The document summarizes a proposed online marketplace called BioBazaar for life science tools and genetic materials. It will operate like eBay, starting with a fruit fly exchange platform called Drososhare that currently has 59 users and over 10,000 fly lines listed. The next steps are to enable fly exchanges and expand to other genetic materials and commercial suppliers to create a large marketplace for life science tools. Funding of 75,000 Euros over 6 months is being sought to further develop the MVP and enter the market.