This web app uses cookies to compile statistic information of our users visits. By continuing to browse the site you are agreeing to our use of cookies. If you wish you may change your preference or read about cookies

close

Chem IO’s Business Strategy Case Study

Embed code:

x
Copy the code below and embed it in yours to show this business model canvas in your website.

Chem IO’s Company Overview


CHEM IO enables researchers to find the right chemicals. Their goal is to catalog all known chemical compounds, polymers, building blocks, reagents, nanomaterials etc., and make them available to our community. Researchers use CHEM IO to showcase their work, connect with fellow scientists and share expertise.

https://chem.io

Country: California

Foundations date: 2014

Type: Private

Sector: Consumer Services

Categories: Chemicals


Chem IO’s Customer Needs


Social impact:

Life changing:

Emotional: provides access

Functional: saves time, simplifies, organizes, integrates, connects, reduces effort, avoids hassles


Chem IO’s Related Competitors


BASF LyondellBasell Industries Mitsubishi Chemical Holdings SABIC BioCellection Dow chemical

Chem IO’s Business Operations


Community-funded:

The critical resource in this business strategy is a community's intellect. Three distinct consumer groups comprise this multifaceted business model: believers, suppliers, and purchasers. First, believers join the online community platform and contribute to the production of goods by vendors. Second, buyers purchase these goods, which may be visual, aural, or literary in nature. Finally, believers may be purchasers or providers, and vice versa.

Lean Start-up:

The Lean Start-up methodology is a scientific approach to developing and managing businesses that focuses on getting the desired product into consumers' hands as quickly as possible. The Lean Startup method coaches you on how to guide a startup?when to turn, when to persevere?and how to build a company with maximum acceleration. It is a guiding philosophy for new product development.

Online marketplace:

An online marketplace (or online e-commerce marketplace) is a kind of e-commerce website in which product or service information is supplied by various third parties or, in some instances, the brand itself, while the marketplace operator handles transactions. Additionally, this pattern encompasses peer-to-peer (P2P) e-commerce between businesses or people. By and large, since marketplaces aggregate goods from a diverse range of suppliers, the variety and availability are typically greater than in vendor-specific online retail shops. Additionally, pricing might be more competitive.

Two-sided market:

Two-sided marketplaces, also called two-sided networks, are commercial platforms featuring two different user groups that mutually profit from the web. A multi-sided platform is an organization that generates value mainly via the facilitation of direct contacts between two (or more) distinct kinds of connected consumers (MSP). A two-sided market enables interactions between many interdependent consumer groups. The platform's value grows as more groups or individual members of each group use it. For example, eBay is a marketplace that links buyers and sellers. Google connects advertising and searchers. Social media platforms such as Twitter and Facebook are also bidirectional, linking consumers and marketers.

Why Chem IO’s Business Model is so successful?

Discover now