BioAtlantis Ltd. are a partner in Science Foundation Ireland’s new world-class Bioeconomy Research Centre, “BEACON”. The centre was launched by An Taoiseach, Leo Varadkar in Dublin Castle, 7th September 2017, along with An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald, TD, and the Minister for Training, Skills, Innovation, Research and Development, John Halligan, TD. BEACON will be directed by University College Dublin, Ireland. The project description is as follows:
The modern world is dependent upon fossil resources to produce everyday items that we consume. Since these resources are finite and depleting, it is essential to develop alternative technologies based on renewable biological resources. The future economy must use biological resources sustainably to produce valuable goods, such as bioactive molecules, chemical building blocks, plastics, fuels, and energy. This future economic activity is referred to as the bioeconomy. In Ireland, the agri-food and marine sectors produce high volumes of residues during food production. The conversion of these residues to higher value products will create new business opportunities. New value chains will allow these industries to diversify and add value to the sector, increase resource efficiency and complementing food production activities. 80% of agri-food companies are in rural Ireland; thus, the bioeconomy will be a key driver to stimulate rural and agricultural redevelopment. The BEACON SFI Research Centre addresses multiple scientific, technological and social challenges to convert this vision into reality.