Nutreco Feed Tech Challenge 2018

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Full business case submitted

Inseckt Farm

Farming Insects For Animal Feed. We're partnering with nature that is eco- friendly and sustainable.

 We chose this because protein is an essential component in feed, but there are environmental and health concerns about existing sources. Insects provide alternative protein, as well as other nutrients, in a sustainable and natural way. Inseckt protein uses crickets and mealworm larvae in a whole, flaked or ground form.

 Insect Production VS. Crop Production:

 2X More Protein

200X Less Water

10,000X Less Land

0 (Zero) Pesticides and Fertilizers

2000X Less CO2

 

Nutritional benefits of insects as feed:

1. Insects are protein-rich sources of food

2. Insects are rich in micronutrients, including iron and vitamins

3. Insect protein is the real key to the viability of insects as a livestock feed source. Many experts even believe that insects could help solve the problem of global food scarcity. Why? Because more than 1,900 insect species are edible, by humans and livestock, which means the potential to become a sustainable food supply is legitimate.

Insects are part of a natural diet for foraging farm animals such as chickens and fish. Insects need less food to produce protein, use less space, less water, and make less waste. They are high in iron, calcium and omegas making them the best. Insects are nutritionally superior than traditional sources of protein in feed. Insects can be 5% higher in protein than soy meal. Chitin acts like a probiotic to contribute to a healthy immune system.

Describe the problem your company wishes to solve and how your product or service will solve it

Many farmed fish and poultry is fed with fishmeal made of fish caught by deep-sea fishing and soy beans. The costs of conventional feed resources such as soymeal and fishmeal are very high and their availability in the future will be limited. A 60-70% increase in consumption of animal products is expected by 2025. This increase in the consumption will demand enormous resources, the feed being the most challenging because of the limited availability of natural resources, ongoing climatic changes.

Livestock farmers currently use fish meal and soy based feed. Industrialized fishmeal takes advantage of small, oily fish species such as mackerel and herring. It takes 4-5 metric tons of these fish to process just 1 metric ton of fishmeal. We’re depleting an exploited ocean, and robbing ourselves of one meat source to feed another meat source. Soy is produced as a crop monoculture; monocultures rid the soil of nutrients, so farmers use synthetic fertilizers/chemicals to keep the crop.

The cost of feed in Nigeria has gone up 100% since 2016 making it difficult for poultry, pig and fish farmers to make profit. There is a lack of large-scale farmers in Nigeria due to the vast land and capital inputs to harvest protein based vegetable crops. A 100kg bag of maize, which used to cost about N6,000 ($12.50) in April 2016, is now being sold for about N14,000 ($29.17). A kilogramme of fish meal that used to sell for N500 ($1.04) now costs about N800 ($1.67).

Insects are part of a natural diet for foraging farm animals such as chickens and fish. Insects need less food to produce protein, use less space, less water, and make less waste. They are high in iron, calcium and omegas making them the best. Insects are nutritionally superior than traditional sources of protein in feed. Insects can be 5% higher in protein than soy meal. Chitin acts like a probiotic to contribute to a healthy immune system.

Our technology is significantly more efficient at producing protein than traditional methods of production as our insects are vertically farmed and not restricted to floor space or area.

 On 0.5 hectares of land, we can produce over 100 Tons of Ineckt Meal every single month. 

Describe other business assistance that you are seeking from Nutreco

We want to get an outsider’s perspective on some of our most pressing challenges in the agriculture industry. Attending this program will give us a chance to step back, sort through, think creatively, reflect, re-invent and experience work from a whole new perspective. We want to develop a network that we can connect with as we scale our business. We want to attend this program because we need access to capital in order to scale the business as the demand for our product grows. We need access to quality mentors that can help us in both our supply chain and distribution of our product.

Are you available to participate in the final event in the Netherlands 28, 29, and 30 May? All expenses will be covered by Nutreco

Yes

Describe how the prize - a validation trial in our facilities - could boost the development of your business

The prize will help us on building better infrastructure, IoT hardware, software development and livestock.


 The prize could help us achieve our milestones which are:


 – Establishing a business model that turns a profit


– Developing a marketing strategy that helps us expand


– Maintaining customer loyalty and reaching over 10,000 customers in the first year

If you already have a website for your business, please share the URL

www.inseckt.com

Tagged users
edited on Mar 29, 2018 by Amaete Umanah

teresa debesa 2 months ago

The idea has been progressed to the next milestone.

Reply 1

Amaete Umanah 2 months ago

Thank you very much.

Reply 0

Chris van Bussel 2 months ago

Hi Joshua, thanks for you submission. I had a look at your website, it looks great! Can I aske you how much you are producing at the moment, and what your plans are for up-scaling? Both for farming as for processing? Also could you tell me something about the feed source for the crickets?

regards,

Chris

Reply 4

Amaete Umanah 2 months ago

Hi Chris,

We are at prototype and looking to scale up in the near future. We are focusing more on rearing Black Soldier Fly Larvae (BSFL) and will feeding them on brewers waste and vegetables.

Reply 0

teresa debesa 2 months ago

The idea has been progressed to the next milestone.

