Bee Smart Technologies AD (Бии Смарт Текнолоджис АД) (Bulgaria)

The great mission of Bee Smart Technologies is to save the bees from extinction. In the past 7 years, the company has been developing avant-garde technologies for remote monitoring of beehives and innovative business models for fair trading of bee products. The company's portfolio includes the IoT BeeBot and Hivebase devices, as well as the popular subscription service „Apiary Hive”. Through its online store, the company managed to increase its revenue 28 times over the last 2 years. In 2015 the company started the development of the remote monitoring system with the flagship product – BeeBot. As one of the first companies in the field of beehive optimization, they managed to reach clients on 5 continents and receive many awards. In 2019 the company recognizes the need to create an ecosystem in which they can distribute value to more stakeholders. Based on this need they developed the Adopt a Hive program which combines e-commerce and digital experience for private and corporate customers, called the Tamagotchi experience. The hybrid business model combining IoT technologies and innovative e-commerce gives them an advantage over their competitors because of the sustainable ecosystem of producers, green corporations and customers of bee products created. In the next 2 years, they are planning to expand their operations in Central and Western Europe with adapted and improved products. To achieve that they need to hire key professionals, and invest in building their network and sales channels.