Illumina Launches Startup Incubator in China, With Funding to Open in Fall

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The Illumina Campus in San Diego. Courtesy of the company.

San Diego-based Illumina, Inc. (NASDAQ: ILMN) and Sequoia Capital China, a leading investment firm, have announced a collaboration to boost startups in China.

They launched the Sequoia Capital China Intelligent Healthcare Genomics Incubator, Powered by Illumina to focus on building life sciences startup companies advancing breakthrough applications in genomics.

The incubator will leverage the expertise of Illumina for Startups in building genomics companies following the success of Illumina Accelerator in the San Francisco Bay Area and Cambridge, UK.

Sequoia Capital China will dedicate its investment expertise to support genomics founders, which marks another strategic step following the launch of the firm’s Digital Intelligent Incubator.

“Together with Sequoia Capital China, we will now partner with leading entrepreneurs in China to build genomics startup companies that unlock powerful breakthrough genomics applications and clinical sequencing solutions that harness the unique strengths and dynamic markets in China,” said Francis deSouza, Chief Executive Officer at Illumina.

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