Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Cabax Farms NatureTech revolutionizes eco-friendly agriculture and renewable energy through sustainable palm oil production, biofuel innovation, and a tech hub. We create environmentally responsible solutions that enhance sustainability and efficiency.

01.01 Describe your startup in more detail

Cabax Farms NatureTech cultivates 500 palm trees, 90 plots of cassava plantation, and 90 plots of Maize (Corn) plantation. We are Improving our process to integrate Sustainable palm oil production, Biofuel from Waste of Corn, Palm Kernels, and cassava, and a Tech hub to train farmers and innovate. Cabax Farms NatureTech is pioneering sustainable agriculture and proposes renewable energy solutions. We will revolutionize eco-friendly initiatives through innovative practices in palm oil production and biofuel development, coupled with a dedicated tech hub. Our mission is to create environmentally responsible solutions that promote sustainability, efficiency, and community well-being.

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

Cabax Farms NatureTech addresses the pressing need for sustainable agriculture and renewable energy solutions. With environmental degradation and climate change threatening ecosystems, our business will tackle these challenges by pioneering innovative palm oil production and biofuel development practices. By integrating technology and sustainability, we aim to mitigate environmental impact and promote a greener, more sustainable future for future generations.

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

Cabax Farms NatureTech will offer a range of benefits stemming from our commitment to sustainability and innovation. Our sustainable palm oil production will ensure environmental conservation, biodiversity preservation, and ethical farming practices, promoting ecosystem health and supporting local communities. Our biofuel innovations will provide renewable energy alternatives, reducing carbon emissions and dependence on fossil fuels while fostering energy security and economic development. Our tech hub will facilitate research, development, and collaboration, driving technological advancements and enhancing agricultural and renewable energy productivity. Our products and services will offer a triple-bottom-line approach, delivering environmental, social, and economic benefits and contributing to a more sustainable and resilient future.

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

Cabax Farms NatureTech targets environmentally-conscious consumers, businesses, and industries seeking sustainable agriculture and renewable energy solutions. Our products will appeal to eco-friendly consumers, food manufacturers, and biofuel producers looking for ethically sourced palm oil and renewable energy alternatives. Our tech hub will attract researchers, innovators, and stakeholders in the agricultural and renewable energy sectors, fostering collaboration and driving technological advancements.

01.05 When was your company established?

2021-06-03

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?

0

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

ADIO BABATUNDE ABIODUN - CEO My role as a CEO in my organization involves strategic leadership, innovation, and business development within the agricultural technology sector. This includes setting our company's vision, building partnerships with farmers and agricultural stakeholders, overseeing product development, ensuring regulatory compliance, and driving growth through effective marketing and sales strategies. I am responsible for managing finances, attracting investment, and fostering a culture of innovation and collaboration within the organization.

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

https://www.instagram.com/cabax_farms?igsh=ZTM4ZDRiNzUwMw==, https://www.facebook.com/profile.php?id=100068433977611&mibextid=rS40aB7S9Ucbxw6v, https://x.com/CabaxF?t=okNvlE2kz_FXWrDJDbD5eA&s=09

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

SDG 1 (No Poverty): Promoting economic development and creating job opportunities in sustainable agriculture and renewable energy sectors.

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

SDG 2 (Zero Hunger): through sustainable palm oil production and biofuel innovation contributing to food security and agricultural sustainability.

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

By fostering environmental conservation and reducing air and water pollution through renewable energy alternatives.

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

Through our tech hub providing resources for research, development, and education in sustainable agriculture and renewable energy.

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

By promoting equal access to employment opportunities and women's empowerment in the workforce.

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

Through sustainable practices reducing water pollution and promoting efficient water use in agriculture.

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

By developing biofuel alternatives to fossil fuels, reducing dependence on non-renewable energy sources.

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

By creating employment opportunities and stimulating economic development in sustainable sectors.

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

Through our tech hub driving innovation and technological advancements in agriculture and renewable energy.

02.10.01 My startup contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification for my startup

By promoting equal access to employment and economic opportunities in sustainable sectors.

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

By promoting sustainable practices and technologies for urban agriculture and renewable energy.

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

Through sustainable palm oil production and biofuel innovation reducing environmental impact and promoting resource efficiency.

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

By reducing carbon emissions through the adoption of renewable energy alternatives and sustainable practices.

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

Promoting sustainable land use practices and reducing deforestation protects marine ecosystems.

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

Through sustainable agriculture practices preserving biodiversity and protecting ecosystems.

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

5

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

By promoting ethical farming practices and responsible business conduct in the agricultural sector.

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

By fostering collaboration and partnerships with stakeholders, governments, and organizations to achieve sustainable development objectives.

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

6

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.

7 - Strongly Agree

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

7 - Strongly Agree

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

Cabax Farms NatureTech integrates sustainable palm oil production, biofuel innovation, and a tech hub to offer comprehensive solutions. Our approach combines environmental sustainability, technological innovation, and community engagement, setting us apart from traditional agriculture and energy practices.

06.09 Competitive Analysis

In Nigeria, our main competitors in sustainable agriculture and renewable energy sectors include established palm oil producers, biofuel companies, and technology hubs. Cabax Farms NatureTech distinguishes itself through its integrated approach, combining sustainable palm oil production, biofuel innovation, and a tech hub to offer comprehensive solutions. Our commitment to environmental sustainability, technological innovation, and community engagement sets us apart from traditional competitors. Our focus on ethical sourcing, renewable energy alternatives, and collaborative partnerships enhances our value proposition and positions us as a leader in the industry. Our unique combination of sustainable practices, innovative solutions, and community-focused initiatives differentiates Cabax Farms NatureTech from existing competitors in the Nigerian market.

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

At Cabax Farms NatureTech, we promote female entrepreneurs by providing training, mentorship, and funding opportunities. Our tech hub will offer specialized programs for women, fostering a supportive environment for their growth. We will collaborate with local organizations to empower and elevate female leadership.