was part of the inaugural Executive MBA class at MIT Sloan School of Management. He also has a Master's degree and a Bachelor's degree in Economics, a Law degree and the Chartered Financial Analyst (CFA) qualification.

Elizabeth Jane Iorns is a New Zealand scientist, entrepreneur and researcher, and the founder and CEO of Science Exchange, a Silicon Valley startup which operates a platform to allow scientists to outsource their research to scientific institutions such as university facilities or commercial contract research organizations. Science Exchange has received considerable media attention since it first launched in August 2011, particularly following its participation in the Y Combinator incubator program in Summer 2011 and its role in launching the Reproducibility Initiative in Summer 2012. Iorns has been profiled in many leading publications including Nature, FastCompany, the San Francisco Business Times and Xconomy. Iorns lives in Palo Alto, California, where Science Exchange is now headquartered

Science Exchange in the press

Sept. 11, 2017

Science Exchange Releases Latest Version of Enterprise Dynamic Report Tool

Printed From BioPortfolio.comScience Exchange Releases Latest Version of Enterprise Dynamic Report ToolLatest release gives enterprise clients access to real-time data to improve reporting and decision-making for outsourced R&D investmentsDemonstrating the company’s commitment to support its clients’ growth plans by optimizing data aggregation and business intelligence, Science Exchange, the world’s leading and most secure platform for outsourced research and development (R&D), recently released the latest version of its enterprise dynamic report tool. "The Science Exchange enterprise dynamic report gives me the ability to tease out diverse suppliers and export spend data. “With this dynamic reporting tool, our enterprise clients are able to gain a whole new understanding of category-specific purchasing behaviors within their organizations. 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. View source version on businesswire.com: http://www.businesswire.com/news/home/20170911005065/en/Big Swing CommunicationsKerry Metzdorf, [email protected] From BioPortfolio on "Science Exchange Releases Latest Version of Enterprise Dynamic Report Tool"

Aug. 16, 2017

Founders of Science Exchange, Goldbely, and The Flex Company Discuss Fundraising

The founders are Elizabeth Iorns of Science Exchange, Vanessa Torrivilla of Goldbely, and Erica Jensen of The Flex Company. Then, those will give you sort of benchmarks for where you need to be when you’re going to each raise a round of fundraising. Like I said, ask them what they’re looking for and put that together for the people that you really, really want on your cap table. Then, if it’s just three co-founders and two of you are fundraising, you’re going to have a dip in your metrics, because you’re doing nothing else except fundraising. You feel that if you work 24/7, you’re going to be better and you’re going to help your company take off.

July 10, 2017

Science Exchange to offer biotech startups access to outsourced R&D platform

The partnership will give IndieBio-backed startups access to Science Exchange’s network of more than 2,500 R&D service providers, which includes renowned research institutions and major CROs like Covance, Charles River and WuXi AppTec. This will potentially help “level the playing field” for these fledgling companies with established industry leaders, said Science Exchange in a release. Science Exchange's in-house audit team also inspects on contracted service providers to make sure that they’re in compliance. Besides, Science Exchange also have a team of scientists to help companies straighten out complex projects. Science Exchange manages a company’s ongoing outsourced R&D activities on the platform through a central system, and when milestones are complete, it can take care of billing and payment, Iorns explained.

July 5, 2017

Science Exchange raises $28M series C; plots growth

California-based outsourced research services provider Science Exchange has raised $28 million in its third funding round. As part of the series C, Casper de Clercq, general partner at Norwest and life sciences vet, joined the company’s board. Science Exchange said in a statement that it plans to use the funding to “continue its expansion” and hire across product, engineering, sales, marketing, and other areas. “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,” added de Clercq. We are excited to help Science Exchange become the world's largest platform for outsourced R&D.”

June 30, 2017

As Big Pharma Flocks to Science Exchange, Norwest Leads $28M Funding

As Big Pharma Flocks to Science Exchange, Norwest Leads $28M FundingXconomy San Francisco —Some biology PhD’s become entrepreneurs because there are only so many posts around for university professors. Palo Alto, CA -based Science Exchange just scored $28 million in a Series C funding round led by new investor Norwest Venture Partners. Science Exchange charges a fee of about 5 percent per transaction. Iorns started by using Science Exchange to connect those parties so researchers could outsource some of their work. “Any new category can be added to Science Exchange very quickly,” Iorns says.

June 30, 2017

Term Sheet -- Tuesday, June 27

ET CETERANew Money: Headspace, a Los Angeles-based maker of a meditation app, has raised $36.7 million in funding from Spectrum Equity. Alongside the layoffs came accusations of “cultural woes,” according to Fast Company , which Pierson says is a part of the company growing up. “I feel like we have cracked the hardest thing, which is that we’ve got people to pay for our content,” Pierson says. “I think they’re real company builders,” he says. Lacy is correct: Sources tell Term Sheet that Lightspeed gave a Caldbeck a positive review to potential limited partners in Binary Capital.

