Micron Agritech, an Irish agritech company that develops parasite testing kits for animals, has secured funding as part of a Welsh hackathon focused on the agritech sector.
Menai Science Park (M-SParc), which operates out of Bangor University, ran the M-Sparc Agri Hack, allowing 12 teams pitching AI solutions to agricultural challenges.
Micron Agritech was one of two winners to share in the £135,000 prize, which was provided by the Welsh government.
The other winner was Wales-based Dewin.Tech, an IoT company that develops long-range wireless sensors, which can be mounted onto gates and farm buildings.
Following the event, M-SPac’s managing director, Pryderi ap Rhisiart, said the range of solutions pitched could truly transform agriculture for the better in the very near future.
“We’re proud to be able to play our part in bringing these innovators together for the benefit of Welsh agriculture and finding ways to support them to bring their solutions to life,” he said.
Wales’ economy minister, Vaughan Gething, said it was good to see how initiatives such as the M-SParc Agri Hack is delivering.
“It’s also positive to see how new links with Ireland are being created with the participation and success of Micron Agritech who will now have a presence in North Wales.”
Micron Agritech is a spin-out of TU Dublin, was founded in 2019 by Tara McElligott, Sean Smith, Jose Lopez Escobar and Daniel Izquierdo Hijazi.
The start-up aims to change animal health testing with its parasite testing kit, Micron Kit, which delivers on-site testing and rapid results.
With the new funding, the company’s Micron Kit will be partially developed at M-SParc, providing the company with research links at Bangor University.
Smith, Micron Agritech’s commercial director and co-founder said the team is excited about the collaboration. “Our team in Dublin is growing rapidly and this is a welcome opportunity to expand by hiring someone in Wales who will add value to our core team,” he said.
In December 2020, the Dublin-based start-up raised €500,000 in seed funding, including participants such as animal health company Bimeda, agritech venture capital fund The Yield Lab Europe and Enterprise Ireland.
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