A business that helps beekeepers globally prevent losses and increase the productivity of their hives has been named Bank of Ireland/ IGNITE Business of the Year 2017.
ApisProtect was founded by Fiona Edwards-Murphy and helps commercial and amateur beekeepers, managing 81 million beehives globally who are losing up to 50% of their colonies each year by using in hive IoT enabled sensors, machine learning and world class beekeeping knowledge to help them identify hive problems, diseases and pests.
Last night's event celebrated the achievements of the 7th cohort of Recent Graduate Entrepreneurs who participated in the 12 month business incubation programme. Ten aspiring Recent Graduate Entrepreneurs, who have just commenced the programme, were also introduced on the night. Sponsored by Bank of Ireland, EY and JW O’Donovan Solicitors, awards were presented in front of an invited audience including Lord Mayor of Cork City, Cllr Tony Fitzgerald; Lord Mayor of Cork County, Cllr Declan Hurley and the President of UCC, Professor Patrick G. O’Shea.
Two further awards were made in recognition of business planning and innovation. The EY/ IGNITE Business Plan Award went to Conor Lyden of TrustAp, a new transaction platform that acts as a safety net for consumers when they’re buying and selling online. Trustap holds the buyer’s money until the transaction has completed and subsequently financial losses to consumers are eliminated.
While the JW O’Donovan Solicitors/IGNITE Innovation Award was presented to Kaushik Shanmugam of Lacidem, for the most innovative use of technology. Lacidem is a wearable technology company that provides solutions which enable hospitals to proactively monitor post-surgery/treatment cardiac patients remotely and predict abnormalities. Kaushik came up with the idea when he lost his friend who suffered a heart attack, which motivated him to find a solution to monitor patients outside hospitals efficiently.
Supported by Cork City Council, Cork County Council, the Local Enterprise Offices of Cork City and County, Bank of Ireland, and University College Cork, IGNITE is open to all recent graduates from any discipline and from any 3rd level institution in Ireland.
Speaking last night, Head of Bank of Ireland – Cork City and Chair of the judging panel, Sean Byerley said, "The calibre of the business presentations this year was extremely high, and it’s very encouraging to see that a number of the start-ups we met are well on the road to success having already generated sales revenue or raised finance. Each of the start-ups that presented to the judging panel demonstrated true entrepreneurial spirit and steadfast determination; and each has the potential to develop a successful business."