THIRD WAVE TECHNOLOGIES INC /WI
S-1/A, EX-23.1, 2001-01-08
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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<PAGE>   1

                                                                    EXHIBIT 23.1


                         Independent Auditors' Consent


The Board of Directors
Third Wave Technologies, Inc.


We consent to the references to our firm under the captions "Selected Financial
Data" and "Experts" and to the use of our report dated October 20, 2000 (except
for Note 3 as to which the date is December 27, 2000) in the Registration
Statement (Form S-1) and related Prospectus of Third Wave Technologies, Inc.
dated January 8, 2001.

                                       /s/ Ernst & Young LLP

Milwaukee, Wisconsin
January 5, 2001


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