Reply 2

Amaete Umanah 2 months ago

Awesome!

Reply 0

Adaugo Okafor 2 months ago

This is a nice project, wish you all the best!

Reply 1

Amaete Umanah 2 months ago

Thank you very much.

Reply 0

Uche Obada 2 months ago

The idea looks promising. Best wishes always!

Reply 1

Amaete Umanah 2 months ago

Thank you very much. We are hoping to disrupt the protein market in Nigeria.

Reply 0

teresa debesa 2 months ago

Status label added: Full business case submitted

Reply 1

Amaete Umanah 2 months ago

Thank you very much.

Reply 0

Ani Oko 2 months ago

Great idea. I love it.

Reply 1

Amaete Umanah 2 months ago

Thank you very much Ani.

Reply 0

Anthony Edem 2 months ago

We will love see this take off in Nigeria

Reply 1

Amaete Umanah 2 months ago

Trust me, we are doing everything we can to make this possible.

Reply 0

Daniel Essien 2 months ago

This is a great idea!

Reply 1

Amaete Umanah 2 months ago

Thank you bro.

Reply 0

Daniel Essien 2 months ago

This product is just what may disrupt the feed and food industry in Africa. There's a huge demand for alternative protein sources to meet the needs of the continent's growing population. I see endless benefits of this product. Thumbs Up!

Reply 1

Amaete Umanah 2 months ago

Daniel, as I stated above, the cost of feed in Nigeria has gone up 100% since 2016 making it difficult for poultry, pig and fish farmers to make profit. There is a lack of large-scale farmers in Nigeria due to the vast land and capital inputs to harvest protein based vegetable crops. A 100kg bag of maize, which used to cost about N6,000 ($12.50) in April 2016, is now being sold for about N14,000 ($29.17). A kilogramme of fish meal that used to sell for N500 ($1.04) now costs about N800 ($1.67).

Reply 0

Ifeanyi Abraham 2 months ago

Impressive project from a team with a track record of success

Reply 1

Amaete Umanah 2 months ago

Thank you very much.

Reply 0

Abbi Junaid 2 months ago

Very amazing idea

Reply 1

Amaete Umanah 2 months ago

Thank you very much.

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Havilah2 2 months ago

Hey Ama, this is an awesome stuff. Great to see you moved ahead with this idea. It appears revolutionary in my opinion. Wish you best of lucks.

Users tagged:

Reply 1

Amaete Umanah 2 months ago

Havillah, I am working tooth and nail to see this project though.

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Jossy Onwude 2 months ago

Love the Idea!

Reply 1

Amaete Umanah 2 months ago

Thank you very much.

Reply 0

Kunbi Okwong 2 months ago

This is a brilliant and innovative idea. Looks very promising especially for Nigeria. Well done Ama

Reply 1

Amaete Umanah 2 months ago

Thank you very much Kunbi.

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Dave Partner 2 months ago

This seems to be the best idea so far. Improving feed quality and at the same time reducing the price is just pure genius.

Reply 1

Amaete Umanah 2 months ago

Thank you so much Dave.

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Azuka Nnolim 2 months ago

Everything, even humanity was once an idea. Locust (low cost) concept with maximal productivity... organic for that matter! Bring it on!! !

Reply 1

Amaete Umanah 2 months ago

Thank you Azuka.

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Hanson Johnson 2 months ago

This is impressive. If you are crazy enough to want to rear insects, I will be crazy enough to support you.

Reply 1

Amaete Umanah 2 months ago

LOL! Thank you Hanson. I am that crazy to rear insects.

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Dee castro 2 months ago

Oh wow! This is amazing like! Good luck with it..keeping fingers crossed

Reply 1

Amaete Umanah 2 months ago

Thank you very much Dee.

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Adeshola Ekpo 2 months ago

organic is healthy and if this can be achieved in Nigeria it will be nice.

Reply 1

Amaete Umanah 2 months ago

Adeshola, it is amazing and it can be achieved in Nigeria.

Reply 0

Precious Chukundah 2 months ago

Awesome innovation. Food business never dies. Also think of humans in your next food invention.

Reply 1

Amaete Umanah 2 months ago

Thank you very much Precious.

Reply 0

Victoria Ibiwoye 2 months ago

This is an innovative idea, definitely worth the investment! All the best.

Reply 1

Amaete Umanah 2 months ago

Thank you very much Victoria.

Reply 0

Kelechi Ofoegbu 2 months ago

Go team Inseckt Farm!

Reply 1

Amaete Umanah 2 months ago

Thank you Kelechi

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ochuko king komiti 2 months ago

Amazing stuff, Good one guys... this is definitely going to disrupt the food and feed industry in Africa and the World at Large. Weldone

Reply 1

Amaete Umanah 2 months ago

Thank you Ochuko

Reply 0

NoziphoPr Gigaba 2 months ago

A sound and interesting business idea.al

Reply 1

Amaete Umanah 2 months ago

Thank you Nozipho

Reply 0

NoziphoPr Gigaba 2 months ago

A sound and interesting idea. Well done guysWell

Reply 1

Amaete Umanah 2 months ago

Thank you Nozipho

Reply 0

Sylvia Ofili 2 months ago

Very interesting. Will definitely visit your farm the next time I am in Nigeria. Good luck!

