Nigeria - Business creation project

Describe your project or startup in a few words

NewAge feed is an innovative venture focused on producing sustainable feed for poultry and fish feed using locally sourced and organic ingredients such as insect protein, agricultural by product, algae and vegetable

01.01 Describe your project in more detail

NewAge feed provides maximum high nutrient feed for poultry and fish using eco-friendly ingredients. This project aims to address environmental and economic challenges related to conventional feed production by providing an alternative that reduces waste and promotes healthier livestock and agriculture practices.

01.02 What is the main problem you are trying to solve?

Poultry and fish feed often rely on soy and fish meal which greatly contribute to deforestation, overfishing and environmental degradation. Also poultry and fish feed are expensive and affects profits of small scale farmers and their sustainability but NewAge feed uses sustainable ingredients including agricultural waste and insect protein to create food thereby reducing dependency on environmentally harmful materials

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Developing a market eco feed, a sustainable feed made from locally sourced organic materials. This feed will be environmentally friendly, nutritional balanced and affordable for farmers

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

NewAge feed aims to serve a wide range of stakeholders in the agriculture and aquaculture sectors,

01.05 When did you start working on your project?

2021-03-04

01.06 How many other partners are associated with your business venture?

4

01.07 Among the other partners, how many are female?

2

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

My partners include research who come up with new and effective ways to improve on our eco friendly feed

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

01.10 Which industry best describes your project?

b) Materials (agriculture, fishing, chemical products, construction materials, containers and packaging, metals and mining, paper and forest products)

02.01.01 My project contributes to the No poverty goal

6

02.01.02 No poverty - Justification

NewAge aims at creating local production facilities for fish and chicken feed, jobs are created in processing, farming and distribution which can reduce poverty in rural areas. It also increases the profitability of smallholder farmers, helping them achieve economic stability

02.02.01 My project contributes to the Zero hunger goal

6

02.02.02 Zero hunger - Justification

By providing cost-effective animal feed, Eco Solution Feed helps reduce the cost of animal production, potentially lowering food prices and improving food security.

02.03.01 My project contributes to the Good health and well-being goal

2

02.03.02 Good health and well-being - Justification

NewAge feed aims at providing high-quality, nutritious feed that supports animal health and reduces the need for antibiotics. Also, contributing to the production of healthier animal products for human consumption.

02.04.01 My project contributes to the Quality education goal

5

02.04.02 Quality education - Justification

New age aims at supporting research work which will come up with new ideas on how to improve on the feed

02.05.01 My project contributes to the Gender equality goal

6

02.05.02 Gender equality - Justification

NewAge feed promotes gender equality by ensuring that women have equal access to training, resources, and employment opportunities in the feed production sector. Also we aim at showing support to women-led farms and businesses, contributing to their economic empowerment.

02.06.01 My project contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

6

02.07.02 Affordable and clean energy - Justification

NewAge fed aims at creating jobs in the recycling and feed production sectors. • Local Economies: Supporting local economies by sourcing waste from local food producers and retailers.

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

We aim at establishing feed production units creates jobs in various stages of the supply chain, contributing to local economic growth and we also encourage sustainable business practices in feed production supports long-term economic development

02.09.01 My project contributes to the Industry innovation and infrastructure

6

02.09.02 Industry innovation and infrastructure - Justification

NewAge feed aims at improving local infrastructure for feed production and distribution supports broader industrial development.

02.10.01 My project contributes to the Reduced inequalities goal

5

02.10.02 Reduced inequalities - Justification

NewAge feed will ensure marginalized and disadvantaged groups have access to training and employment opportunities in the feed production industry.

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

Strengthening the connection between urban markets and rural feed production facilities promotes regional development.

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

Using agricultural by-products and waste materials in feed production promotes resource efficiency and circular economy practices. NewAge feed also aims at Implementing eco-friendly and organic production methods reduces environmental impact and promotes sustainable consumption.

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

By lowering reliance on soy and fishmeal, which are associated with deforestation and overfishing, reduces greenhouse gas emissions.

02.14.01 My project contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification

We believe at NewAge feed that by using sustainable ingredients like algae and insect protein reduces the pressure on marine ecosystems. Also, avoiding fishmeal and promoting alternative protein sources helps protect marine biodiversity and ecosystems.

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

NewAge feed comes up with sustainable feed production practices that promote soil health and reduce land degradation.

02.16.01 My project contributes to the Peace justice and strong institutions goal

2

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

NewAge feed looks forward to partnering with governments, NGOs, and private sectors to promote sustainable feed production and achieve the SDGs.

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

4

05.02 The product/service we envision creating represents an entirely new type of product/service.

7 - Strongly Agree

05.03 The product/service we envision creating could be described as a new technology.

7 - Strongly Agree

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

5

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

5

05.08 Justification

NewAge feed improves environmental sustainability, cost efficiency, resource conservation, and nutritional value, while also contributing to greenhouse gas reduction, regulatory compliance, economic opportunities, and positive public perception.

05.09 Who are your main potential competitors and what makes you stand out from them?

NewAge feed carves out a distinct niche in the animal feed industry, appealing to both environmentally conscious consumers and cost-sensitive businesses. NewAge also embodies a circular economy model by turning waste into valuable resource appealing to environmentally conscious customers

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

I participate in charity works supporting widows to start up a business or sometimes extend a helping hand by distributing foodstuffs and clothes to widows and children and also supporting their business plans with the support available at my disposal