Nigeria - Startup under 3 years old

Describe your project or startup in a few words

EcoOil Solutions transforms contaminated oils from mechanic sites and jetties into eco-friendly home, furniture, and floor polishes. We utilize advanced filtration and refining techniques to promote sustainable waste mgt and reduce environmental pollutio

01.01 Describe your startup in more detail

EcoOil Solutions is an innovative initiative by Kuros Consult Limited, a pioneering startup firm known for its impactful projects such as Tech Them Young and SparkxyFix. Kuros Consult specializes in addressing critical societal challenges through sustainable and technologically advanced solutions. EcoOil Solutions aims to tackle the pressing problem of oil waste management, which results in severe environmental hazards including water and soil contamination. Mechanics, jetties, and industrial sites often generate large quantities of used and contaminated oil, which are frequently disposed of improperly, causing pollution and health risks. By collecting, treating, and refining these oils into eco-friendly home, furniture, and floor polishes, EcoOil Solutions not only mitigates pollution but also promotes resource recovery, sustainable industrial practices, and the creation of green jobs. This project exemplifies Kuros Consult's commitment to sustainable development, environ protection.

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

EcoOil Solutions, an initiative by Kuros Consult Limited, aims to solve the pressing problem of oil waste management. Mechanics, jetties, and other industrial sites generate large quantities of used and contaminated oil, often disposed of improperly. This improper disposal leads to severe environmental hazards, including water and soil contamination, which pose significant health risks to surrounding communities. EcoOil Solutions addresses this issue by collecting, treating, and refining these oils into valuable, eco-friendly products such as home, furniture, and floor polishes. This approach not only reduces environmental pollution but also promotes sustainable resource recovery, contributing to a cleaner and healthier environment.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

Environmental Protection: EcoOil Solutions significantly reduces environmental pollution by preventing contaminated oil from being improperly disposed of in water bodies and soil. By refining and repurposing waste oil into eco-friendly products, the project helps protect ecosystems and promote a cleaner, healthier environment. Resource Recovery and Sustainability: The project promotes the sustainable use of resources by recycling and reusing contaminated oils. This process conserves natural resources, reduces the demand for new raw materials, and minimizes waste, contributing to a circular economy. Economic and Social Impact: EcoOil Solutions creates green jobs and supports local economies by establishing a new industry focused on environmental sustainability. The project provides training and employment opportunities, particularly for women and underrepresented groups, fostering economic development and social equality.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Environmental Regulators and Government Bodies: EcoOil Solutions supports government efforts to manage waste and protect the environment. Industrial and Commercial Sectors: Mechanics, jetties, and other industrial sites are primary beneficiaries as they can partner with EcoOil Solutions for efficient and environmentally friendly disposal of their waste oils. Consumers: Eco-conscious consumers benefit from the availability of high-quality, eco-friendly home, furniture, and floor polishes. Local Communities: Communities near industrial sites and water bodies benefit from reduced environmental pollution and improved public health due to the proper management and recycling of waste oils. Job Seekers and Entrepreneurs: The startup creates new job opportunities, particularly in the green economy sector. Women and Underrepresented Groups: EcoOil Solutions is committed to gender equality and social inclusion, providing training and employment opportunities for women and underrepresent.

01.05 When was your company established?

2022-11-09

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

1

01.08 Among the other owners, how many are female?

2

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Becky Clement, the visionary owner of Kuros' Consult Limited, holds a Bachelor's degree in Geography and Environmental Management. With extensive experience in environmental impact assessments and urban beautification, Becky combines academic expertise with practical skills in sustainable development. She has led numerous community-based projects, transforming urban spaces and fostering environmental awareness among residents. Becky’s proficiency in Geographic Information Systems (GIS) and data analysis underpins her strategic approach to urban planning. Her role as a social media strategist has been instrumental in engaging diverse audiences and promoting eco-friendly initiatives. Becky's ability to build partnerships and engage stakeholders ensures the successful implementation of sustainable projects. Her leadership at Kuros' Consult Limited reflects a deep commitment to creating livable, inclusive, and environmentally conscious urban environments, aligning perfectly with the goal

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

http://kurosconsult.com.ng/

01.11 Which industry best describes your project?

a) Energy (equipment, services, sustainable energy and fuel)

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

EcoOil Solutions' innovative approach to waste oil management and product development directly contributes to the UN Sustainable Development Goal of No Poverty. By creating jobs, empowering workers through skills development, supporting local economies, promoting inclusive employment practices, offering affordable products, and reinvesting in community development, the startup will play a significant role in poverty alleviation and sustainable economic growth.

