Ijad Madisch started ResearchGate in 2008 to change the scientific method, and depending on where you sit, that either is or isn’t as ambitious as it sounds. Madisch isn’t on a crusade to overturn the techniques scientists use to investigate and systematically observe phenomena, so much as the tools. Today, there’s an incredible amount of scientific research taking place, whether it’s in chemistry, physics, biology or any of the umpteen disciplines in between. However, typically, scientists, especially those who work in or around academia, live mostly in an offline world.
Today, as a result, one of the biggest problems to plague scientific research, innovation and breakthroughs is redundancy. A team of scientists hard at work on protein data analysis publish their results only to learn that a group on the opposite side of the world has just done the same. As both a physician and a researcher, Madisch decided that the best way to reduce research redundancy would be to create an online professional network in which scientists could easily share data, information and results. Research would become more effective, and science would be better for it.
Monetizing a professional network of scientists (something that could potentially be tricky) has proved far easier than changing the stolid mindset of scientists and academia, the founder and CEO tells me. Bringing entire communities and communication methods online is a slow process, whether dealing with microbiology researchers or not, and luckily for Madisch, ResearchGate hasn’t been short-changed when it comes to investors willing to its vision of the future.
And that backing got significantly deeper. Today, ResearchGate announced that it has closed a $35 million round of series C financing from Microsoft founder Bill Gates and Tenaya Capital, with participation from Dragoneer Investment Group and Thrive Capital. This hefty third-round of financing follows its series A and B rounds raised in 2010 and 2012, respectively, which saw it add names like Accel Partners, Simon Levene, Bebo co-founder Michael Birch, Founders Fund, Benchmark Capital, and Yammer CEO David Sacks as investors.
Short-term returns may not be part of the equation for ResearchGate’s investors, but Bill Gates, for one, hasn’t been shy about placing big bets on potentially high-impact education, energy and health-related technologies, even if those are long-term — or long shot — investments. Benchmark Partner (and ResearchGate boardmember) Matt Cohler, too, has been quick to talk about why he invested in an enterprise “that certainly had no short-term plans to become a billion-dollar company.” The reason is evident in the way Madisch describes his startup’s mission today, telling us that ResearchGate aims to help “free knowledge from the Ivory Tower, to digitize it and make it accessible for everyone in order to accelerate scientific progress.”
Cohler recognizes a similar ambition at ResearchGate to what he saw in his early days at LinkedIn and Facebook, and that, like those two businesses, the startup could be on its way to becoming a “true network effect business.” Granted, ResearchGate isn’t quite on the same growth curve as the two early social networks, but it’s begun to find some traction in the scientific community, having grown to more than 2.8 million members spread across 131 countries since launch, with 30 percent now logging in once per month.
Since we last caught up with ResearchGate, the startup has been hard at work at making it easier for scientists to get out of their silos, where they often study niche and very particular problems and look for collaborators with very specific skill sets. By creating a network in which scientists in any discipline can create a simple profile that displays information that will be relevant to scientists in their field, including degrees, areas of focus, keywords, advisors, publications and so on, the team hopes it is helping to solve a long-standing problem in the space: That there are so few public resources to which scientists can turn to quickly discover those research in similar fields.
What’s more, ResearchGate has endeavored to give researchers a platform where they can not only upload the journals they’ve been published in, but share raw data as well — along with experiments that failed or succeeded — in an effort to make that knowledge accessible in a broader context.
