Ifymoto Processing Industries
The way we produce proteins today places an increasingly heavy strain on land and sea resources. It requires a large amount of increasingly scarce resources (water and land for soya meal, and fish catch for fishmeal). Over 30% of the world's fish stocks are overexploited.
Tons of wastes are generated in cities and communities across the globe. The world generates over 1.3 Billion tonnes of food wastes annually which end up in landfills, generating large volumes of the toxic greenhouse gas - Methane.
3.3 gigatonnes Greenhouse gases are released from food wastes disposed in landfills globally.
My solution (Insect farming) has the potential of effectively replacing fishmeal and soymeal (which are associated with depletion of Ocean’s resources, distortion of balance below the ocean and deforestation) with maggot-meal in the formulation of livestock feeds. My solution also helps in mitigating the release of Greenhouse gases from food wastes deposited in landfills
The way we produce proteins today is unsustainable and places an increasingly heavy strain on land and sea resources. It requires a large amount of increasingly scarce resources (water and land for soya meal, and fish catch for fishmeal). Livestock producers account for 14.5% of global Greenhouse Gas emissions.
4 out of the 9 environmental factors that support Life on Land have exceeded the "danger" threshold - Human-driven climate change, Land system change, Loss of the Integrity of the Biosphere & Nitrogen flowing into Oceans occasioned by Fertilizer usage.
Over 30% of the world's fish stocks are overexploited, distorting the natural balance of the ocean which absorbs about 30% of the Carbondioxide produced by humans.
Tons of wastes are generated in cities and communities across the globe. The world generates over 1.3 Billion tonnes of food wastes annually. Food wastes that end up in landfills generates large volumes of the toxic greenhouse gas - Methane.
3.3 gigatonnes Greenhouse gases are released from food wastes disposed in landfills globally.
By 2050, the world would have over 9.5 billion people to feed on a daily basis even as the global protein deficit is projected to hit 60 million tons by 2050
My solution (Insect farming) has the potential of effectively replacing fishmeal and soymeal (which are associated with depletion of Ocean’s resources, distortion of balance below the ocean and deforestation) with maggot-meal (derived from insects), in the formulation of livestock feeds. My solution also helps in mitigating the release of Greenhouse gases from food wastes deposited in landfills
Millions of adult Black Soldier Flies (Hermetia illucens) are housed in specially designed cages using artificial lighting systems, they mate and each fly lays between 500 – 900 eggs. The eggs are Incubated and hatch into hatchlings which then transform into young larvae after a few days. The larvae are voracious feeders and are fed with tons of organic wastes like Brewery grain wastes, waste fruits and other food industry leftovers. After about 14 days after hatching, these larvae are ready to be harvested using a sifting machine. After harvesting they are then washed in boiling water and sold either in their fresh form or in their dried form (after drying them with a drying machine. 10% of these larvae are not harvested but used to replenish our army of flies to continue the production cycle again.
My solution mainly targets farmers of monogastric animals especially Catfish, Poultry and Pigs. I have carried out a market survey to understand the needs of my target customers after which I tested the product in these market segment to further validate these needs. As I develop the solution, I am engaging them using social media platforms (WhatsApp and Facebook), phone calls and my website. The solution will address their needs by reducing their production costs by over 50% as livestock feeds account for over 70% of total cost of production.
- Support small-scale producers with access to inputs, capital, and knowledge to improve yields while sustaining productivity of land and seas
Maggot (insect) farming helps to ramp up the supply of proteins (estimated to be a deficit of 60 million tons by 2050) needed for raising livestock in a cost-effective and sustainable manner. Its sustainability advantage is such that it mitigates the depletion of our oceans of its fishes and the destruction of forest and fauna to cultivate Soybean both of which are unsustainable inputs for feeds.
It also seeks to close the loop of the food system and solve the problem of food wastage/spoilage by utilizing waste food in feeding our insects which have an incredibly efficient waste-to-protein conversion mechanism.
- Pilot: An organization deploying a tested product, service, or business model in at least one community
- A new business model or process
What makes my solution innovative lies in the harnessing of the waste-to-protein bioconverson machinery of insects. My solution is a departure from the conventional inefficiency in the world's food system. We believe we can reduce wastes and utilize 20% of the world's resources to generate 80% of the food we consume while reducing carbon footprint and greenhouse gases released into the environment.
The use of modular smart technologies which makes for automation and leverages artificial intelligence is the technology my business model needs for scale.
- Artificial Intelligence / Machine Learning
Insect (maggotmeal) reduces the production costs of livestock farmers. Livestock feeds account for 70% of total production costs. This will reduce the cost of animal proteins and also reduce the reliance on environmentally unsustainable use of fishmeal and Soymeal in Livestock feeds.
Also, insectmeal has a potential of being the major direct protein source in human diets as several millions of people already consume insects in their diets. Maggotmeal contains essential amino acids and fatty acids. This solution can solve the food crisis as the gestation period for the Black Soldier Fly Maggots is two weeks, so this can be scaled in very little time to achieve food security.
Lastly insect-derived proteins can be produced more efficiently and quickly than proteins produced by other forms of animal husbandry as it up less land, water and has a much more shorter gestation period.
- Low-Income
- Middle-Income
- 1. No Poverty
- 2. Zero Hunger
- 12. Responsible Consumption and Production
- 13. Climate Action
- 14. Life Below Water
- 15. Life on Land
- Nigeria
- Nigeria
Currently my solution serves 3 Catfish farmers. In the next one year this will increase to 50 while in five (5) years time, we will be serving over 200 livestock farmers
Within the next year my goals are to produce 10 tons of insect proteins. Also, within the next 5 years my goals are produce over 100 tons of insect-derived proteins to feed the ever-increasing global population
The major barriers that currently exists for me to achieve my goals are financial and technological barriers. I need access to finance to the tune of $10 million which will enable me procure automation technologies, smart systems and technical support needed for scale.
Within the next five years I will seek for funding from Venture Capital firms while giving out some equity, and strike the right partnership with Insect Systems a company specialized in producing automation technologies for entrepreneurs in this space.
- For-profit, including B-Corp or similar models
6 people work on my team.
Full-time: 2
Part-time: 4
Members of my team have background and experiences in Biochemistry, Entomology and Parasitology, Brand/Communications Strategy, Business Administration and Sales & Marketing
We currently partner with these organizations
1. Nigeriann Breweries Plc: We source our wastes (Brewer's spent grains from them)
2. Unique Biotechnologies WA Limited (we source our Black Soldier Fly Eggs from them)
We plan to partner with these organizations in the next 18 months
1. MagProtein Limited
2. Insect Systems Limited
Value Proposition: To provide alternative Protein solutions to monogastric Livestock farmers to help them reduce their production costs and enhance profitability
Products: Live, Dried and pulverized Black soldier fly maggots
Target Customers: Catfish farmers, poultry farmers and pig farmers located in the southern parts of Nigeria who compound their own feeds
Channels: We deliver products using delivery/logistics companies and also plan to deliver through distributors/feeds stores
Cost Structure: Black Soldier Fly eggs, Machines/Equipment, waste Procurement, Logistics
Revenue streams: Sales of Fresh, Dried and Pulverized Black Soldier y larvae (Maggots) and Sale of Black Soldier Fly Eggs
Key Partners: Unique Biotechnologies WA Limited, MagProtein Limited, Nigerian Breweries Plc, Flour Mills Plc
- Organizations (B2B)