VirtualVet is one of the agricultural finalists at this year’s National Enterprise Awards, which is taking place on 29 May.
The Waterford start-up formed three years ago and now has five members of staff.
VirtualVet tracks and works to change drug usage in the food chain.
VirtualVet serves three markets:Farmers who must record usage under compliance.Agri-food and animal health industries.Governments monitoring drug usage in the food chain.
Speaking with co-founder and managing director of VirtualVet Sinead Quealy, we learned how the company works and gathers the useful drug-usage data.
“We provide a free service to farmers gathering information on a farm level about their drug usage on animals, which benefits them, as it covers their compliance,” Sinead said.
“VirtualVet then gets paid for this data by other companies interested in analysing drug usage in the food chain, such as ABP.
"Pharmaceutical companies also have recently begun requesting this data.”
“At the moment, 100% of our work is focused on the agriculture sector, but there is potential for movement into drug usage in humans and harnessing the useful data.”
On reaching the National Enterprise Awards final, Sinead said: “By arriving to this point in the competition, we have gotten the chance to make assessments of the company that we wouldn’t have done otherwise.
"By preparing ourselves for judging and presentation to the external public, we have been able to make significant improvements to the company.”
VirtualVet was the winners of this year’s Waterford Local Enterprise Awards and is hoping for success on the national stage this year.
The National Enterprise Awards celebrate small businesses from across the country, focusing on start-ups, innovation and exports, with the finals taking place on 29 May at the Mansion House, Dublin.
There is over €40,000 in prizes to be won, with the overall winner taking home €10,000.
Terra NutriTech was last year’s winners, an ag-tech company that specialises in precision liquid supplementation for livestock.
Clonmel Covers 'inundated with work' making windbreakers for sheds
20 minutes with Padraig Hennessy, Terra Nutritech
Toy fields produced in Ireland is a 'worldwide opportunity'