Nigeria - Startup under 3 years old

Describe your project or startup in a few words

We converts agricultural waste into eco-friendly biofuel and more, providing 30% cost savings and cleaner energy for families and enterprises, while fostering community growth.

01.01 Describe your startup in more detail

Nigeria generate 542.5M tons of agricultural waste, which could potentially yield 25.3B cubic metre of biogas and 88.19m tons of biofertilizer. Over 120m household rely primarily on firewood for cooking, 100,000 die annually, at least 450,000 women die in 5 years, 15.3m lack access to electricity, cooking cost 1500-2000 naira a day, leading to economic loses , health risks from waste pollution and smooke exposure and persistent energy poverty. We target 120m household ages 18-60, 70% biomass energy user and 90% reside in rural areas. We distribute via cylinder, tanks for future growth etc. Firewood and charcoal, lpg, others renewable energy companies and biofertilizer is chemical fertilizer industries. We promote his internal sales, agent, social media etc. $10 million by 2026 - $15 million by 2027 - $20 million by 2028. Team: Eke, CEO Woome, Eng. Omie, Accnt.

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

We produce biogas for energy, biofertilizer for agriculture, biochar for soil enhancement and carbon sequestration, pellets for clean fuel, and biodiesel for sustainable transportation. Our processes support a circular economy, promoting environmental and economic sustainability. Committed to innovation, we offer solutions that cater to the growing demand for green energy and organic farming practices.

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

Ilode Bio Energy is revolutionizing sustainability in Nigeria, creating over 100 jobs and stimulating the local economy through support of farmers and agri-businesses. Nationally, it's enhancing energy security and contributing to environmental goals, while also earning foreign exchange through bio-product exports. Globally, the company is positioning Nigeria as a leader in bioenergy, aiding in the achievement of Sustainable Development Goals and showcasing African innovation in eco-friendly practices

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

Our target market 120m adults age 18-60, 65% of energy and 90% whom resides in the rural areas. customers socioeconomic status includes low and high income earners who are connected to agriculture, impacting both urban and rural communities. The company's services are relevant to various family sizes and extend to farmers, laborers, and others within the agricultural supply chain. It addresses long-standing waste management issues exacerbated by traditional practices and a lack of sustainable alternatives.

01.05 When was your company established?

2022-05-22

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

2

01.08 Among the other owners, how many are female?

1

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

Omie Miubile, CAO, BSc in accounting is a member of the Chartered Accountants of Nigeria. She has 3 years of experience at First Bank Wome Iboh, Process Engineer, BSc in Production Technology, ENREP. Establish quality standards, repair broken equipment, organise and draw up a production schedule, pick equipment and maintain it.

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

https://www.facebook.com/ilodebioenergy

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

Ilode Bio Energy converts agricultural waste into clean energy and biofertilizer, creating jobs and stimulating rural economies. This innovative approach reduces waste management costs and directly contributes to achieving the UN's SDG of poverty eradication.

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

Ilode Bio Energy tackles Zero Hunger by converting agricultural waste into biofertilizers, boosting food production and availability, and supporting sustainable agriculture for food security, aligning with the UN's SDG to end 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

Ilode Bio Energy promotes Good Health and Well-being by generating clean energy, reducing air pollution and related health issues, and producing biofertilizers that enhance soil and crop health, supporting nutritious diets and aligning with the UN's SDG for health.

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

Ilode Bio Energy supports Quality Education by providing sustainable energy for schools, ensuring uninterrupted learning, and offering vocational training in renewable energy, aligning with the UN's SDG for 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

Ilode Bio Energy supports Gender Equality by providing jobs, training, and incentives for women, and sustainable energy that reduces burdens like firewood fetching, promoting education and economic opportunities for girls and women, aligning with the UN's SDG for 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

Ilode Bio Energy's solutions contribute to clean water and sanitation by: - Implementing sustainable agriculture practices that reduce water pollution - Developing innovative water management systems for efficient use - Promoting access to clean energy for water treatment and pumping - Supporting community development programs that include sanitation infrastructure - Encouraging eco-friendly waste management practices Our commitment to sustainable development and community well-being aligns with the Clean Water and Sanitation goal, ensuring a positive impact on the environment and local populations.

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

Ilode Bio Energy is dedicated to ensuring access to affordable and clean energy for all. Our solutions include: - Developing sustainable bioenergy systems that provide reliable and renewable energy - Implementing energy-efficient technologies that reduce costs and environmental impact - Promoting community-based energy projects that increase access and affordability - Supporting research and development of new clean energy technologies - Encouraging policy initiatives that support the transition to sustainable energy By addressing energy poverty and promoting sustainable energy solutions, we contribute to a future where energy is accessible, affordable, and clean for all.

