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U of M startup General Probiotics placed second in the annual Crop, Animal & Food Tech Showcase, hosted by the North Carolina Biotechnology Center. 

The runner-up was General Probiotics, a University of Minnesota spinout that is using synthetic biology to develop a new class of probiotics—beneficial bacteria—that could replace the antibiotics that are being phased out of use in farm animals. Yiannis Kaznessis, founder and CEO of St. Paul, MN-based General Probiotics, said that the company is now raising $3 million as it lays the groundwork to take its products to the FDA for review.

Read the full story in Xconomy.