BioSeek, the Bulgarian “Google” for Biotechnology research, launches its Demo Version
A Bulgarian team launched a demo version of a fully integrated multi-component platform for the needs of scientific research in the field of Life Sciences. The platform is called Bioseek.eu and works through a qualitatively new type of semantic search algorithm that has been developed for more than a year by the team of Bioseek. The search engine is designed for scientists and doctors who work on the development of new treatments and works with a graphical database, research visualization tools, a publishing module, etc.
The work of the team starts with the development of a search algorithm for fashion, which, in addition to product category, also filters attributes such as color, brand, price class, discount, etc. In the course of work, the team finds out that the true value of the development is not the fashion platform, but the semantic search algorithm itself, as it is applicable to every industry. That is why they switched their business to biotechnology research and development.
The number of consumers in biotechnology is relatively small and the business is very niche, but industries with enormous capital stay behind it, as research related to biotechnology is tied to industries such as cosmetics, drug development, dyes, pesticides, etc. The platform creators believe that their product will bring optimization of drug development costs. The average cost of developing a drug is now nearly USD 3 billion.
The platform will serve all workflows in a scientific development – from exploratory search to publishing science research results. Bioseek.eu algorithm can link specific genes and diseases, as well as link several different diseases. The platform even has a dedicated online store, a linked library with plenty of scientific works and useful links and other functionalities that are helpful to the workflow.
The development was funded by a previous successful start-up and recently it won an investment from ImVenture I, as well as mentoring and funding from Enterprise Google Services.
You can find a five-minute presentation of Bioseek here.
Find more about the company’s plans for next year, and why Rosen Genchev, founder and CEO of BioSeek, describes it as something between Facebook and Google in his interview for the UpDate show on Bloomberg TV here.