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Ilode Bio Energy promotes economic growth by creating jobs in the sustainable energy sector and supporting local agriculture through biofertilizer production. We provide decent work opportunities, upskill employees, and contribute to a greener economy. Our business model fosters inclusive growth by targeting underserved communities, thus aligning with SDG 8.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Ilode Bio Energy drives industry and innovation with cutting-edge sustainable energy tech, enhancing efficiency, R&D, entrepreneurship, and infrastructure development, aligning with UN goals.

02.10.01 My startup contributes to the Reduced inequalities goal

6

02.10.02 Reduced inequalities - Justification for my startup

Ilode Bio Energy contributes to reducing inequalities by providing affordable and sustainable energy solutions to underserved communities. By converting agricultural waste into bioenergy, the startup addresses energy poverty and health risks associated with traditional cooking methods. This initiative empowers rural households economically and promotes gender equality by reducing the time women spend collecting firewood. Additionally, the production of biofertilizer supports local agriculture, creating jobs and fostering economic growth. Ilode Bio Energy's approach aligns with SDG 10 by leveling the playing field for marginalized populations and contributing to a more equitable society.

02.11.01 My startup contributes to the Sustainable cities and communities goal

6

02.11.02 Sustainable cities and communities - Justification for my startup

Our solution contributes to Sustainable Cities and Communities by providing renewable energy, reducing greenhouse gas emissions, and promoting sustainable agriculture practices. Our approach also supports social inclusion, economic growth, and environmentally resilient infrastructure development, aligning with the United Nations' Sustainable Development Goal of Sustainable Cities and Communities.

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

Our solution contributes to Responsible Consumption and Production by utilizing agricultural waste to generate renewable energy, reducing waste, and promoting sustainable resource management. Our approach also encourages efficient resource use, minimizes emissions, and supports circular economy principles, aligning with the United Nations' Sustainable Development Goal of Responsible Consumption and Production.

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Our solution contributes to Climate Action by generating renewable energy from agricultural waste, reducing greenhouse gas emissions, and promoting sustainable land use practices. Our approach also supports the transition to a low-carbon economy, enhances carbon sequestration, and mitigates the impacts of climate change, aligning with the United Nations' Sustainable Development Goal of Climate Action.

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

Ilode Bio Energy's conversion of agricultural waste into bioenergy reduces deforestation and soil erosion, protecting watershed health and lessening runoff into oceans. This helps conserve marine ecosystems. The use of biofertilizers also decreases the reliance on chemical fertilizers, preventing oceanic dead zones and supporting sustainable marine resource use.

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

Our solution contributes to Life on Land. Our sustainable agriculture practices promote soil conservation, efficient water use, and biodiversity preservation. We also support reforestation efforts, combat desertification through sustainable land management, and protect natural habitats. Our approach aligns with the United Nations' Sustainable Development Goal of Life on Land, working to preserve and restore terrestrial ecosystems for future generations.

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

Ilode Bio Energy contributes to societal peace and justice by promoting social cohesion and fair practices, indirectly supporting the UN's goal for strong institutions through sustainability efforts.

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

Our solution contributes to Partnerships for the Goal. We actively collaborate with global stakeholders, sharing knowledge and expertise to advance sustainable development. Our approach mobilizes resources, fosters innovative partnerships, and promotes collective impact, aligning with the United Nations' Sustainable Development Goal of strengthening global partnerships for sustainable development. By working together with diverse partners, we accelerate progress towards a more sustainable future.

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

1 - Strongly Disagree

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

7 - Strongly Agree

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

7 - Strongly Agree

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.

5

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.

7 - Strongly Agree

06.08 Justification for my startup

Ilode Bio Energy's solution is a groundbreaking, innovative approach to sustainable energy and agriculture. Our technology integrates cutting-edge biotechnology, renewable energy, and precision farming, creating a new paradigm for rural development. By addressing unmet needs in energy access, sustainable agriculture, and community development, our solution responds to a significant market demand. Our innovation extends existing solutions, improving efficiency, scalability, and impact. With its unique blend of technology and social impact, Ilode Bio Energy sets a new standard for sustainable development.

06.09 Competitive Analysis

Firewood and charcoal are direct competitors. Kerosene, coal, and natural gas are competitors who

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

Yes, Ilode Bio Energy is committed to promoting the role of female entrepreneurs in our community. we have taken action in: - Organizing mentorship programs and workshops specifically for women-led startups and small businesses - Partnering with local organizations to provide training and resources on entrepreneurship, leadership, and business management for women - Creating a network of female entrepreneurs and professionals to share experiences, advice, and support - Providing internship and job opportunities for women in our company, with a focus on skills development and career advancement - Celebrating and showcasing the achievements of female entrepreneurs through social media campaigns and events. We believe that empowering women entrepreneurs is essential for building a more inclusive and prosperous community.