A local business that aims to be the world’s largest milk bank won what’s called the InnovateHer startup pitch competition in Reno last month.
InnovateHer is a national competition, sponsored by the U.S. Small Business Association, for businesses that have a meaningful impact on women and families.
“We focused mostly on how our company, International Milk Bank, serves the needs of donating mothers by reimbursing them $1 to $2 per ounce for their milk. So it really puts them in the position to be able to stay at home longer.”
That’s Glenn Snow, CEO of International Milk Bank and the regional InnovateHer winner. International Milk Bank plans to process, pasteurize and sterilize human milk for sale to neonatal centers in hospitals around the world. The facility will initially source milk from Snow and his wife’s first startup, Only the Breast, a peer-to-peer breast milk exchange with more than 2,000 donors.
The couple moved from the Bay Area to Reno two years ago specifically to set up International Milk Bank.
“Reno’s a great distribution and manufacturing hub, and also the tax environment here is quite welcoming, so it makes it so that we can maintain some of our capital and grow our business, which is tremendous.”
International Milk Bank will now go on to compete in the national InnovateHer competition for a shot at a $70,000 prize that will help the company build out its manufacturing facility.