Working for Irish Breeders

Dragons Den - THE RESULT

30-January-18
Dragons Den - THE RESULT

ITBA EXPO'18 inpartnership with Conolly Red Mills and kindly sponsored by AIB

Hosted an Dragon's Den type business competition to embrace and showcase technology and innovation within the Irish Bloodstock Industry

One of the original entrepreneurs on Dragons' Den well known businessman Sean Gallagher took on the role as lead dragon. ITBA had the ambition to recognise the entrepreneuriallism, innovation diversity and talent of equine business across the Irish thoroughbred sector. The competition which was divided into three categories; innovative/business for breeders under 30, best start up award serving the thoroughbred industry, best established SME serving the thoroughbred industy;tested industry leaders of all ages through the ackknowledgement of innovative business processes, product development, enterprise, sustainability, marketing, taergets, route to market channels, scalability and overall business success. Equine MediRecord, who also won its own category of Innovative Initiative/Business for Under 30's went on to win the overall competition. From whcih they recieve a cash prize of €3,000, the lead found of Equine MedRecord Pierce Dargan and his business partner Simon Hillary will receive mentoring from the Sean Gallagher, Enterprise Ireland as well as PR advice from Briran Ourcell. Commenting on the competition ITBA CEO Shane O'Dwyer said "We are delighted with how the inagural Dragon's Den went, it was well recieved by the Irish Bloodstock Industry. We were exceptionally happy with the expertise of the dragons. It is important we embrace technology and nurture future leaders and this initiative by the Irish Thoroughbred Breeders' Association will provide a tremendous opportunity and platform for any wishing to showcase their business to both the Irish and International Bloodstock Industries".

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Overall Winner Equine MediRecord Profile:

Equine MediRecord develops, sells and maintains a mobie application and website making it easier to properly record medicines administered to racehorses and other bloodstock that is mandated under regulation. It is currently available on their website and through the app Store. The application was developed with the help of a number of racehorse trainers both in the UK & Ireland who are currently finishing their trials. It is the first application to be approved as compliant to replace the paper system by British and Irish regulators. Equine MediRecord is also in contact with other global regulators such as the Hong Kong Jockey Club.

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It is the first system globally that is accessible to private yards, veterinary surgeons and regulators. Currently all veterinary regulatory documents in the equine industry are based on paper. Anything that is given to a racehorse apart from regular feed or water must be recorded in the Medicines Register, a book that is handed out by horse racing regulatory bodies to all registered trainers in order to allow them to record all medicines being administered. To inspect the Register the regulator must visit the yard, which is costly and inconvenient for both regulators and trainers, as the yard is shut down during inspection. Failure to keep this book updated can lead to fines, or suspension of a trainer's license. Moreover, the Register can be lost, damaged or become illegible. Tainers can view all of the horses under their care electonically, can choose the prescribed treatment from a list that will autofill with all the relevant details and also delegate the task of recording the medicines to an assistant or vet by simply requiring that they accept the record by push notification. The system also records non-regulatory data such as training schedules, horse weights and feed notes.

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Winners from the other categories are as follows:

Best established SME serving the Industry went to Jim McGill of Mount Mills for his Flax seed oil.

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and our third category Best Start up SME serving the Industry went to Margaret Wilson for her company Equine Data Solutions

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