Best Ideas 2019 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Corporate crowdfunded farming/ production of Alternative-ready-to-use-therapeutic-food (ARUTF)
Explain your idea in details:
The main objective is to encourage farming by linking local farmers and agro investors in order to boost the economy, protect the environment and end hunger. Activities include farming and production of Alternative-ready-to-use-therapeutic-food, creating awareness about home based treatment of severe acute malnutrition using local cereals and legumes. The innovative approach is producing an affordable and easily accessible Alternative-ready-to-use-therapeutic-food (ARUTF) which has the same standard as Ready-To-Use-Therapeutic-Food (RUTF)
Expected impact of your idea on sustainable development
The expected target and impact is to end hunger and reduce infant mortality due to severe Acute Malnutrition to the minimum level.
Plans for implementation and sustainability
Market Dynamics/Competition UNICEF is responsible for 80% of global RUTF purchases, worth $125m, and is the only purchaser in Nigeria ($16m, 4,500MT). Nutriset is responsible for 50% of global sales, which increases to 70% when including the Plumpy Field network. Generic alternatives to Plumpy Nut are becoming more common, such as MANA Nutrition, Tabatchnik Fine Foods, and Diva Nutrition Products, but require registered patents. The RUTF market is moderately competitive and mature, and net prices have been declining over time, ~10% over 5 years. Common barriers to entry for local producers include technical knowledge, infrastructure, and access to raw materials. With state and federal government support, the market does offer potential Financing source is personal savings, loans and grants
BAMBE, Abosede Is an undergraduate studying Food Science and Technology in the Federal University of Technology, Minna. She was born in May 24th, 1992. She is the CEO of EBB Multiconcepts Business and Services, she is a successful and battle-tested serial entrepreneur and has worked on several food project. She has worked in both public (Standards Ogarnization of Nigeria) and private sectors which has helped sharpen her technical knowhow and expertise in food science and technology. She is a member of Nigerian Institute of Food Science and Technology (NIFST) and has Diploma in Food Technology ( 2012).