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

EcoOil Solutions contributes to Zero Hunger by providing economic opportunities that enhance food security, supporting local agricultural initiatives, investing in community development, reducing environmental pollution that affects farming, and promoting sustainable practices. Through these efforts, the startup addresses both immediate and long-term challenges related to hunger and food security, playing a vital role in achieving the UN Sustainable Development Goal of Zero Hunger.

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

7 - Strongly Agree

02.03.02 Good health and well-being - Justification for my startup

EcoOil Solutions contributes to Good Health and Well-Being by mitigating environmental pollution, providing safer cleaning products, enhancing economic stability, supporting community health initiatives, raising awareness about health risks, and improving air and water quality. Through these multifaceted efforts, the startup plays a vital role in promoting overall health and well-being, aligning with the objectives of the UN Sustainable Development Goal of Good Health and Well-Being.

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

EcoOil Solutions contributes to Quality Education by implementing educational outreach programs, offering skills development and training, partnering with educational institutions, providing internships and apprenticeships, supporting scholarships, and establishing community learning centers. Through these initiatives, the startup enhances access to quality education, fosters environmental awareness, and equips individuals with the knowledge and skills needed for sustainable development, aligning with the objectives of the UN Sustainable Development Goal of Quality Education.

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

EcoOil Solutions contributes to Gender Equality by implementing inclusive employment practices, promoting women in leadership, ensuring equal pay and benefits, creating a supportive work environment, offering targeted training programs, advocating for gender equality, and partnering with women-focused organizations. Through these efforts, the startup actively works to eliminate gender disparities and empower women, aligning with the objectives of the UN Sustainable Development Goal of Gender Equality.

02.06.01 My startup contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification for my startup

EcoOil Solutions contributes to Clean Water and Sanitation by preventing water contamination, promoting safe waste disposal practices, enhancing water quality, supporting regulatory compliance, improving community health, raising awareness, and partnering for water conservation. Through these comprehensive efforts, the startup plays a crucial role in safeguarding clean water resources and promoting sustainable sanitation practices, aligning with the objectives of the UN Sustainable Development Goal of Clean Water and Sanitation.

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

EcoOil Solutions contributes to Affordable and Clean Energy by recovering energy from waste oils, reducing dependence on fossil fuels, supporting industrial energy efficiency, promoting sustainable practices, providing economic benefits and cost savings, offering educational outreach, and creating green jobs. Through these efforts, the startup supports the transition to cleaner, more sustainable energy sources and aligns with the objectives of the UN Sustainable Development Goal of Affordable and Clean Energy.

02.08.01 My startup contributes to the Decent work and economic growth

6

02.08.02 Decent work and economic growth - Justification for my startup

EcoOil Solutions contributes to Decent Work and Economic Growth by creating jobs, enhancing skills, promoting sustainable economic practices, supporting local economies, fostering inclusive employment, driving innovation, improving working conditions, and empowering individuals economically. Through these comprehensive efforts, the startup aligns with the objectives of the UN Sustainable Development Goal of Decent Work and Economic Growth, fostering a more inclusive, sustainable, and prosperous society.

02.09.01 My startup contributes to the Industry innovation and infrastructure

6

02.09.02 Industry innovation and infrastructure - Justification for my startup

EcoOil Solutions contributes to Industry Innovation and Infrastructure by driving technological innovation, promoting green technology development, investing in waste recycling infrastructure, collaborating with industry partners, providing capacity building and knowledge sharing, adopting sustainable supply chain practices, encouraging investment in sustainable technologies, and promoting resilient infrastructure development. Through these efforts, the startup supports the achievement of the UN Sustainable Development Goal of Industry, Innovation, and Infrastructure, fostering sustainable development and economic growth.

02.10.01 My startup contributes to the Reduced inequalities goal

6

02.10.02 Reduced inequalities - Justification for my startup

EcoOil Solutions contributes to Reduced Inequalities by providing employment opportunities for vulnerable groups, promoting gender equality in the workplace, empowering individuals through economic development, investing in skill development and capacity building, supporting community development initiatives, providing access to affordable products and services, and advocating for social inclusion. Through these efforts, the startup aligns with the objectives of the UN Sustainable Development Goal of Reduced Inequalities, fostering a more equitable and inclusive society.

02.11.01 My startup contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

EcoOil Solutions contributes to Sustainable Cities and Communities by reducing pollution, promoting resource efficiency, protecting the environment, developing green infrastructure, engaging communities, fostering partnerships, supporting economic development, and promoting sustainable consumption and production. Through these efforts, the startup aligns with the objectives of the UN Sustainable Development Goal of Sustainable Cities and Communities, contributing to the creation of inclusive, resilient, and sustainable urban environments.

