SnapDNA, an early-stage technology company that enables rapid molecular detection of potentially deadly foodborne pathogens, will locate its new headquarters in Broomfield, Colorado. The project is expected to create up to 144 new jobs in Broomfield County over the next eight years.
“SnapDNA is excited to be part of Colorado’s emerging centers of excellence in bioscience, technology development, and product manufacturing”, said David Medin, SnapDNA CEO. “Colorado is ideally located and central to the country’s largest and most influential food companies; a number of which we are already engaged with, and our employees love the can-do culture and world-class outdoor activities that Colorado offers.”
Colorado Office of Economic Development and International Trade’s Global Business Development Advanced Industries grant program provided a $250,000 Early Stage Accelerator grant. In addition, the Economic Development Commission voted to provide up to $1,448,055 in performance-based Job Growth Incentive Tax Credits over an 8-year, 96 months, period.
“Colorado is a hub for innovative technologies including those in the bioscience and food tech sector,” said Governor Jared Polis. “We welcome the opportunity to work with SnapDNA to support our vital food and agriculture industries while creating more than 140 good-paying jobs for Coloradans.”
SnapDNA is working to provide tools that food safety professionals need to reduce the number and the severity of outbreaks, lower production cost, and provide for fresher, safer food. The company has the first self-contained, on-site analysis designed to replace food pathogen lab tests. Results are available in 20 minutes and hundreds of samples can be analyzed per day. Unlike lab tests, SnapDNA provides quantitative data to reduce the time to find contaminations from months to days, enabling predictive analytics to help prevent outbreaks.