Labstock is a marketplace for surplus and short-dated life science products, including equipment, reagents, and consumables. It connects sellers with buyers, enabling the efficient resale of unused or gently used lab supplies and reducing waste in the life sciences industry.
Funding
Funding not disclosed
Founders
Product
Problem
The life science industry faces a significant waste problem, with a substantial percentage of high-quality lab instruments, reagents, and consumables going unused due to factors like biotech company failures, pipeline deprioritization, overordering, and forecasting challenges. This results in financial losses, environmental impact, and hinders scientific progress.
Solution
Wasteless Bio provides a marketplace platform that connects buyers and sellers of surplus and short-dated life science products, promoting a circular economy within the industry. The platform enables organizations to recoup costs on unused inventory while providing researchers and institutions access to affordable, high-quality equipment, consumables, and reagents. By facilitating the redistribution of these resources, Wasteless Bio reduces waste, lowers the cost of scientific research, and supports a more sustainable research ecosystem. The platform vets sellers to ensure quality and reliability, fostering a trusted environment for buyers and sellers.
Target Audience
The primary target audience includes researchers, laboratories, biotech companies, universities, and other life science organizations looking to buy or sell surplus or short-dated lab supplies.
Features
- Marketplace for surplus and short-dated life science products, including instruments, reagents, and consumables
- Vetted sellers to ensure product quality and reliability
- "Make an Offer" feature for price negotiation
- Option to list products for free or for a fraction of the original price
- Upload template for efficient listing of items with clear descriptions and technical details
- Logistics support to ensure smooth delivery
- Focus on reducing Scope 3 emissions and promoting sustainable consumption practices