AAD selected as one of 52 finalists out of nearly 2,500 applicants from 87 countries
More than 20% of the companies selected represented agtech, food and water in the competition inspired by the United Nation’s 17 Sustainable Development Goals (SDGs). “It should be no surprise ag is prominent in XTC because livestock producers and farmers fight for SGGs of zero hunger, good health, and responsible production every day,” said AAD CEO and beef producer Joy Parr Drach. “But when it comes to venture capital funding, food and agtech garnered less than 7% of all dollars invested globally in 20191, so it’s rewarding to see more representation at XTC.”
“I’m glad to see the work of our employees and collaborators validated by this recognition as a global XTC finalist” said Parr Drach. “AAD’s mission of ensuring a safe, abundant supply of animal protein is directly aligned with XTC’s goal of addressing major challenges to humanity and the planet.”
AAD has developed a line of rapid, animal-side tests under the QScout brand name coupled with a web-based data management platform. These products are being used by livestock producers to better target antibiotic use while improving profitability.
The chute-side QScout® BLD test identifies cattle at-risk for developing respiratory disease that would benefit from antibiotic treatment, allowing veterinarians and beef producers to make earlier, more effective and profitable treatment decisions. Trials have demonstrated a significant reduction in overall antibiotic use.
About Advanced Animal Diagnostics
Advanced Animal Diagnostics (AAD), Morrisville, N.C., provides livestock producers with diagnostics that improve profitability and empower more precise care of animals, so they live healthier, more productive lives. AAD is committed to researching, developing and commercializing the industry’s most reliable, on-farm diagnostic tests, such as QScout BLD test to determine need for antibiotic intervention and predict outcomes of fed cattle tested on arrival and QScout MLD test for early detection of subclinical mastitis in dairy cows. With its diagnostic offerings, the company aims to empower real-time management decisions that increase productivity, prevent losses, improve animal welfare and protect the food supply. For more information, visit www.QScoutLab.com or call 1-855 Q2COUNT.
1Crunchbase projects that roughly $294.8B was across the venture spectrum in 2019. Venture investment in ag and food technology was $19.8B in 2019 according to AgFunder.