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Genetics company Equinome launches Australian office

IRISH equine genetics company Equinome is establishing a sales and marketing office in Australia.

The announcement was made at an event held in Enterprise Ireland's offices in Sydney, which was attended by Ireland's Minister for Transport, Tourism & Sport, Leo Varadkar TD.

It means that Equinome, established in 2009 by Dr Emmeline Hill, a University College Dublin genomics scientist, in partnership with trainer Jim Bolger, will be in a strong position to strengthen their sales and marketing activities throughout the Asia-Pacific region.

Speaking following the announcement, Minister Varadkar TD said: "Equinome's Australasian office marks a new chapter for this pioneering Irish company. The company's genetic tests for Thoroughbred horses are truly innovative and have the potential to make a significant contribution to the further development of the Thoroughbred industry.

"This new office will enable Equinome to gain a foothold in the very important Asia-Pacific region. It's great to see a company with roots in University College Dublin, and based on Irish research, making progress into this high potential market."

Equinome is currently headquartered at NovaUCD, the Centre for New Ventures and Entrepreneurs at the University, but also has laboratory facilities within the University and at Jim Bolger's training yard in County Kilkenny, Ireland.

Equinome's managing director, Donal Ryan, is currently based in Australia to establish the new office and to recruit a sales and marketing team.

"The opening of our new Australasian sales office is another exciting step in Equinome's development," he said. "With our business growing rapidly in the region it was necessary to establish a permanent base here to meet the increasing demand for our services and to provide enhanced support to our existing customers.

"Australia and New Zealand are world leaders in the bloodstock industry and home to many of the world's finest Thoroughbred racehorses, and we look forward to continuing to work closely with many of the top breeding and training operations here while expanding out our regional presence."

This latest development follows the launch in 2010 of Equinome's first test, the Equinome Speed Gene Test and subsequent launch of the Equinome Elite Performance Test in 2011.

Equinome has secured clients in USA, Australia, New Zealand, Hong Kong, Ireland, UK, France, Russia and Singapore.

Commenting on Equinome's announcement, Professor Peter Clinch, UCD Vice-President for Innovation, said: "Equinome's announcement to establish an office in Australia, a key target market for the company, is a significant development for this innovative University College Dublin spin-out company which was founded only a few years ago to commercialise the outputs of UCD research activities."

He added: "The continuing success of Equinome demonstrates the quality and international reach of start-up companies emerging from University College Dublin."

 

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