Science Exchange's mission is to improve the quality and efficiency of scientific research by using market-based incentives to promote collaboration between scientists.

Science Exchange is an online platform seeking to provide easy access to the global network of scientific resources and expertise. The platform functions as a marketplace helping research scientists find the expertise and services they need at other university labs, core facilities, and contract research organizations. The objective is to help improve the pace of scientific research by improving the efficiency by which researchers can search for, compare and order scientific services on an open marketplace platform.

For service providers, Science Exchange aims to increase utilization and quality recognition within an open marketplace. Service providers are government funded core facilities and university labs, which have difficulty in promoting services for external use, and tracking impact of services. Science Exchange helps researchers find the facility's services in a centralized platform, and increase utilization of labs that are running below capacity. The platform also allows for tracking of all work performed, and publications resulting from work performed on the site with collaborates - making management and reporting of service labs easier.