Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Our start-up is focused on producing bio-ethanol from cashew fruit, a sustainable and eco-friendly alternative to traditional fossil fuels. Cashew fruit is a byproduct of the cashew nut industry and is often discarded or underutilized.

01.01 Describe your startup in more detail

Our start-up is focused on producing bio-ethanol from cashew fruit, a sustainable and eco-friendly alternative to traditional fossil fuels. Cashew fruit is a byproduct of the cashew nut industry and is often discarded or underutilized. By converting this fruit into bio-ethanol, we are not only reducing waste but also creating a valuable renewable energy source. Our production process is innovative and efficient, utilizing advanced technology to extract bio-ethanol from cashew fruit in a cost-effective manner. Our bio-ethanol is high quality and can be used as a clean burning fuel for vehicles, machinery, and other applications. In addition, it helps reduce greenhouse gas emissions and dependence on fossil fuels, making it a vital component in the transition towards a more sustainable future. We are excited to participate in the start-up competition and showcase our cutting-edge technology and commitment to environmental sustainability. Through our production of bio-ethanol from cashew.

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

Industrialization is the key to the growth of any nation, growing up from the rural area we grew up to know only about agriculture but looking at the rate in which transportation as control all the economic growth we thought it will be a really good solution to have an alternative fuel to the normal fossil fuels in my country. History has it that fuels in the USA has percent of ethanol in it (i.e E10, E15, and E85). Alot of problem will solved when industrialization comes in place. Unemployment problems, has an industry can empoly thousands of indigenous people. Making worth out of waste because there is nothing that will wasted from our production. Cashew Fruit -Cashew juice- cashew shaft. Cashew Fruit = Cashew juice Cashew Juice = Ethanol Cashew shaft = Animal feed.

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

The major benefits is reduction in using our product are 1. Renewable energy source: Bio-ethanol is produced from renewable sources like cashew fruit, making it a more sustainable alternative to fossil fuels. 2. Reduced greenhouse gas emissions: Bio-ethanol is considered a cleaner fuel compared to gasoline, as it produces lower emissions of greenhouse gases like carbon dioxide. 3. Energy security: Using bio-ethanol as a fuel source can help reduce dependency on imported fuels and enhance energy security. 4. Economic benefits: The production of bio-ethanol from cashew fruit can create new revenue streams for farmers and promote economic development in rural areas where cashew trees are grown. 5. Waste reduction: Utilizing cashew fruit for bio-ethanol production helps to reduce food waste and promotes sustainable agricultural practices. 6. Improved air quality: Bio-ethanol burns more cleanly than gasoline, leading to reduced air pollution and improved air quality in urban areas.

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

Our target Audience are 1. Industry: pharmacitical, energy 2. Farmers: farmers can now make money from the Cashew fruit instead of discarding it 3. Youth: employment opportunities will increase 4.Investor: 4. Community: the rural area will be developed in term of social amenities 5.Investors: more investors can come so that we can industrialize the nation at large.

01.05 When was your company established?

2022-04-06

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.)

1) Alimi Abdulraham Olayiwola MD/Chairman Automation Engineer 2) Adetula John Director/CEO Process engineer 3) Ajibade Florence Adekemi Director/Manager Admin/Account

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

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

1 - Strongly Disagree

02.01.02 No poverty - Justification for my startup

Like early stated our startup affect a lot of people because it tackles unemployment by bringing industrialization also we place value on cashew fruit this will help farmer make more money. No poverty we the skilled and un-skilled labour are employed they can afford to give themselves and their families good life. For example we employe 100persons and they 5 people depending on their income each (i.e. 100*5=500), to increase our production cycle round a year we need to get over 10,000 farms with cashew trees now, (10,000*5= 50,000) this is very clear and justifiable.

02.02.01 My startup contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification for my startup

My Start-up Promotes sustainable agriculture: Cashew cultivation for bioethanol production can encourage sustainable agricultural practices, such as crop rotation and organic farming methods. This helps to preserve natural resources, biodiversity, and soil quality, ultimately contributing to more people in agriculture and solving zero hunger problems

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

Bioethanol produced from cashew can contribute to good health and well-being in several ways: 1. Reduced reliance on fossil fuels: Bioethanol is a renewable and sustainable alternative to traditional petrol, which reduces greenhouse gas emissions and air pollution. This helps to create a cleaner and healthier environment for individuals, leading to improved respiratory health and overall well-being. 2. Economic benefits: The production of bioethanol from cashew can create opportunities for small-scale farmers and rural communities, stimulating local economies and improving livelihoods. This economic stability can contribute to better access to healthcare, education, and other social services that support overall 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

My start-up has a tackle this by 1. Create job opportunities: By starting a bio-ethanol production business from cashew fruit, you can create job opportunities for local communities, especially women who may have limited access to education and employment opportunities. This can help in generating income for families, which can in turn support children's education. 2. Invest in education and training: You can invest a portion of your profits into education and training programs for your employees, particularly focusing on empowering women and providing them with skills and knowledge to further their education and career prospects. 3. Support local schools and educational initiatives: By partnering with local schools and educational initiatives, you can provide financial support, resources, and infrastructure improvements to help enhance the quality of education in your community. This can help in bridging the gender gap in education and promoting equal opportunities for boys and girls.

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

Promote gender equality in the workplace: As a business owner, you can promote gender equality in the workplace by ensuring equal opportunities for men and women, implementing policies against gender biasness we have women in the mamgament team to help fosters Gender amd human resource management.

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

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

Bioethanol is a renewable and sustainable alternative to traditional petrol, which reduces greenhouse gas emissions and air pollution. This helps to create a cleaner and healthier environment for individuals, leading to improved respiratory health and overall well-being. 2. Economic benefits: The production of bioethanol from cashew can create opportunities for small-scale farmers and rural communities, stimulating local economies and improving livelihoods. This economic stability can contribute to better access to healthcare, education, and other social services that support overall well-being.

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

Bioethanol is a renewable and sustainable alternative to traditional petrol, which reduces greenhouse gas emissions and air pollution. This helps to create a cleaner and healthier environment for individuals, leading to improved respiratory health and overall well-being. 2. Economic benefits: The production of bioethanol from cashew can create opportunities for small-scale farmers and rural communities, stimulating local economies and improving livelihoods. This economic stability can contribute to better access to healthcare, education, and other social services that support overall well-being.

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

We intended to bringing in all engineering knowledge into our production, process control, process economic, material and energy balance. Automation to will be done

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

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

Provide transformer to community we intend to lias with electricity distribution companies to install and stabilize proper electricity the community. 2) Good road will allow other investors to bring in other industries to the community

02.12.01 My startup contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

4

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

4

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

3

02.15.02 Life on land - Justification for my startup

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

3

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

3

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.

2

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.

5

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

1 - Strongly Disagree

06.08 Justification for my startup

This project is a new solution idea and demand has urge us has petrol and other product of crude oil has increase and everyone is affected the economy depends on crude oil.

06.09 Competitive Analysis

We are talking about bio-ethanol this is something millions of people can invest in without any problems there are lot of cellulosic to make sugar and produce ethanol. The only reasonable completion is petrol that is why we deduce from our Analysis that petrol and ethanol can blended as specified by motor/engine producing company. #E10, #E15, and E85.

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

Yes, we it's comes to management women are better of they have a sound mind and don't get carried away like men. Women are good on insisting on what they want which is a management skill. Practically men take technical and heavy labours of the organization while women take management and maintenance of the organization.