Science Exchange is an online service that allows scientists to outsource their research to scientific institutions such as university facilities or commercial contract research organizations. The online science marketplace was founded in 2011 by Elizabeth Iorns, Ryan Abbott, and Dan Knox and is located in Palo Alto, California. Science Exchange took part in the startup accelerator program Y Combinator in the summer of 2011. In 2011, while an Assistant Professor at the University of Miami Miller School of Medicine, Iorns came up with the idea for Science Exchange after needing to conduct immunology experiments, but having difficulty finding potential collaborators or providers to work with. Iorns formed Science Exchange with Knox and Abbott, and the company applied for a place in the Y Combinator startup accelerator program. The company was accepted into the Summer 2011 batch of Y Combinator and launched the first version of its website in August 2011. In 2012 Iorns was recognized by the Kauffman Foundation for her role in starting Science Exchange. Science Exchange functions like a freelance marketplace utilizing a model similar to Elance or ODesk. A researcher posts an experiment they would like to outsource and then receives bids from experimental service providers. The researcher selects a bid, and Science Exchange facilitates communication, project management and payment via its platform. The company receives a service fee based on the value of the project.