(Labshare, image credit, Mingyo Kang)
Labshare has announced the launch of its collaborative inventory platform in December 2025, a software service and mobile app that aims to make it easier for laboratories to share, borrow, and track supplies across institutions. The company is beginning its initial rollout in Texas and expects to broaden access to additional laboratories over time.
Designed as a collaborative inventory management system, Labshare aims to connect neighboring labs through a searchable, real-time inventory and a simple request workflow. Users can add items quickly using a phone camera or barcode scanner, set role-based access, and choose whether particular items are visible to partners.
The core concept centers on enabling nearby teams to request small quantities of reagents, consumables, or equipment time without waiting days for new orders. “This approach is a way to make routine experiments less dependent on long procurement lead times and large upfront purchases,” says Labshare CEO Mingyo (Mika) Kang.
(Labshare's CEO Mingyo Kang and CTO Vismay Ravikumar)
The app and web service are designed around several capability areas. Photo and Optical Character Recognition-based item capture and batch uploads shorten data entry. Additionally, multi-user controls and activity logs support compliance and accountability, while automated alerts and usage analytics help labs monitor stock and anticipate reorders. A built-in request-and-fulfill flow makes borrowing from nearby labs straightforward.
Labshare helps labs cut waste and save time by tracking supply usage, predicting expiration, and prompting timely restocking. Currently, access to the pilot is by invitation only, with a broader public release planned soon. A monthly subscription fee will apply for institutional lab use.
“One thing we observed is that labs already share informally most of the time. But it’s usually through email chains, spreadsheets, or group chats, and that can get messy fast,” says CTO Vismay Ravikumar. “We wanted to build something that makes that kind of collaboration easier, faster, and more reliable.” The platform is intended to sit alongside existing procurement and compliance processes, allowing labs to opt into intra-campus sharing while preserving private inventory controls when needed.
Labshare’s launch comes at a moment when many research institutions are grappling with significant federal funding reductions. Widespread grant terminations have had a notable impact on research involving marginalized communities, leading some scientists to adjust or pause their projects.
In this climate, Labshare offers a way for labs to stretch limited resources further. By enabling real-time sharing of reagents and equipment, the platform helps reduce redundant purchases and makes it easier for labs to continue experiments even when budgets are tight. “We see Labshare as part of a broader movement to help researchers stay resilient,” says Kang. “When funding is uncertain, collaboration becomes essential.”
It’s significant to note that Labshare frames sustainability as a meaningful secondary benefit. Laboratory work produces significant amounts of waste, contributing to the environmental footprint of research facilities. The widespread reliance on disposable materials in lab workflows exacerbates this issue. To address these challenges, Labshare has developed tools that promote reuse and facilitate more efficient turnover of perishable supplies.
Still, Labshare’s central goal is to help shift the focus of scientific work from logistics toward discovery. “When a researcher can find what they need nearby in minutes, the team regains hours otherwise spent chasing supplies, and that time compounds across a department,” says Kang.
The startup’s momentum was recently recognized at Rice University’s H. Albert Napier Rice Launch Challenge, where it earned third place out of more than a hundred teams and the Audience Choice Award. The competition awards over $100,000 in equity-free funding to student-led ventures across academic levels. Labshare was also selected to take part in the 2025 Summer Venture Studio cohort, hosted by Rice University’s entrepreneurship center.
Labshare is positioned as a practical solution designed to help laboratories coordinate locally, manage inventory with greater transparency, and curb wasteful purchasing, all while fitting seamlessly into existing lab workflows. The roadmap outlines plans for national rollout, followed by international availability, optional procurement integrations, and intelligent features that can surface required materials based on voice commands or experimental protocols.
The information provided is for general informational purposes only and does not constitute financial, investment, or trading advice.
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Published by: Pathos Communications Ltd