Honeybees are a pillar of our food chain – over a third of the food we eat depends on them. Nectar will help beekeepers grow thriving honey bee colonies to answer the rising demand in pollination services.
Nectar is a technology company that is seeking to bring tracking, data, analytics, and connectivity to the beekeeping industry. It is tackling the status quo method of apiary management whereby beekeepers must physically visit each hive to individually inspect the presence and severity of hive health issues.
Beyond being time intensive and costly, the traditional methods have been struggling in the face of mounting new threats to bee survival each year. These include pesticides, pests and diseases, which have caused their survival environment to become increasingly delicate. This has resulted in a colony loss rate of 40% per year on average, globally.
The beekeeping market is widely underserved in useful technologies to prevent colony losses and lower operating costs. Nectar benefits the ecosystem in the following ways:
Honeybees – Estimated to decrease hives mortality rate from 40% to 30% in the short-term and to 15% over a 5 year period
Beekeepers – Beekeepers will see a payback on their investment within the first year of acquisition and subscription. Over a five year period, Nectar will unlock $299 ROI per hive by reducing hive-related operating costs and increasing revenues
Farmers – Growing bee pollination-dependent crops – A healthy apiary is a more productive apiary