Maynooth spin-out buzzing with optimism

 

Beemune Ltd - a new company spun out from NUI Maynooth - has been formed to tackle one of the biggest threats to global food production - the widespread disease and premature death of the world's bee population.

The Tanaiste said the new firm has the potential to immediately begin solving a major problem for the US$500 billion global food crop industry.

Beemune is an Enterprise Ireland-supported spin-out which will lead to significant wealth creation and high value job creation over the next 3 years. It is an export company, selling into the US$3.5 billion commercial honeybee market with its main focus on US, Australia and New Zealand, the Tanaiste said.

Over the past decade, commercially managed honeybees, vital for the production of up to 40pc of all fruit and vegetables, have suffered from increasing ill health due to factors - including monoculture, parasites, new pesticides and reducing gene pools.

This problem was greatly exacerbated in 2007 by a phenomenon called Colony Collapse Disorder (CCD) in which almost two-thirds of the entire commercial bee population was wiped out during the winter hibernation season. The causes of CCD are not yet understood, but the problem is most acute in the United States, with mainland Europe and Australia also affected.

Beemune's products are food additives, developed after more than two years of research at NUI Maynooth by Dr Kevin Kavanagh, a world renowned expert in insect biology and immunology. Current trials have shown that the products rapidly improve the health and vitality of bee colonies and Beemune expects to bring its low-cost, highly effective products to the worldwide market in 6-18 months.

Test products are currently being produced at NUI Maynooth in support of ongoing field trials. The company intends to reinvest a significant proportion of its revenues to build a substantial Research and Development centre in Ireland over the next 3 years.

With the natural honeybee population no longer sufficient to support agriculture, farmers around the world have become increasingly reliant, over the last 30 years, on commercially managed bee colonies to pollinate their crops. In the US alone, there are 2.5m bee hives, of which 1.5m are used to commercially pollinate crops, moving with the seasons, from farm to farm, crop to crop, pollinating the foods that ultimately end up on consumers' tables in every country. This industry is worth an estimated €3.5 billion globally.

View video - Click Here