Eccolizer

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Eccolizer

Rajshahi, BangladeshDhaka, Bangladesh
Year Founded:
2013
Organization type: 
for profit
Project Stage:
Start-Up
Budget: 
$10,000 - $50,000
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

Using high quantity of chemicals as agro-inputs have endangered agricultural sustainability. Chemicals are greatly causing deficiency of nutrients in soil. Eccolizer aims to sustain the agriculture by its organic insect-repellent hormonal fertilizer that increases soil-fertility progressively.

WHAT IF - Inspiration: Write one sentence that describes a way that your project dares to ask, "WHAT IF?"

What if the world's food cultivation stopped due to soil's nutrients loss!
About Project

Problem: What problem is this project trying to address?

Due to nutrients deficiency, 70+ million farmers of Bangladesh are facing less food cultivation that led 64 million people to starvation (UNFPA 09). In a study conducted by FAO in 2004, it was found that 1kg added nitrogen fertilizer had produced 20 kg grains but now the grains are only 4-5kgs. If soil fertility further declines, food cultivation will totally be stopped. So, for the human’s survival we need to stop using chemicals in agriculture.

Solution: What is the proposed solution? Please be specific!

Eccolizer aims to solve deficiency of nutrients in soil by providing scientifically proved lignin-based insect-repellent fertilizer. For the presence of few groups in lignin structure, Eccolizer works as insect repellent, anti-fungal and antiviral substances. Besides being organic fertilizer, Eccolizer makes nuclear changes to soil which increase soil fertility progressively. Results from pilot projects run in 10 different agro-zones of Bangladesh show that only using Eccolizer farmers need nothing for food cultivation. The core innovation lies in the development of such a unique process to extract lignin from coir, bagasse and banana stem bark that is cheapest in the world. So, we are providing this multifunctional product @6o% less cost.
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

Farmers in Bangladesh use different types of costly fertilizers and pesticides. For example, to cultivate in 1 hector land, farmers spend USD 150 for purchasing Urea, TSP, MOP and DAP. They also spend $40 for various pesticides. These 2 types of costs take app. 40% of their annual average income (<$500). To cultivate the same size of land, Eccolizer costs only $76 (60% cheaper). So, the smallholder farmers will be benefited. Secondly, current fertilizers and pesticides are causing deficiency of nutrients in soil whereas Eccolizer increases fertility. Thirdly, it repels (doesn’t kill) harmful insects and thus saves huge crop loss (current annual crop loss $500 million). Lastly it restricts emission of nitrous oxide (N2O), a greenhouse gas

Impact: What is the impact of the work to date? Also describe the projected future impact for the coming years.

Analyzing social impact of Eccolizer we find that multiple stakeholders of the society will get substantial quantitative and qualitative benefits. Quantitative Benefits: In the coming 5 years, Eccolizer will produce 365,000 liters of fertilizer that will reduce expenses for: fertilizer & pesticide $1.42 million (ml), govt. subsidy $4ml, crop loss $1ml, soil's nutrients loss $0.5ml, employment and others $1ml. Calculating these benefits, we get Social Return On Investment $60 against $1 invested. Qualitative Benefits: Eccolizer will ensure safety of food chain, prevent air and water pollution, protect aquatic ecosystem and pave way for schooling of the children of particular farmers' families with increased yields & income. However, operation of Eccolizer business will ensure agricultural, human and environmental sustainability together. [N.B. a detailed SROI be provided upon request]
Sustainability

Financial Sustainability Plan: What is this solution’s plan to ensure financial sustainability?

Business model of Eccolizer stands in selling the product to customers and makes profit thereby. To fully function, Eccolizer needs primary budget of $125,000 that can be collected as equity and debt capital in 3:2. In the coming 4 years, Eccolizer will earn a net profit of -$23,830, $5300, $53118 and $137,872 respectively. Other financial measures: Cost of Capital 18%, IRR 39%, Payback Period 3.49 years and Net Present Value (NPV) $132,648.

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

Fertilizer and pesticide market of $3.33 is mainly captured by 3 players-govt. company BCIC, private companies and local-level producers. Prices of 1 met.ton fertilizer of these companies range from $300-$700 whereas Eccolizer offers 20 liters (equivalent to 1 ton) at $40. Also, it works as substitute of pesticide and hormone and thus save other agro-input costs. So, its seen that currently there is no single entity to compete Eccolizer with same or similar product. In short, Eccolizer is unique as Soil-nutrient, Eco-friendly, affordable, insect-repellent, hormonal, anti-fungal & anti-viral.
Team

Founding Story

During 2005 a scientist of Eccolizer team kept a bunch of bagasse (sugarcane waste) under a large coconut tree. After few days, he noticed the tree had withered. He got amazed at this happening and concentrated upon analyzing components that made the tree dried-up. He discovered that bagasse contains an excellent degree of lignin that has fertilizing and insect-repellent attributes. Pondering over severe crises and high prices of fertilizer faced by farmers, he tried to extract the inner lignin. Gathering info he knew that few countries use lignin-based fertilizer but their extraction process is too costly to be affordable for the poor farmers. He continued his research for 2 years and lastly he separated lignin and developed the product.
About You
Organization:
ECCOLIZER PVT. LTD.
About You
First Name

MD SHAHIDUL

Last Name

ISLAM

About Your Project
Organization Name

ECCOLIZER PVT. LTD.

