Core Facility Management Software for Research Institutions

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Core Facility Management Software for Research Institutions

Inspired by a conversation on:

Built to Sell Radio

Built to Sell Radio

Ep 512 Exit Story: Selling iLab for 6× ARR, Choosing Strategic Over PE, and Life After an Eight-Figure Exit

Host: John Warrillow

Timestamp: 00:06:06 - 00:06:55

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Feather Flow

Direct Quote

"Our software basically handled those shared resources there and did kind of scheduling and billing and all that sort of administration for your larger institutions."

Market Gap

Research labs struggle to manage shared resources and billing efficiently.

Research institutions, such as universities and hospitals, often have multiple shared facilities for managing equipment and resources. For example, a university may have several labs each with expensive equipment that is only utilized part-time. The administrative burden of scheduling usage, billing for services, and managing inventory can be overwhelming, leading researchers to spend more time on these tasks than on actual research. Current solutions tend to be fragmented, relying on manual processes or outdated software, resulting in inefficiencies and potential mismanagement of resources. This not only hinders research progress but also affects budgeting and operational efficiency.

Summary

The idea is to develop a comprehensive Core Facility Management Software tailored specifically for research institutions like universities and hospitals. This software would streamline the scheduling, billing, and management of shared resources, allowing researchers to focus more on their work rather than administrative tasks. Implementing features such as real-time resource tracking, integrated billing, and user-friendly scheduling interfaces can significantly enhance operational efficiency. Target customers would include research labs in top universities and hospitals, which often require robust solutions to manage their complex operations effectively. Companies like iLab have demonstrated the demand for such platforms, proving that there is a market ready for innovation in this space.

Categorization

Business Model
SaaS
Target Founder
Technical
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$5,000 - $10,000 MRR
Moderate (Most Likely)
$15,000 - $30,000 MRR
Optimistic
$40,000 - $70,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
9/10
Novelty
8/10
Feasibility
7/10
Market Potential
8/10
Evidence
9/10
Overall
8.2/10
Found on September 19, 2025 • Analyzed on September 19, 2025 6:13 AM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

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