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Press release from ScienceBusiness, 21 September 2006 

New – An eBay of science launched online

 

An eBay of science was launched today – a Web service that lets buyers and sellers of scientific research and patents find each other, quickly and cheaply.

 

www.sciencebusiness.net, an on-line news service that reports on early-stage investment in R&D, opened on its Web site a new service: the Science|Business Marketplace. It allows researchers to post announcements about patents to license, research projects in need of corporate partners, or university spin-out companies in search of investors. And it lets tech and bio companies post news of their needs – technology sought, research partners wanted.

 

Examples of what’s on offer now:

-          Investors sought: A spin-out from Paris’ École Nationale Supérieure de Techniques Avancées (ENSTA) is formed to commercialize « personal robotics » software in development in the lab.

-          Partners or investors sought: A new “mint” pain-killer under development at the University of Edinburgh.

-          Development partners sought: A new TB test under development at St. George’s Hospital, Edinburgh

 

The Marketplace service is the latest example of how the Internet can transform the way science happens. Researchers for more than 20 years have been using the Internet to find colleagues, post news, ask for help, and access databases of scientific results. From there, it’s a natural evolution that they start using the Internet for technology-transfer, too – reaching out to corporate partners, private investors and potential licensees. After all, science is now one of the world’s largest industries, with more than $650 billion spent on it in the developed world alone. It’s also the most international and, increasingly, multi-disciplinary of worlds. In short, an ideal place for the Internet to be at work. Yet so far, it has either been too expensive or too difficult to use the Web systematically for tech-transfer.

 

Science|Business is the first to make it easy – for both researchers and companies. Any subscriber to Science|Business (£66 a year) just cuts-and-pastes, in his or her own words, a summary of the technology or needs into a simple on-line Web form. It goes directly to the editors of Science|Business, where it’s reviewed and posted on-line, for viewing by subscribers. It also gets included in the free, email bulletin that Science|Business publishes weekly. Interested subscribers simply click on the contact details, and begin a direct dialogue. Simple. Fast. Its roll-out follows weeks of telephone market research across Europe, questioning scientists, corporate R&D managers and investors about what services they need on-line – and how they should work.

 

The Marketplace service is the latest addition to Science|Business – which on Oct. 13 marks its first anniversary of publication online. The UK-based news service was founded by two leading technology journalists, Richard L. Hudson, former technology editor and managing editor of the Wall Street Journal Europe, and Peter Wrobel, former managing editor of Nature, the world’s leading science journal. They’re joined by a team of first-class technology journalists, and collaborate with a unique network of nine leading science universities: The University of Cambridge, ETH-Zurich, Imperial College London, Karolinska Institutet, University College London, TU Delft, Politecnico di Milano, Chalmers University of Technology and ParisTech, the association of France’s Grandes Écoles in science and technology. The aim of the venture: To break the mould in technology journalism – and to promote enterprise in science.

 
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