Irish agtech company, Micron Agritech, has this week raised €500,000 in investment to bring their flagship Micron Kit to the market.
The Micron Kit is a rapid portable animal parasite testing kit. The device tests for parasites in cattle, sheep and horses and provides on-site and rapid results delivered through an app, indicating to farmers or vets if they need to medicate animals.
Currently, to test for these parasites, samples are taken, shipped to a lab and after an average wait of three to five days, results are delivered.
Globally, parasitic infection is the most common health issue facing grazing livestock. Moderate infections can be responsible for weight loss and even death. Some parasites are capable of stunting the growth of animals by up to 50%.
The user collects a faecal sample from the sample, prepares it through a few steps and then inserts it into the analysis device.
The Micron Kit is aiming to make early, accurate detection and individual animal treatment realistic and reliable.
Participants in the latest round of seed funding, which Micron Agritech secured, are leading animal health company Bimeda, agtech venture capital fund The Yield Lab Europe, and Irish state agency Enterprise Ireland.
To think Micron Agritech has grown from a college project to a company raising half a million euro in investment is truly breathtaking
Micron Agritech was formed as a spin-out of Technological University Dublin and founded by a team with an average age of just 24.
“To raise this funding has been a challenging but rewarding experience. To think Micron Agritech has grown from a college project to a company raising half a million euro in investment is truly breathtaking,” said CEO and co-founder of Micron Agritech Daniel Izquierdo said.
Micron Agritech’s advisory board includes ex-directors of Pfizer Animal Health Andrew Weatherley and Nigel Walshe, who are currently leading the running of clinical trials with farmers across Ireland.