Organization Country

, DHA, Dhaka

Country where this project is creating social impact

, RAJ, Rajshahi

How long has your organization been operating?

Less than a year

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Your Solution
Founding Story: Share a story about the “Aha!” moment that led you to get started and/or to see the potential for this to succeed.

During 2005 a scientist of Eccolizer team kept a bunch of bagasse (sugarcane waste) under a large coconut tree. After few days, he noticed the tree had withered. He got amazed at this happening and concentrated upon analyzing components that made the tree dried-up. He discovered that bagasse contains an excellent degree of lignin that has fertilizing and insect-repellent attributes. Pondering over severe crises and high prices of fertilizer faced by farmers, he tried to extract the inner lignin. Gathering info he knew that few countries use lignin-based fertilizer but their extraction process is too costly to be affordable for the poor farmers. He continued his research for 2 years and lastly he separated lignin and developed the product.

Select Sector(s): To which of Unilever's categories of sustainability does your solution apply?

Waste, Sustainable Agriculture, Smallholder Farmers.

Measurable Impact
Audience: Who have you identified as your customers/recipients and why? How will you get your solution to them or engage them in your initiative?

70+ million farmers of Bangladesh will be the customers of Eccolizer since agriculture is their sole occupation. Our primary target customers are the village farmers. To reach our product to them, we have already set-up three distribution channels- local NGOs (Grameen Bank and Brac), district-wise fertilizer dealers and local shops of agro-inputs which have great influence on village people. With the help of the said 3 channels, Eccolizer will make the farmers (its customers) used to this product.

Impact: What is the impact of the work to date and expected impact in the future?

We have already provided this product to 1000 farmers of Bangladesh who cultivated paddy, jute, maize and other crops. Besides our product, we also gave them questionnaire containing info on how it increases their yields. 95% of users had reported that they received highest yields in their life. The yields measured were 21.23% that gave the users extra earning from their sales. Now, we plan to sell our product to 10,000 farmers in the coming seasons. The farmers also experienced 45% saving of costs in cultivation. We calculated that the govt. of Bangladesh will also be able to reduce subsidy on fertilizer greatly. In the coming 5 years, 365,000 liters of Eccolizer will be produced that will prevent nutrients loss by USD 0.5 million. Also, savings of farmers and govt. will be $1.42 million and $4 million respectively. Quantifying these, we get Social Return On Investment (SROI) $60.

Growth, Finance & Leadership
Scaling the Solution: How do you intend to scale your activities over the next two years (e.g., reach new markets, diversify solutions, etc.)? What will make this possible?

Eccolizer is conducted by a multidisciplinary team mentored by local and international experts. Three directors including CEO of Eccolizer are the recent business graduates and its chairman is the former Chief Scientist of BCSIR, largest industrial lab of Bangladesh. Another agro-scientist and an engineer are also working with us. The team is being mentored by a prof. of University of Dhaka who has expertise in agriculture. After obtaining few licenses from different ministries of the govt. and setting-up all distribution channels we plan to fully commercialize. To this end, any prize money and publicity will make the govt. inspired to give us licenses as getting those are too complex. It will also increase Eccolizer's image to customers.

Financial Sustainability: What is your business model to ensure financial sustainability?

Business model of Eccolizer stands in selling the product to customers and makes profit thereby. To fully function, Eccolizer needs primary budget of $125,000 that can be collected as equity and debt capital in 3:2. In the coming 4 years, Eccolizer will earn a net profit of -$23,830, $5300, $53118 and $137,872 respectively. Other financial measures: Cost of Capital 18%, IRR 39%, Payback Period 3.49 years and Net Present Value (NPV) $132,648.

Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.

In 2011, I designed and implemented an organization which is about helping the flood affected people of Bangladesh come out of poverty by providing training on cultivation in the floating water-hyacinth bed. Working for 1.5 year, it made 20 families become self-reliant. Recently Yunus Center, an institution of Nobel Laureate Prof. Muhammad Yunus, expressed its interest to work with the organization. This project was awarded by GSEC and DSIC.

Comments

MD SHAHIDUL ISLAM's picture

I'm looking for financial support to take my novel product to the customers, 70+ million poor farmers' community of Bangladesh.