There are two major problems we observed that our company is providing solution through Black soldier fly (BSF) (Hermetia fly). The challenge of waste management in our society (leftover food, fruits, vegetables), and high cost of poultry feed and farm inputs. The company engaged in BSF farming converting the organic waste through larvae. Larvae can be use as a valuable alternative feed to conventional feed in poultry feeding by farmers, and is waste residue as animal manure for planting. The adult female BSF lay eggs which harvested and transfer to the nursery room to hatch within 3 days and become larvae, fed on the processed decomposed organic waste, it grows within 16 days. We compete in poultry feed market which in 2020 was $345 Billion globally. We have competitors in feed millers who produces conventional feed but the advent of cheap Larvae which comprise 35% protein 30% crude fat choices has been made. We needs $7,500 to expand and acquire automated machine for BSF processing.
Sectors | Animal farming, Crop farming, Fish farming |
Location | Lagos, Nigeria |
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