Illumina Accelerator Invests in Second Class of Genomics Startups from US and Europe
August 5, 2015
Startups from Spain, Oregon, and California to advance breakthrough applications
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 5, 2015-- Illumina, Inc. (NASDAQ:ILMN) today announced Illumina Accelerator—the world’s first business accelerator focused solely on creating an innovation ecosystem for the genomics industry—has selected three new startups for its second funding cycle. Selected from a competitive pool of highly qualified applicants, the new startups from across the globe are spurring genomics innovation in healthcare, agriculture, and the winemaking industry.
“We are delighted to invite such a promising group of cutting-edge startups to Illumina Accelerator,” said Illumina Senior Vice President and Chief Technology Officer, Mostafa Ronaghi, Ph.D. “Their ability to build innovative solutions to shape the future of genomics inspires us, and we’re thrilled to provide them with tools and resources to build a successful future.”
The selected startups for the spring 2015 funding cycle are:
- PathoGn, Inc. is an infectious disease platform company based in California using genomics and machine learning to build pathogen diagnostics and disease forecasting products for agricultural applications.
- Biome Makers Inc. is a microbiome company founded by The Wine Guys, from Castile and Leon, Spain, introducing advanced genomics in the wine sector to transform the quality standards of vinification.
- Urology Diagnostics Incorporated is a genomics company from Oregon developing noninvasive urine sequencing diagnostics for screening and monitoring cancer.
Each startup will receive seed investment, a subscription to Illumina’s NextBio translational genomics database, access to match funding through the $40 million Illumina Accelerator Boost Capital, and Illumina’s sequencing systems and reagents. In addition, startups accepted into Illumina Accelerator will gain access to business guidance and fully operational lab space in the San Francisco Bay Area during the six-month funding cycle.
“We look forward to building upon the successes of our first graduates—Encoded Genomics, Inc., EpiBiome, Inc., and Xcell Biosciences, Inc.—by helping our second group of startups also create significant value, generate terabases of sequencing data, and advance their genomics applications,” said Amanda Cashin, Ph.D., who leads Illumina Accelerator.
Illumina Accelerator strives to catalyze genomics innovation in the broader startup community. It aims to advance genomics by lowering the barrier to entry and expedite the time to market for entrepreneurs and early-stage companies that are working on scientifically and commercially promising next-generation sequencing applications. Startups are invited to join Illumina Accelerator twice a year.
Applications for the Illumina Accelerator Fall 2015 funding cycle are due by September 1, 2015. To apply, visit www.illumina.com/accelerator.
About Illumina, Inc.
Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as the global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit www.illumina.com and follow @illumina.
This release may contain forward-looking statements that involve risks and uncertainties. Important factors that could cause actual results to differ materially from those in any forward-looking statements are detailed in our filings with the Securities and Exchange Commission, including our most recent filings on Forms 10-K and 10-Q, or in information disclosed in public conference calls, the date and time of which are released beforehand. We do not intend to update any forward-looking statements after the date of this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150805005343/en/