ScienceWise.com
A B2B workplace on the Web for more than 100,000 science and engineering professionals.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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ScienceWise.com operated as a web portal and information service provider specifically targeting science and engineering professionals. The company was founded approximately in 1990 and was headquartered in Gaithersburg, Maryland. Initially, ScienceWise focused on publishing print subscription newsletters to inform scientists about funding opportunities, such as government grants.
With the advent of the internet, the company transitioned its business model. In the early 1990s, it received a federal grant to begin offering its content for free on online bulletin boards. By 1997, it had evolved to provide a more tailored service using email, allowing scientists to receive personalized newsletters about funding opportunities in their specific fields of interest. This service was initially offered on a paid subscription basis, converting a portion of its free users into paying customers.
A significant milestone occurred in April 2000 when the company secured approximately $7 million in venture capital from investors including Fuqua Ventures, Ptek Ventures, and Pythagoras Participations. Following the investment, the business model shifted to a free, advertising-supported platform with the goal of attracting a large user base. This model proved challenging, and the company later adopted a hybrid approach, offering both a free, ad-supported version and a premium, subscription-based service for individuals and groups. Ultimately, ScienceWise.com was acquired by TheScientificWorld in a merger and acquisition deal on October 4, 2001.
The core service of ScienceWise.com was to provide its clients—science and engineering professionals—with valuable information on published research, sources for funding, and opportunities for collaboration. It served the Media and Information Services (B2B) market. The platform functioned as a centralized hub for professionals seeking to advance their research and development efforts by connecting them with critical funding and partnership information.
Keywords: scientific information portal, research funding opportunities, engineering professionals network, science grants newsletter, B2B information services, scientific publishing, research collaboration, government grants for scientists, technology teaming opportunities, scientific email newsletter, venture capital funded startup, TheScientificWorld, Fuqua Ventures, Ptek Ventures, science and technology information