HETAVAD Organic Floating Fish Feeds (PATENTED)

HETAVAD floating fish feeds helps small holder fish farmers venture into profitable fish farming for jobs and income generation activities

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I confirm that I am fully aware of the eligibility criteria, and based on its description, I am eligible to apply to the CSV Prize 2017.

  • Yes, I'm eligible

Preferred language

  • English

Organization name

HETAVAD Skills Networks

Year founded

2010

Initiative stage

  • Start-Up (a pilot that has just started operating)

Annual budget in 2017 (USD)

  • $10k - $50k

Number of beneficiaries impacted so far

  • 250 - 500

Organization type

  • Social enterprise

Secondary Focus Area

  • Rural development
  • Nutrition

Headquarters location: Country

  • Nigeria

Headquarters location: City

Oleh town , Delta State,

Location(s) of impact

Country 1: City A- Oleh, B- Ozoro, C- Irri, D-Uzere, E-Niger Delta Region of Nigeria

Website

https://balancedlivingacademy.blogspot.com

Facebook URL

http://www.facebook.com/amosobi

Twitter URL

http://www.twiter.com/mytwit4real

Problem: What problem is this initiative trying to address?

Before this intervention, domestic and commercial fish farming was unprofitable and uninteresting to most small scale farmers due to the high cost of procuring and using the foreign made and imported floating fish feeding stuff. This high cost of the foreign imported feeds was a major barrier to fish farming activities hence, decrease fish protein, unemployment, increased youths restiveness and malnutrition among the populace.

Solution Summary: What is the proposed solution? What do you see as its most promising aspects for creating shared value?

Today, through the use of organic agricultural wastes fortified with the necessary fish proteins and ingredients, the HETAVAD Patented organic floating fish feeds now enables and helps Masters David, Joseph, Dauda, and Mrssr. Janet, Afor, Faith and hundreds and millions of other youths and women who were before now unable to venture into fish farming due to the high cost of buying and using the imported fish feeding stuff and were idle and unemployed . But now could venture with high interest into profitable fish farming due to the affordable, available and qualitative HETAVAD floating fish feeds innovated and formulated from available local organic agricultural wastes. This intervention has now made fish farming in a "BOX" easy and profitable for all small holders and even the commercial fish farmers to be engaged as a steady sources of income and livelihood.

Impact: What is the impact of the work to date? Specify both the social and the environmental impact of your work

This innovation and intervention has social and economic impacts such as creating thousands and millions of new jobs and income opportunities through maize farming and raw materials processing, floating feeds product, increase fish farming activities and marketing of fish products among the marginalized groups-(women and the youths). It has the capacity of eradicating poverty, extreme hunger, unemployment and inequalities through generating of new decent means of livelihood to the grass-root and urban dwellers and thereby improving standard of living today. Environmentally, this intervention has the effect of mitigating environmental pollution due to the use and conversion of environmentally considered wastes which are usually burnt and discarded into green production of organic floating fish feeds for human benefits. This has the effects of healthier environments and economic for all.

Financial sustainability plan: How is this initiative financially supported? How will you ensure its financial sustainability long-term?

So far, the initiative has been financed and funded by private donations - 40%, Bank loans-30% while Earned income of recent-30%

Unique value proposition: What makes your initiative innovative? How does your project differ from other organizations working in the same field?

The HETAVAD organic floating fish feeding stuff is locally available, affordable and efficient .

Founding story: Share a story about the "Aha!" moment that sparked the beginning of this initiative.

2009 was the spark and the genesis of the idea to start innovation in this direction. Reason why? Because, our attempt in fish farming failed with total lost of both capital and investments due to the high cost we incurred in buying and using the foreign made imported fish feeding stuff. It was after that experience coupled with the need to create new jobs and income opportunities for the teaming idle and marginalized youths and women through aquaculture that ,through brain storming, we could figure out how to formulate the floating fish feed stuff using local resources. Thus, we embarked on the research through the processes of phytochemical, quantitative and proximate analysis before Patenting our finding and products.

Where did you hear about the Nestlé Creating Shared Value Prize?

  • Other

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