Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Aquatrack is leveraging technology to improve and advance the Aquaculture industry, We are a blue-tech company that is empowering fish farmers with our management tool and community, connecting consumers with our marketplace, and ensuring sustainability.

01.01 Describe your startup in more detail

Aquatrack is leveraging technology to improve and advance the Aquaculture industry, We are a blue-tech company that is empowering fish farmers with our management tool and community, connecting consumers with our marketplace, and ensuring sustainability. with are eliminating the traditional methods and introducing smart fish farming in Africa and across Africa.

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

Here at AquaTrack, we are trying to solve the following problems 1. Loss of records. 2. Inaccurate records. 3. poor farm Management. 4. Poor Market Access. 5. Poor farming practices. 6. Limited Knowledge sharing.

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

Fish Farmers tend to gain when using Aquatrack because they get informed data to increase their produce. and access to a large community and a large marketplace to increase their profits. The advantage of Aquatrack is that Fish Farmers will always stay updated on the go and make more profit and increase their stocks.

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

Here at Aquatrack we aim to serve the; 1. Fish Farmers 2. Seafood consumers 3. Seafood marchants. 4. Hotels and Restaurants 5. Fish feed and equipment sellers. 6. Industry consultants and agents 7. Industry Experts etc.

01.05 When was your company established?

2023-08-13

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

1

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.)

Miss Busola Falope Founder and CEO of AquaTrack with a BSC in Electrical Electronics Engineering and over 5 years of Experience in Fish Farming. She also has over 2 years of experience in product design and product development.

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

https://www.aquatrackinc.com

01.11 Which industry best describes your project?

l) Farming

02.01.01 My startup contributes to the No poverty goal

4

02.01.02 No poverty - Justification for my startup

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

Aquatrack aims to equip farmers with all the tools they need to thrive and make profits and when a farmer can thrive, they increase their stocks that way, they have enough supply to meet the demand of the people. thus reducing hunger.

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

4

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

02.04.01 My startup contributes to the Quality education goal

3

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

4

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

3

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

4

02.08.02 Decent work and economic growth - Justification for my startup

02.09.01 My startup contributes to the Industry innovation and infrastructure

2

02.09.02 Industry innovation and infrastructure - Justification for my startup

02.10.01 My startup contributes to the Reduced inequalities goal

1 - Strongly Disagree

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

2

02.11.02 Sustainable cities and communities - Justification for my startup

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

Aquatrack aims to equip farmers with all the tools they need to thrive and make profits and when a farmer can thrive, they increase their stocks that way, they have enough supply to meet the demand of the people.

02.13.01 My startup contributes to the Climate action goal

3

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

3

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification for my startup

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

1 - Strongly Disagree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification for my startup

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

7 - Strongly Agree

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.

6

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

2

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

1 - Strongly Disagree

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

Aquatrack is a great innovation and while there are some competitors they are either out dated or lack the comprehensive features that Aquatrack is offering.

06.09 Competitive Analysis

While there are several competitions directly or indirectly, they are mostly outdated or lack the features and functionalities to effectively manage a modern fish farm. Aqua Track's comprehensive features give it a competitive edge over all the other competition. some competitors are; 1. AquaMnara 2. Fishward 3. jiji 4. Agriculture Nigeria

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

Yes, we are actively partnering with organizations like the Aquabashy Fisheries Foundation, which empowers women in the fisheries and aquaculture sector. We believe in supporting initiatives that create opportunities for female entrepreneurs.