Reply 1

Amaete Umanah 2 months ago

Thank you Sylvia and you are welcomed anytime.

Reply 0

Victor Aj 2 months ago

This is interesting.!! The cost of feeding is what kills most poultry farmers while the chain stores buy farm yield below cost price. Thanks for bringing this on. the future seems bright for the local farmers. All the best guys

Reply 1

Amaete Umanah 2 months ago

Thanks Victor. You are so right. Poultry feed is way too expensive and so is fish feed in Nigeria. Cost of feed is gradually rising and out of the the reach of local farmers. I'm really trying to fix that with Inseckt.

Reply 1

Maple Dappa 2 months ago

I can only imagine how revolutional this will be with further research and resources to but the right structures in place. We spend heavily on insecticides, but with solutions like this we can save more money while using insects (even beyond crickets) to enhance food security. This idea deserves my bet!

Reply 1

Amaete Umanah 2 months ago

Thank you so much for your vote of confidence Maple.

Reply 0

Onyi Ogboh 2 months ago

Good step in the right direction. Except I'm not up to speed, I this is possible the first of its kind here in Nigeria. Push on with all you've got. It's worth it.

Reply 1

Amaete Umanah 2 months ago

Thank you Onyi. There are local farmers that farm insects in Nigeria but not on the scale I am proposing to do.

Reply 1

Onyi Ogboh 2 months ago

OK.. I understand. You are on a much larger scale, which is a tangible innovation. Blessings Brother.

Reply 1

Amaete Umanah 2 months ago

Thanks bro.

Reply 0

View all replies (3)

Tosin Adekoya 2 months ago

This is amazing and really innovativee it

Reply 1

Amaete Umanah 2 months ago

Thank you Tosin

Reply 0

Precious Goggins 2 months ago

A great no waste idea.

Reply 1

Amaete Umanah 2 months ago

Thank you Precious.

Reply 0

Anthony Alaribe 2 months ago

Wow. This is really awesome. I'll definitely be keeping an eye. Wish you the best with the competition.

Reply 1

Amaete Umanah 2 months ago

Thank you very much Anthony.

Reply 0

Tosin Adekoya 2 months ago

This is amazing and really innovative. I'd love to see how this unfolds.

Reply 1

Amaete Umanah 2 months ago

Thank you very much Tosin.

Reply 0

SedaCanela 2 months ago

This is a revolutionary, disruptive idea! I can't wait to see how this changes our world for the better.

Reply 1

Amaete Umanah 2 months ago

Than you very much Seda

Reply 0

Nky Iweka 2 months ago

Well done Amete!! This is a fantastic initiative. I hope you get the funding you need. Best of luck x

Reply 1

Amaete Umanah 2 months ago

Thank you very much Nky

Reply 0

Rashidat Mikairu 2 months ago

Great stuff, wish you the best!

Reply 1

Amaete Umanah 2 months ago

Thank you very much Rashidat

Reply 0

Cara Mel 2 months ago

This is a fantastic product. Looking forward to see how this project can scale.

Reply 1

Amaete Umanah 2 months ago

Thank you very much Cara

Reply 0

Oluwayomi Adebule 2 months ago

Good job. Putting bold innovative ideas out theer and

Reply 1

Amaete Umanah 2 months ago

Thank you very much.

Reply 0

Keji Giwa 2 months ago

Pretty awesome idea and make real good sense. If it can work it could contribute to saving the planet.

Reply 1

Amaete Umanah 2 months ago

Thank you Keji

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solomon chigozie 2 months ago

This is a commendable project.

Reply 1

Amaete Umanah 2 months ago

Thank you Solomon

Reply 0

Celestine Omin 2 months ago

This is impressive.

Reply 1

Amaete Umanah 2 months ago

Thank you Celestine.

Reply 0

Ifedayo Oladapo 2 months ago

Mission critical

Reply 1

Amaete Umanah 2 months ago

Yes it is.

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Ada Enugu 2 months ago

Wow! Ama, I am super proud of you. Keep it up.

Reply 1

Amaete Umanah 2 months ago

Thanks Ada.

Reply 0

simon therrien 2 months ago

Very nice Project Amaete ... best project ive Seen here ... I wish you the best
Simon from Canada

Reply 1

Amaete Umanah 2 months ago

Thanks Simon.

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Jacob Oyebanji 2 months ago

Awesome idea!!! Sustainable protein rich food for animals. Inserts might also become human's main source of protein in future because it's relatively cost effective!!!

Reply 1

Amaete Umanah 2 months ago

Thanks Jacob

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Wallz 2 months ago

Beyond the technical creativity that I see here, I am quite easily drawn to issues of sustainability. I see an industry emerging from this venture because it easily presents a win-win for the environment. This is a digital insertion to the food chain which makes great sense. Kudos for such good thinking and planning.

Reply 1

Amaete Umanah 2 months ago

Thanks Wale

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