Qualified suppliers will receive early payments at no cost
SAN DIEGO--(BUSINESS WIRE)--#fasterscience--Scientist.com, the healthcare industry’s leading marketplace for life science research, announced today it will provide early payments to businesses with Small Disadvantaged Business (SDB) certification. Qualifying suppliers include those that are Black owned or Black run or majority-held by minorities or other socially or economically disadvantaged individuals.
“Diverse and disadvantaged suppliers, typically small to medium enterprises (SMEs), struggle to maintain enough working capital to run their operations,” said Kristopher Kagan, Scientist.com’s SVP of Finance. “We are providing early payments to diversity businesses to help eliminate cash constraints and enable them to focus on growth and innovation.”
Scientist.com connects a worldwide network of 3,400+ research suppliers with scientists at 24 large pharmaceutical companies and more than 70 biotech companies. Its award-winning SciPayTM supply chain financing program enables any supplier to get paid in as little as one day after service completion.
To sign up for the SciPay early payment program or learn how to become SDB certified, visit https://scipay.scientist.com/en/.
Scientist.com is the pharmaceutical industry’s leading AI-powered marketplace for outsourced R&D. The marketplace simplifies R&D sourcing, saving time and money, reducing risk and providing access to the latest innovative tools and technologies. Scientist.com operates private enterprise marketplaces for most of the world’s major pharmaceutical companies, the Biotechnology Innovation Organization (BIO) and the US National Institutes of Health (NIH). Since its founding in 2007, Scientist.com has raised $39 million from 5AM Ventures, Transformation Capital and Bootstrap Ventures among others.
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