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

EcoOil Solutions contributes to Responsible Consumption and Production by reducing waste, promoting a circular economy, maximizing resource efficiency, developing sustainable products, reducing environmental footprints, raising awareness, supporting regulatory compliance, enhancing economic viability, and encouraging sustainable business practices. Through these comprehensive efforts, the startup aligns with the objectives of the UN Sustainable Development Goal of Responsible Consumption and Production, fostering a more sustainable and responsible approach to industrial and consumer activities.

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

EcoOil Solutions contributes to Climate Action by reducing greenhouse gas emissions, promoting sustainable waste management, supporting renewable energy and biofuels, enhancing energy efficiency, fostering a circular economy, raising awareness, supporting climate resilience, encouraging sustainable business practices, and collaborating with partners. Through these comprehensive efforts, the startup aligns with the objectives of the UN Sustainable Development Goal of Climate Action, actively working to mitigate climate change and promote a sustainable future.

02.14.01 My startup contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification for my startup

EcoOil Solutions contributes to Life Below Water by preventing marine pollution, protecting aquatic life, supporting water quality improvement, promoting sustainable fishing practices, raising awareness, collaborating with marine conservation organizations, reducing coastal and marine debris, and encouraging industry responsibility. Through these comprehensive efforts, the startup aligns with the objectives of the UN Sustainable Development Goal of Life Below Water, actively working to preserve marine ecosystems and promote the health and sustainability of aquatic environments.

02.15.01 My startup contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification for my startup

EcoOil Solutions contributes to Life on Land by reducing land pollution, protecting biodiversity, enhancing soil health, promoting sustainable land management, raising environmental awareness, supporting reforestation and land restoration, reducing hazardous waste, encouraging sustainable agriculture, and collaborating with conservation organizations. Through these comprehensive efforts, the startup aligns with the objectives of the UN Sustainable Development Goal of Life on Land, actively working to protect and restore terrestrial ecosystems and promote the sustainable use of land resources.

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

6

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

EcoOil Solutions contributes to Peace, Justice, and Strong Institutions by promoting environmental justice, supporting regulatory compliance, enhancing transparency and accountability, fostering community engagement, reducing corruption and illicit practices, strengthening partnerships with institutions, supporting economic stability, advocating for sustainable policies, and educating for peace and sustainability. Through these comprehensive efforts, the startup aligns with the objectives of the UN Sustainable Development Goal of Peace, Justice, and Strong Institutions, actively working to build fair, inclusive, and sustainable societies.

02.17.01 My startup contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification for my startup

EcoOil Solutions contributes to Partnerships for the Goals by fostering multi-stakeholder collaboration, strengthening institutional frameworks, promoting knowledge sharing and innovation, mobilizing financial resources, enhancing community engagement, supporting capacity building, advancing the SDGs, encouraging corporate social responsibility, facilitating technology transfer, and advocating for policy and regulatory support. Through these comprehensive efforts, the startup aligns with the objectives of the UN Sustainable Development Goal of Partnerships for the Goals, actively working to build effective and inclusive partnerships that drive sustainable development.

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

2

06.02 The product/service represents an entirely new type of product/service.

5

06.03 The product/service could be described as a new technology.

5

06.04 The product/service is an improvement on an existing product or service.

6

06.05 The product/service could be described as an extension of a range of products or services.

6

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

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

3

06.08 Justification for my startup

EcoOil Solutions demonstrates a strong commitment to innovation across its operations, from technological advancements and product development to process optimization and collaborative partnerships. By fostering a culture of innovation, embracing disruptive technologies, and driving industry-wide change, the startup pioneers sustainable solutions that address pressing environmental challenges, drive economic growth, and create lasting positive impact.

06.09 Competitive Analysis

ECO OIL - company in Vietnam Strengths: Innovative waste oil recycling technologies that maximize resource recovery and minimize environmental impact. Strong emphasis on product innovation, with a diverse range of recycled products including home and furniture polishes. Extensive network of collection points and processing facilities, ensuring efficient waste oil collection and processing. Weaknesses: Limited brand recognition compared to established competitors in the waste management industry. Relatively higher upfront investment required for technology adoption and infrastructure development. Challenges in scaling operations and expanding market reach due to resource constraints and regulatory complexities. There is non yet in Nigeria

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

Tech Them Young Program: We offer specialized coding and technology workshops for young girls, encouraging their interest and skills development in STEM fields. Female Mentorship: We provide mentorship opportunities with successful female tech entrepreneurs who guide and inspire young girls to pursue careers in technology and entrepreneurship. (mostly exposing female entrepreneurs to scale in business through digital literacy. Leadership Training: We conduct leadership and business development training sessions focused on empowering young women to become future tech leaders and entrepreneurs. Networking Events: We organize events that connect young female tech enthusiasts with industry professionals, fostering a supportive community and opening up opportunities for collaboration and growth.