Biography:Cathy Tie

From HandWiki
Cathy Tie
NationalityChina / Canada
Known forThiel Fellowship, Ranomics, Cervin

Cathy Tie is a Canadian bioinformatician and entrepreneur known best as a founder of Ranomics, a genetic screening company based in San Francisco.

Background and education

Tie's family moved from China to Canada when she was four years old.[1] Her father has a master's degree in chemical engineering, but she describes both parents as "entrepreneurs."[2] Growing up in Mississauga, Ontario,[3] she attended the Glenforest Secondary School (International Baccalaureate Diploma Program).[4]

At 15, she worked on an immunology project with researchers at the University of Toronto,[1] work that was published the next year in the Canadian Young Scientist Journal as a single-author manuscript.[5] Further research using yeast as a gene variant model was published by a larger team in 2018.[6]

During her first year as an undergraduate at the University of Toronto, Tie worked at Mount Sinai Hospital, in the genetic research laboratory of Frederick Roth.[2] After hearing about a competition for a biotech startup, she teamed up with Leo Wan, a graduate student in Roth's lab, to create a business plan for a genomics start-up. They later presented their business plan to IndieBio, an accelerator run by SOSV, who gave them $100,000 of funding. Tie took a leave of absence in 2014 after less than a year of college to work on the project in San Francisco with IndieBio.[7]

In 2015, Tie was one of only four Canadians to win a Thiel Fellowship,[3][8] which encourages college undergraduates to leave college and instead further their education by building a startup company.

Ranomics

Tie founded Ranomics as its CEO in 2015. In a JLabs profile,[9] Tie explained that the company's focus was to investigate variants of unknown significance (VUS) that caused genetic tests to fail or misdiagnose patients. Ranomics worked for external genetic testing firms in a business-to-business arrangement to analyze oncogene mutations.[1][10][11] Tie and her partner eventually partnered lead product VariantFind with Science Exchange to provide variant analysis on their online platform.[12]

Awards

Tie was a 2015 Thiel Fellow and a 2018 Forbes Healthcare "30 under 30".[13] She and co-founder Leo Wan won a $100K USD incubator mentorship through SOSV's incubator IndieBio.[14][7] Her company was chosen as a Kairos Society 50 in 2017.[15]

She was named a partner in SF-based Cervin Ventures in 2018.[16]

References

  1. 1.0 1.1 1.2 Kavilanz, Parija (August 6, 2018). "At 18, she launched a startup. At 22, she's blazing a trail in the VC world". CNN. https://edition.cnn.com/2018/09/30/success/cathy-tie/index.html. Retrieved November 27, 2018. "In January, Tie moved to Silicon Valley to become the youngest of four partners at the firm. Tie remained on Ranomics' board, but turned over her role as CEO to Wan." 
  2. 2.0 2.1 Dingman, Shane (June 5, 2015). "Record number of Canadians take $100,000 to drop out of school". Globe and Mail. https://www.theglobeandmail.com/report-on-business/tech-billionaire-gives-record-number-of-canadian-dropouts-100000-to-pursue-dreams/article24819858/. Retrieved November 27, 2018. "Ms. Tie got the idea for her startup, Ranomics, while working at Dr. Frederick Roth's genetic research lab at Mount Sinai Hospital in her first year of University of Toronto." 
  3. 3.0 3.1 Otis, Daniel (June 5, 2015). "Four young Canadians ditch school for $100K fellowships". The Star. https://www.thestar.com/business/2015/06/05/four-young-canadians-ditch-school-for-100k-fellowships.html. Retrieved November 27, 2018. "Tie is one of four Canadians to win this year’s Peter Thiel Fellowship, an annual program that offers $100,000 (U.S.) in funding and two years’ worth of mentorship to 20 young entrepreneurs willing to drop out of school to focus on their fledgling businesses." 
  4. "Cathy Tie: Characterizing RNF20 and RNF40 in Class Switching of B Cells". Youth Science Canada. 2013. https://secure.youthscience.ca/virtualcwsf/projectdetails.php?id=3495&. Retrieved November 28, 2018. 
  5. Tie, Cathy (2013-09-18). "Characterizing RNF20 and RNF40 in the Class Switching of B Cells1". Canadian Young Scientist Journal 2013 (2): 43–51. doi:10.13034/cysj-2013-007. ISSN 1913-1925. http://www.cysjournal.ca.www.nrcresearchpress.com/doi/abs/10.13034/cysj-2013-007. 
  6. Sun, Song; Yang, Fan; Tan, Guihong; Costanzo, Michael; Oughtred, Rose; Hirschman, Jodi; Theesfeld, Chandra; Bansal, Pritpal et al. (2016-03-14). "An extended set of yeast-based functional assays accurately identifies human disease mutations" (in en). Genome Research: gr.192526.115. doi:10.1101/gr.192526.115. ISSN 1088-9051. PMID 26975778. PMC 4864455. http://genome.cshlp.org/content/early/2016/03/14/gr.192526.115. 
  7. 7.0 7.1 Wang, Sandy (January 19, 2015). "U of T undergrad secures $100,000 for startup" (in en-US). The Varsity. https://thevarsity.ca/2015/01/19/u-of-t-undergrad-secures-100000-for-startup/. "With $100,000 of funding from San Francisco-based venture capital firm, SOSventures, Tie and her team will travel to San Francisco in February to participate in a 100-day accelerator program to further develop their project." 
  8. Leber, Jessica. "Meet the Last "Class" of Thiel Fellows". Fast Company. https://www.fastcompany.com/3047076/meet-the-last-class-of-thiel-fellows-the-genius-kids-who-skip-college-and-build-startups. Retrieved 12 November 2018. 
  9. Johnson, Johnson &. "International Women's Day". Johnson & Johnson. https://jlabs.jnjinnovation.com/blog/international-womens-day/cathy-tie. Retrieved 12 November 2018. 
  10. "Ontario-developed technology for screening variant libraries comes of age - Ontario Genomics" (in en-US). Ontario Genomics. 2018-01-18. http://www.ontariogenomics.ca/news-events/news/ranomics/. 
  11. "Resolve the Genome’s Known Unknowns" (in en-US). GEN - Genetic Engineering and Biotechnology News. 2016-12-30. https://www.genengnews.com/magazine/resolve-the-genomes-known-unknowns/. 
  12. "Business Wire". https://www.businesswire.com/news/home/20180409005752/en/Science-Exchange-Ranomics-Collaborate-Offer-Online-Access. 
  13. "30 Under 30 - Healthcare 2018: Cathy Tie". Forbes. https://www.forbes.com/profile/cathy-tie/#64570d7b1c3e. Retrieved 11 November 2018. 
  14. Kosner, Anthony Wing. "IndieBio Will Accelerate Synthetic Biology To Tech Startup Speed" (in en). Forbes. https://www.forbes.com/sites/anthonykosner/2015/02/20/indiebio-will-accelerate-synthetic-biology-to-tech-startup-speed/#4d8ea30c6259. 
  15. "50 Startups Aimed at Changing the World Join Kairos Society" (in en-US). TechCo. 2017-05-02. https://tech.co/startups-change-world-kairos-50-2017-05. 
  16. Venture, Cervin. "Cervin Ventures Team". Cervin. https://www.cervinventures.com/cervin-team/. Retrieved 12 November 2018.