Dyneval is delighted to announce that it was awarded £100K as the IBioIC EDGE winner at this year’s Scottish EDGE17 awards final.
Dyneval is an exciting new venture in the Scottish biotech sector, having already been announced as winner of the i4 Product Design awards in January this year and the Biocity Accelerator Glasgow most promising venture awards in 2020.
Dyneval’s innovative technology offers reliable and precise measurements of semen quality using portable equipment and is currently focused on supporting reproduction in the livestock industry. There is currently no quality control standard for vets, farmers and AI technicians to check semen quality before reproduction, this results in the average UK dairy farmer losing £37,000 each year due to poor conception rates (which have dropped by 40% over the past 20 years costing Europe 2 billion euros each year).
Invented by physicists, with over 30 years of experience studying complex fluids at the University of Edinburgh, and validated by vets the technology provides an easy-to-use, automated and portable instrument for semen analysis. The Dyneval technology offers the most reproducible motility measurements and works for any concentration of semen above 1million/mL. The company’s goal is to become the “gold-standard” in semen assessment for use by anyone, anywhere.
Speaking about the EDGE17 funding award Dr Tiffany Wood, Founder and CEO, said “The team at Dyneval is absolutely delighted to have won the Scottish Edge. This award will accelerate our market readiness and growth to build a Scottish business that will have a strong and positive impact on the profitability and sustainability of dairy farming, worldwide.’”
Dr Vincent Martinez, Founder and CTO, said, “I feel speechless and honoured to have won this award from such a prestigious competition.”
Dyneval will be using part of this funding to design instrumentation control software with Firefinch Software
Barry McHoull, Director, Firefinch Software commented “It is an exciting time to be partnering with Dyneval. It’s a time of innovation and growth for Scottish life sciences and we are delighted to continue to be part of it through this project. We look forward to working with the Dyneval team to bring their product to launch”
Tiffany Wood, CEO of Dyneval Ltd continued “Firefinch were recommended to me through one of their clients and, on meeting, we discovered that Firefinch’s knowledge of instrument control and experience in designing software for users in the LifeScience sector offered Dyneval the highest potential for rapid progress. With their help, we look forward to being market-ready this summer.”
Mark Bustard, CEO of IBioIC, added: “Dyneval is a great example of the kind of world-leading innovation we are looking to support – the company is a worthy winner of the IBioIC Award, which recognises future leaders in biotechnology. We are proud to support Scottish Edge through our sponsorship, providing co-funding for the £100,000 prize and helping the next generation of start-ups and entrepreneurs to make meaningful change through their groundbreaking research and development.”
