Scispot.io has launched a digital operating platform for biotech SMEs in Alberta and other life science hubs. The company is based in Waterloo and founded by a former biotech researcher, a Silicon Valley techie, and a product leader.
Founding Story
The realization that biotech SMEs are trying to solve some of this century's biggest problems with an antiquated 20th-century approach motivated Scispot’s founders to devise a way to digitally upgrade and revolutionize the industry.
Based on the user research performed by Scispot.io, most biotech startups lack the digital resources and expertise essential to create a custom digital solution for centralizing their data, automating repetitive tasks, and instantly accessing partners. As a result, companies spend 40-50% of their time and resources on redundant administrative work that markedly drives up development costs of life-saving and enhancing products.
"My desire to create Scispot.io and transform the biotech industry is motivated by my first-hand experience with its inefficiencies as a former biotech researcher, as well as the untimely death of my mother who I loved and lost way too soon because there was no commercially available drug to treat her," said Guru Singh, Founder and CEO of Scispot.io.
"I believe biotech's inefficiencies can be surmounted if it embraces a bold digital transformation; I want to make sure no one dies young simply because the drug they need is not available in the market as a result of outdated methods and practices," added Guru.
