A Med City biotech startup – Canomiks – has been accepted in a business accelerator program focused on healthy living and wellness.
Canomiks, which uses genomics and artificial intelligence to test ingredients used in healthy food and skincare products, was recently accepted into PepsiCo’s fifth Annual Greenhouse Accelerator program.
Canomiks CEO and co-founder Dr. Leena Pradhan-Nabzdyk moved Canomiks to Rochester from Cambridge, Mass., in July 2020. It’s based in the Mayo Clinic Business Accelerator in the Minnesota Biobusiness Center.
Each of the 10 companies in the program will receive $20,000 in grant funding as well as advice from PepsiCo experts about R&D, supply chain management and design. One company will be chosen in June to receive $100,000 in funding. Canomiks is the first Minnesota company to be accepted into the program.
"We are thrilled about Canomiks' acceptance … for many reasons: Namely, for the chance to work alongside personalized mentors to bring our vision of food as medicine to life, the opportunity to learn how to market and commercialize technology on a global scale, and the chance to learn from the nine other innovative start-ups transforming the health and wellness landscape with their cutting-edge technology,” wrote Pradhan-Nabzdyk.
While Canomiks is not linked to Mayo Clinic, the CEO said the company benefits from the “huge talent pool” in Rochester.
Pradhan-Nabzdyk explained more about Canomiks, saying it tests things like turmeric, green tea and ginger on human genes to determine the effectiveness and quality for companies that use them as ingredients in “functional” food and skincare products.
“Our overarching goal is to make food as medicine a reality,” she said.