Best Projects 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs. If you want to know the 10 finalists in this category click HERE
ALCOFORD CORPORATION, Bioethanol production based on cassava and cereals
Explain your project in details:
The Startup ALCOFORD is a project in agribusiness and biotechnology. The main activity of our organization is the transformation of cassava and cereals into bioethanol in order to supply the health centers in Togo and the sub-region with ethyl alcohol on the one hand; Then bring a solution to producers of traditional alcoholic beverages commonly known as "SODABI" who use toxic denatured alcohol from ethanol stocks imported for medical purposes in their manufacturing procedures exposing thousands of consumers to increased risk of cardio-vascular disease, by offering them a spirit based on fruit and palm wine as a substitute for denatured alcohol. Our vision is to bring our innovation in the health sector and progressively move towards the production of biofuel based on rice straw to meet the energy and climate change challenges especially for large companies that have no system CO2 capture to limit the emission of greenhouse gases. Unlike existing products, which are mostly imported, addressing only a segment of the market's needs, our solution best meets the specific needs of the customer. With a new look of the product, the barrel equipped with a removable decanter allows to transfer the liquid without losing a drop at a highly competitive price; The new biodegradable plastic bottles to avoid destruction during the shock. Our innovative spirits will prevent the use of medical alcohol in the process of making traditional beverages. Our production line offers farmers low-cost grain for livestock and organic fertilizer for better environmental protection, including free home delivery and after-sales services. These few points listed make our solution a considerable difference.
Impact of your enterprise on sustainable development
ALCOFORD is working now by bringing together an agricultural cooperative with the support of an environmental management NGO that will exploit up to 500 hectares and supply up to 4000 tons of cassava and 500 tons of fruit per year to ensure the supply of our processing unit. This will have to create at least 2000 jobs in the agricultural sector, treat 4000 tons of waste per year; a statistic that will double from year 6. This solution will relieve farmers who have difficulties in sales and conservation of their crops; feed 100,000 livestock cheaper with processing residues from protein-rich fermentation tanks and produce manure-based organic fertilizer and manure dung for farmers. Our project forms an economic model that brings together several actors in the chain: Farmers / Producers / Transformers / Distributors / Livestock producers / Companies and many others. We can mention some impacts following: • More than 2,000 jobs created in rural areas and thousands of indirect jobs created in other parallel sectors in the coming years, especially in logistics, sales, crafts (...) for 10,000 households touched. • Protection of the environment through the use of organic fertilizer and enhancement of locally crops. • A new economic model regrouping Farmers, Breeders, Traders, Enterprises (...) will be born • More than 4,000 tons of treated waste per year and improved yield and living conditions of the rural population. • More than 100,000 qualitatively fed cattle at lower cost each year • Permanent availability of ethyl alcohol in health centers. • Significant decrease in the rate of cardiovascular attacks related to the consumption of corrosive alcohol. • Reduction of greenhouse gas emissions through the use of bioethanol as bioenergy to help fight climate change in the following year.
Sustainability and future plans
On average 100,000 barrels of ethanol that are imported in Togo each year. The market analysis makes us distinguish 4 large groups of outlets. We earn income by selling our products to theses clients: I. BIG LABORATORIES: (Large pharmaceutical stores, they supply nearly 400 drugstores, hospitals, and hundreds of private health centers) II. CASH-AND-CARRY WHOLESALERS: (Private wholesalers who also import thousands barrels of ethanol and supply the entire informal distribution network and traditional beverage producers) III. DIRECT CONSUMERS: (Hospitals, private medical centers, traditional beverages, perfumes, liquors, varnishes, paints producers) IV. INDUSTRIES In addition, selling the by-products like: • Distiller grain from fermentation tanks for cattle breeders. (This represents up to 10% of annual income) • Carbon dioxide for the manufacture of carbonated beverages in breweries and dry ice We already have private wholesalers who import 1,000 barrels on average every quarter. In spite of the fact that there are others clients who are able to buy just 100 to 200 barrels for this period, it’s predicted that even with 5% of the shares grabbed from foreign suppliers from whom these wholesalers get procured, would be sufficient largely to sell our stocks. Pending the realization of the promises of some investors, we finance our project by our own resources. About vision, our Startup brings its innovation in health and nutrition to start and gradually evolve into renewable energy. The biofuel sector will have to be a big extra investment. It will be a business partnership with local oil companies to converge progressively towards the use of biofuel at the expense of fossil fuel to reduce by 60% the emission of greenhouse gases. This investment will enable us to exploit at least 1000 hectares, create more than 10,000 jobs within 10 years for an average turnover of 4.5 million USD per year
Your profile as an entrepreneur
Coming from a family that operates in the ethanol business for almost 20 years in Togo, I describe myself brilliant, sociable, multitasking and self-taught, I am also a writer. Although trained in finance and project management accounting, I became interested in entrepreneurship and biotechnology very early on, by discovering business opportunities. I attended several courses and after my bachelor in university, I gained experiences and develop skills in some SMEs and in a large company; I even co-founded an online sales platform that I call "Divine Trader" where I gathered more than 250 young people with whom we work remotely where everyone earns in the form of commissions using social networks to boost sales a partner company (DIVINE IMEX SARL) operating in the Import-Export of therapeutic coffee. On my business journey I met people who shared my vision. Step by step we formed a team and started the market research and feasibility of the project. I made partnerships to move forward despite several doors slamming in my face. Today we had made a lot of progress; Our project is interesting most people and we have a strong business plan ready to go to the implementation stage of our processing unit. About Awards and Recognitions: I won "The Tony Elumelu Foundation Grant". I am one of 7 Togolese selected by Tony Elumelu Foundation 2018 on more than 150,000 Africans from 114 countries worldwide applied to join the 4th cycle of the Tony Elumelu Foundation's I was also selected as one of 25 emerging young innovators in Africa to participate in the Dakar Amex Bootcamp 2018 in Senegal by ASHOKA ASSOCIATION & AMERICAN EXPRESS 2018. I was shortilized some international competition like AFRICAN ENTREPRENEURSHIP AWARD, EUREKA AWARD and so one.