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“The research and validation work we embarked on with the Innovation Voucher Scheme from Enterprise Ireland gave us a very data-driven solid foundation as a platform to be able to make sound strategic decisions and move to the next stages of our ambitions” – Dr Liam Byrne, Head of Technical and Business Development, TriviumVet
The global companion animal health sector market has been growing like never before, along with the rising numbers in the adoption and purchase of pets. This has created a need for more sophisticated and efficient therapies for animals and the mission of TriviumVet is to deliver ground-breaking innovative healthcare solutions to bridge the treatment gaps in veterinary healthcare for these companion animals.
Founded by a seasoned group of entrepreneurial experts, the Waterford-based company now has many breakthrough veterinary therapeutics in the pipeline and has been named in Ireland’s top 100 start-ups for the second year running. Dr Liam Byrne, Head of Technical and Business Development at TriviumVet, who has a background in chemistry, joined the company two years ago and from his time in Waterford company EirGen Pharma was familiar with the Enterprise Ireland Innovation Voucher Scheme.
The company is on a fast-moving trajectory around product development and needed to push research and development around formulation, good manufacturing process, scale-up plans and more. This stage was crucial before moving to the clinical aspects and proof of concept, safety studies and field studies before approval to ensure all safety and standards are being met along with regulatory and licensing requirements for the European and US markets.
Working with three academic institutions – TU Tallaght, Waterford IT and Liam’s alma mater Dublin City University, TriviumVet used the Enterprise Ireland Innovation scheme vouchers to embark on proof of concept research for a number of their products. As part of this product development, TriviumVet used an Enterprise Ireland Innovation Voucher and worked with the PMBRC Gateway in WIT to carry out research allowing them to proceed with clinical studies of their treatment – an exciting project which is currently underway.
“The work we did through the voucher scheme went from an idea that we were examining, to us being able to validate that theory with lots of data and reports that we could use to then create a portable point of care test. We were in a position to avail of specialist skills that we did not have in-house,” explained Liam. “We were able to research and investigate and without this process it wouldn’t have been possible to know if this would work. It went from a concept we were talking about to reality”.
Liam Byrne points out that the innovations have helped TriviumVet to build up the foundations of their business and they hope in the future to be able to develop a suite of diagnostic tools and have not just one test but a range of them. “The innovation vouchers allowed us to find our feet in a relatively risk free way. We now benefit with a clear path forward and are in a position to move to the next steps of development of these biosensors and their commercial development”.
“I would highly recommend companies to get involved in the Enterprise Ireland Innovation Voucher process,” says Liam. “The process is very user friendly and they are happy to guide you. It is also very beneficial to partner with an academic institution. If you’re trying to answer a technical problem or trouble shoot an issue or if you are trying to test whether a concept is valid, the innovation voucher can be invaluable”.