BixBio, an African genomics business based in Cape Town, has received an unknown amount of funding from the Illumina Accelerator.
Not only has the tech firm received cash, but it has also been chosen as one of seven new genomic startups to participate in the Illumina Accelerator’s third global funding round.
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The accelerator is dedicated to assisting entrepreneurs and companies in the genomic medical industry that are working to develop novel goods and solutions.
The selected seven genomic firms will receive seed investment capital as well as access to Illumina sequencing systems and reagents as part of the accelerator. They’ll also get business advice, genomics knowledge, and fully functioning lab space near Illumina’s campuses in Cambridge, UK, and the San Francisco Bay Area.
BixBio will spend the next six months in Cambridge, taking advantage of the Illumina Accelerator’s knowledge, networks, and worldwide reach, according to reports.
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After securing money from One Bio Venture Studio, the unique local biotech business has now received a second investment.
A Look At What BixBio Does
BixBio, a biotech firm founded in 2020 by James Ross, a bioinformatician, and Tyronne McCrindle, a molecular biologist, is focused on unlocking the potential of different genetic data to further develop and strengthen the precision medicine sector.
BioBix’s proprietary AI technology is used to curate and establish enormous genetic data sets that will aid in the discovery of disease-causing genetic variations and novel therapeutic targets.
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This is a viable alternative to the current time-consuming search for disease-causing genetic variations and novel therapeutic targets. This solution aids pharmaceutical companies in the development of new medications.
BixBio Genomics BixBio Genomics
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer