From left to right: Kelly Shultz – Secretary of Commerce, State of Maryland; Luis Rugeles – Co-founder & CEO, I-270 Innovation Labs; and Doug Bane – Co-founder & COO, I-270 Innovation Labs.
For many labs with limited funding, equipment failure can put a huge and unwelcome dent in the budget. Is the cost of fixing it more than the cost of replacing it? If it needs to be replaced, can you afford a new piece? What if you’re expanding operations and just need to update your lab with more equipment? More and more, labs are turning to suppliers to purchase used equipment, but that isn’t entirely without its own risks. Here are a few questions to ask if you’re buying used lab equipment.