June 30, 2017

As Big Pharma Flocks to Science Exchange, Norwest Leads $28M Funding

As Big Pharma Flocks to Science Exchange, Norwest Leads $28M FundingXconomy San Francisco —Some biology PhD’s become entrepreneurs because there are only so many posts around for university professors. Palo Alto, CA -based Science Exchange just scored $28 million in a Series C funding round led by new investor Norwest Venture Partners. Science Exchange charges a fee of about 5 percent per transaction. Iorns started by using Science Exchange to connect those parties so researchers could outsource some of their work. “Any new category can be added to Science Exchange very quickly,” Iorns says.

June 30, 2017

Science Exchange Raises $28M in Series C Funding

Science Exchange, a Palo Alto, CA-based platform for outsourced research and development (R&D), raised $28m in Series C funding. The round was led by Norwest Venture Partners with participation from existing investors Union Square Ventures, Maverick Capital, and Collaborative Fund. As part of the Series C, Casper de Clercq, General Partner at Norwest, will join the company’s board. Led by CEO Elizabeth Iorns, Ph.D., Science Exchange allows researchers to 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. Additionally, the Science Exchange enterprise program enables organizations to consolidate research R&D outsourcing spend.

June 29, 2017

Norwest leads $28 mln funding in Science Exchange

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March 31, 2017

Caveat Subscriptor When Academia Touts A Breakthrough | LifeSciVC

Independent data from both the Atlas and CMS detectors were cited as scientists pinned the probability of the particle’s existence at greater than 999 in 1,000. However, further data showed that this particle did not actually exist, and the “discovery” was promply re-named “Oops-Leon” (2). We read the latest peer reviewed articles in such journals as Cell, Science, and Nature, looking for the next breakthrough. After spending more than a year working on the project trying to replicate the data, we were unable to validate the conclusion of the original paper. As we began that process a pharma company published its own paper, refuting the original paper and reflecting the data we had generated.

Feb. 16, 2017

2017 YC Annual Letter

Dear YC Community:In response to a comment on Hacker News, I’m going to try writing an annual letter to the YC community with an update on our progress. Rappi, Wave, and Strikingly are some of the many YC companies succeeding on other continents. While at YC, founders get access to a range of resources, advice, connections, and special deals. Soon it became a hub for everyone interested in YC and startups YC was funding. YC and HN grew up together, and many YC founders started as HN users.

Jan. 18, 2016

Science Being Studied: Replication, Publication, And Resource Allocation

:IDH1/IDH2 : Three papers (Figueroa et al 2010, Ward et al 2010, Li et al 2012) address these targets and the role of mutations in cancer metabolism. This target is being addressed by many research teams, and is Agios’ lead program in Phase 1.: Three papers (Figueroa et al 2010, Ward et al 2010, Li et al 2012) address these targets and the role of mutations in cancer metabolism. (Zuber et al 2011, Delmore et al 2011): Bromodomains have become very hot targets in industry, and several epigenetic-focused firms are attacking this one, including Tensha Therapeutics, GSK’s Epinova DPU, and many others. : This miR has been implicated as a tumor suppressor (Liu et al 2011), and a mimic of this is in Phase 1 for Mirna Therapeutics. : CPPs coadministered with chemo apparently enhance their effectiveness (Sugahara et al 2010); this is the founding IP of a biotech called CendR Inc out of the Burnham.

Feb. 27, 2015

Scientists Are Wrong All the Time, and That’s Fantastic

Wakefield is maybe the most prominent modern scientist who got it wrong—majorly wrong, dangerously wrong, barred-from-medical-practice wrong. Others, like the Journal of Negative Results in BioMedicine, are devoted to publishing only negative results. The problem with science isn’t that scientists can be wrong: It’s that when they’re proven wrong, it’s way too hard for people to find out. But scientists are wrong all the time, in far more innocuous ways. “All of the incentives in science are aligned against publishing negative results or failures to replicate,” says Oransky.

April 14, 2014

Y Combinator Adds Four New Partners, Including Stripe CEO Patrick Collison

Collison, Iorns, and Sagalov are all Y Combinator alums. The new additions come less than a month after Y Combinator added YC alums Justin Kan and Aaron Harris to its roster of partners. Y Combinator is announcing today the addition of four new partners to its roster, as part of its larger push for more growth under new president Sam Altman. Altman announced in a blog post this afternoon that YC’s current outreach director Kat Manalac has been promoted to take on a partner position at the organization, and joining YC as part-time partners are Stripe CEO Patrick Collison, Science Exchange CEO Elizabeth Iorns, and AeroFS CEO Yuri Sagalov. We could probably grow by 10x in our current form.”We’ll be able to hear more about Y Combinator’s growth strategy next month, when Sam Altman joins us for an on-stage discussion at Disrupt NY.

