making product sourcing a community affair alex hodgson
TRANSCRIPT
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Making Product Sourcing a Community Affair
Alex Hodgson
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Current Reality
Researcher
Product
Search Site to Site
Sift through Google Results
Ask Colleagues
Sift through Publications
Guess
Cold Call Other LabsBuy Multiple
Products
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THE RISKS
Lose Credibility
Failed Experiments
Wasted Resources
Lost Time
Lose Grant
Rejected Publications
Lose Credibility
HUGE RISKS
Serious Consequences
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Michael J. Fox Foundation spend 10m to identify and eventually commission development of 2 quality reagents for LRK2, for furthering Parkinson’s Research
Harvard study showed when looking at Cancer related targets – commercially available reagents essential for furthering research failed over 50% of time – products were of insufficient quality.
According to HUPO (Human Proteome Organization), many commercial reagents fail to include even basic information required for proper usage.
Going to Extremes for Quality
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Plenty of Consumer Tools
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Even for Door Hinges…
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Bridging the gap
?
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So how did we get here???
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• 100’s of manufacturers, 1000’s of distributors.• The growth of cross-licensing• No governing body regulating quality• No centralized resource• Poor communication between users• Poor feedback mechanism for companies
How did this happen?
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Building a better way…
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Revenue Generation
Hybrid Model
Community Resource
Comprehensive
Easy to Use
Independent
Open Access
Sustainable
Products Ranked by Quality
ADs
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Market Research
Analytics
Premium Listings
DirectoryListings
Hybrid Model
Revenue GenerationCommunity Resource
Comprehensive
Easy to Use
Independent
Open Access
Sustainable
Products Ranked by Quality
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Generating Content
PublicationsReviewsProducts
Spread the Word
ProductsQuality Control Data
PromotionPut themselves out there
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37,500605,000
156993
168,0001583
UsersProductsSuppliersDistributorsProduct CitationsReviews
Site Content
Community driven growth
Contribution Rate: 5.84%
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Product Listings
(6) (1)
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Reviews
1573 Reviews
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What I learned…
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Advice/Lessons Learned
Don’t let anyone tell you that its impossible.
Don’t build your business model in a vacuum.
You don’t look the same as you did when you were 3, 14, 29….. Neither will your business model.
The right investment partners are out there.
Start-up “War wounds” build character and create a better product.
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1DegreeBio Team
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For More Information Contact
Thanks
Alexandra Hodgson
Tel: 647.981.2461Email: [email protected]: www1degreebio.org
@1DegreeBio