Software platform for Life Science Intelligence
| Reference number | |
| Coordinator | MONOCL AB |
| Funding from Vinnova | SEK 1 500 000 |
| Project duration | April 2013 - January 2014 |
| Status | Completed |
Purpose and goal
Monocl has successfully completed the project ´Software platform for Life Science Intelligence´. The project aimed to establish a software platform to transform some of Monocl´s consultancy services into dedicated Life Science software products. The project also aimed to establish a client validated business model and revenue model in order to maximize the platform´s growth potential and the chances for a successful product launch.
Results and expected effects
The platform was developed in distinct, iterative steps. It now contains more than 23 million medical publications, over one million hierarchical medical keywords and more than 17 000 indexed universities. Furthermore, 3 000 new publications are automatically added on average each day. A scalable architecture has also been established, which enables addition of new data sources such as clinical trials, orphan diseases, drug information and research grants. The platform has been optimized for cloud hosting and a user friendly and client validated interface has been generated.
Approach and implementation
The project was executed in three different stages in accordance with a set of business and development milestones. The original milestones were adapted between stages in accordance with identified market needs and to account for the increased performance needs and extended capacity requirements. Stage 1 was performed primarily with external developers, while stage 2 and 3 was performed primarily using internal developers. This new organization, with back end and front end developers, was enabled through the project financing and through financing from senior business angels.