March 12, 2014

Science Exchange built to help researchers find experts and cut costs

Elizabeth Iorns, co-founder and CEO of Science Exchange, created an online marketplace for researchers to solve her own problem. The cross-continental teams were able to communicate through the Science Exchange portal to easily share updates and data. As research continues to become more specialized and multidisciplinary, the need for the scientific collaborations created by Science Exchange will grow. Once estimates are received, researchers can communicate directly with providers via the Science Exchange platform and collaborations begin with a simple click of a button. Through Science Exchange, they were able to complete the project in two months with a $3,000 budget.

March 10, 2014

YC-Funded Science Exchange: A Central Marketplace For Core Research Facilities

For now, they’re sticking with the core facilities. So, instead, scientists submit their experiments to the Core Facility, where they’re carried out by resource scientists (scientists who exclusively perform these ‘outsourced’ experiments, and aren’t conducting their own research). Average experiment prices are around $5,000 — and despite the commission universities oftentimes save money, because they can find core facilities with lower fees. Of course, not every core facility has every piece of machinery. And Iorns says that when a researcher wants to use equipment that’s housed elsewhere, the logistics involved can be painful.

May 24, 2013

Gigaom Steering clear of the iceberg: three ways we can fix the data-credibility crisis in science

As of yet there is no working group for data integrity, but it is within RDA’s scope, says Berman. AdvertisementThe three-pronged approach — better auditing, preservation and visualization — will help steer science away from the iceberg of unreliable data. AdvertisementThe Initiative will leverage Science Exchange’s network of outside labs and contract research organizations to do what its name says: try to reproduce published scientific studies. After all, says Berman, you’re careful around strangers in real life, so why jump into bed with your data before you’re familiar with it? Context, in the form of metadata, is rich and omni-present, Heer argues, as long as we’ve collected the right data the right way.

May 2, 2013

Who Is Tech’s Most Inspiring New Founder? SV Angel’s Ron Conway, David Lee, And Brian Pokorny Name Names [TCTV]

David Lee , and Brian Pokorny meet new startup founders practically every day as investors at renowned angel funding firm SV Angel . What’s fantastic is that each partner had a favorite, and they all named names — so it was pretty interesting to hear. Conway pointed to Georg Petschnigg of FiftyThree, the startup behind hot iPad app Paper; Pokorny named Arjun Sethi of MessageMe; and Lee said he has been very impressed by the co-founders of Science Exchange, Dan Knox, Ryan Abbott, and Elizabeth Iorns. Check it all out in the video embedded above. And that wasn’t all we discussed.

April 19, 2013

Connecting Asia's startup ecosystem

Aug. 15, 2012

Scientific reproducibility, for fun and profit

How does the Reproducibility Initiative hope to get past this? Funding agencies have little interest in paying for work that's redundant or derivative, and few journals are willing to run something that's essentially a do-over. At least that's the thinking behind a new effort called the Reproducibility Initiative, a project hosted by the Science Exchange and supported by Nature, PLoS, and the Rockefeller University Press. When a bid is accepted, Science Exchange takes a cut of the price. The Initiative is hosted by the Science Exchange, which makes money by linking researchers in need of expertise to labs that have it.

Dec. 2, 2011

Science Exchange’s Marketplace For Research Facilities Gets A $1.5 Million Boost

I really like Science Exchange, largely because it could actually speed up the pace of scientific research. Science Exchange, a Y Combinator-backed company that’s helping to streamline the way scientific research is conducted, has raised $1.5 million from an elite group of investors. Many universities across the country have what are called Core Facilities, where expensive equipment necessary for research experiments is housed. For one, it’s possible to conduct microgravity research experiments on the International Space Station (really), which is handled by a company called Nanoracks. Kaggle, a platform for big-data competitions, recently raised $11 million, and Academia.edu just raised $4.5 million.

Aug. 23, 2011

Y Combinator Demo Day: The Ultimate Roundup

Historically, Y Combinator has sometimes held an Angel Day, when certain angel investors were invited to invest in companies prior to the larger Demo Day event. So far, users have launched 8k of instances of apps. This afternoon Y Combinator kicked off the summer session of Demo Day, the twice-a-year event where the prestigious startup incubator showcases its latest batch of companies in front of a throng of investors. Check out our launch coverage of Snapjoy hereSnapjoy wants to be the place where you keep all of your photos — in the cloud. Chat messages per day growing 29% month over month for the last 13 months, with users sending a total of 300,000 chat messages a day.