Dyneval awarded £100K as IBioIC EDGE winner at Scottish EDGE17 awards final

May 2021

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.”

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Notes to editors

For further information, images and interview opportunities with Dyneval, please contact:

Dr Tiffany Wood - Chief Executive Officer and Co-founder

Email: tiffany.wood@dyneval.com / Mobile: +44 (0) 7816 166362

About Dyneval

The Dyneval team of highly respected scientists, engineers and investors includes:

Dr Tiffany Wood (Founder and CEO), complex fluids physicist,  co-founded the Edinburgh Complex Fluids Partnership (ECFP), University of Edinburgh, in 2012 to commercialize research in life and chemical sciences.

Dr Vincent Martinez (Founder and CTO) is a recognised authority on the measurement of microscopic motion and published over 22 papers in leading scientific journals while at the University of Edinburgh.

Richard Cooper (Chairman), an experienced engineer, entrepreneur and investor. He helps steer the founding team.  Richard is a founder and the Vice-Chairman of Novosound

Advisors: Matt Dobbs, Director of the AgriEPI Centre; Stuart Maclennan, Agricultural and healthcare entrepreneur; Phil Elkins, business development executive; Germán Graff, international veterinary business development and Dr Sarah Martins Da Silva, Senior Lecturer in Reproductive Medicine at the University of Dundee.

For more information www.dyneval.com    

About the Scottish Edge17 awards

Scottish EDGE is a competition aimed at identifying and supporting Scotland’s up-and-coming, innovative, high-growth entrepreneurial talent, it is supported by the Royal Bank of Scotland, the Hunter Foundation, the Scottish Government and Scottish Enterprise - has had an unquestionable impact on the Scottish economy.

To date, EDGE has awarded over £16 million to 428 Scottish businesses. In the last round of Scottish EDGE, cash prizes of over £1 million were shared amongst 33 winners across four different competition categories.

For more information www.scottishedge.com

About the Industrial Biotechnology Innovation Centre

Industrial Biotechnology Innovation Centre (IBioIC) was established in 2014 to stimulate growth of the Industrial Biotechnology (IB) sector in Scotland.  The National Plan for Industrial Biotechnology set a £900m turnover target to be achieved by 2025.  In 2012 industrial biotechnology turnover in Scotland was less than £200 million, and as of 2019 the figure has grown significantly to £747 million (representing an increase of over 270%), helping it to become a powerhouse of Scotland’s economy.  

IBioIC is recognised as a European centre of excellence and connects world-leading industry with outstanding academic expertise and government to bring new IB processes and products to the global market.

The Centre facilitates collaborations, provides scale-up capabilities, creates networks and develops skills. During 2019-20 IBioIC invested £1.25m in facilities, access to equipment and IBioIC educational programmes through connections with eighteen Scottish universities and research institutes and four further education colleges, with the University of Strathclyde taking a co-ordinating role.

The IB sector makes an important contribution to the Scottish economy, while also reducing our impact on the environment. The growth of IB will help Scotland transition from being an economy largely based on fossil fuels to a more modern, cleaner model, fit for the future.

For more information www.IBioIC.com