10 Sep Stanford Partners With Life Sciences Marketplace Quartzy For Campus Lab Supplies
Quartzy is a lab supplies marketplace often used among life scientists at various universities, but particularly at Stanford. The academic institution made that relationship official today. Quartzy will now be deployed in labs across Stanford campus to save the university cash on lab supplies.
The Quartzy marketplace launched out of Y Combinator four years back to provide an easier way for scientists to price-compare life science tools and equipment. Co-founders Adam Regelmann and Jayant Kulkarni met while conducting their own lab research at Columbia University. The two noticed a lack of supply-chain and management tools to make the lab process more efficient.
Quartzy works using a bidding platform to help scientists find less expensive products from competing suppliers. The startup also provides lab management tools that aim to make new orders easy when supplies get low.
It also helps labs avoid sticky regulations. The United States federal government requires two quotes for items that cost more than $3,000. The Quartzy bidding platform automatically generates competitive quotes from multiple suppliers that will hopefully save labs money without wasting time getting those quotes.