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Limerick Firm Signs Major License Agreement Monsanto Company (NYSE:MON) and Limerick-based biotechnology firm, Stokes Bio Limited, announced that they have entered into a licensing agreement and R&D collaboration, which is expected to help accelerate the pace of new advancements in plant breeding. Under the agreement, which is a significant global win for Irish research, Monsanto has exclusive rights to Stokes Bio’s patented technology for use in agriculture. Mark Davies and Tara Dalton
In plant breeding, genotyping or gene analysis is used to identify the seeds or plants with the most desirable characteristics, such as better yield or disease resistance. Currently, gene analysis is limited by the number of samples that can be processed at one time and the turnaround time per sample. Stokes Bio’s system utilises microfluidic technology that can provide the same evaluations using much smaller sample sizes - as little as 1/1000th of what is currently required - which continually flow through the system in nanoliter-size droplets. The instrument can evaluate up to 100,000 data points per hour, making it more efficient than any currently-used methods of gene analysis. It is capable of generating more data in less time, using less sample and reagent, and at a lower cost than existing technologies. Stokes Bio will deliver a number of these
next-generation genotyping instruments to Monsanto this year. “Monsanto’s strength lies in our robust discovery engine which fuels our industry-leading R&D pipeline” said Bob Reiter, vice president of breeding technology for Monsanto. “We are constantly looking for opportunities to collaborate with other companies and adopt new technologies that could help speed up the rate of scientific discovery. More efficient gene analysis means we can leverage this knowledge in our technology pipeline and be able to offer our farmer customers innovative products that boost productivity on the farm, faster than ever.” Stokes Bio was established in 2005 by Mark Davies and Tara Dalton, with financing from Kernel Capital, as a spin-off company from the Stokes Institute at University of Limerick. In addition to Kernel Capital, the University of Limerick and Enterprise Ire-
land also are shareholders in the company. “The new technology has applications in areas ranging from plant genetics through the entire spectrum of human healthcare,” said Mark Davies, co-founder of Stokes Bio. “These new instruments will allow identification of plants with the best gene pool at a much earlier stage. It is necessary to look beyond the technology to appreciate what a step forward this could be in terms of food production.” The agreement is an excellent validation of Stoke Bio’s core platform, said Daniel O’Mahony, a partner in Kernel Capital. “We believe Stokes Bio’s technology will revolutionise gene expression profiling in the future,” O’Mahony said. Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality.
European Commission launches the European Entrepreneurship Video Awards 2010 The search for Europe’s most creative film on what it takes to be an entrepreneur has started once again. For the second time, the European Commission’s DirectorateGeneral for Enterprise and Industry invites imaginative filmmakers to participate in the European Entrepreneurship Video Awards (EEVA 2010). Participants can register until 9 April 2010 at ec europa. eu/eeva2010.
of life”, “Entrepreneurship – Challenges and rewards” and “Entrepreneurship – The way into the future”. For each category a winner, a second place and a third place video will be awarded - € 3,333, € 2,222 and €1,111, respectively. In addition, five of the best contestants aged 25 or younger who have not qualified for one of the nine prizes in the above named categories, will be awarded € 555 each.
The European Entrepreneurship Video Award is divided into the following categories: “Entrepreneurship – A different way
The competition is open to all citizens or residents of a Member State of the European Union, Norway, Iceland, Liechtenstein,
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Croatia, the former Yugoslav Republic of Macedonia, Montenegro, Albania, Serbia, Turkey and Israel. The European Entrepreneurship Video Awards are part of the European SME Week, an initiative aiming to promote entrepreneurship across Europe and to inform entrepreneurs in small and medium sized enterprises (SMEs) about the support available for them at European, national, regional and local level.
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