Photo - Fumibox
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Fumibox

cleantech fumigation equipment for non-toxic pest control

Ukraine, Kherson region
Market: Mechanical engineering, Food industry, Farming, Another
Stage of the project: Prototype or product is ready

Date of last change: 18.12.2021
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Idea

Create an affordable mobile solution that will protect organic products using "modified atmosphere" and "controlled atmosphere" methods

Current Status

We are at the stage of finishing first example of product. We have taken lab research, series of tests, develop MVP and test it with approval of SGS certification, (TRL 6+)
Create company
About 200 hot EU contacts received after Biofach 2020 exhibition (wait list of users)
Having negotiations with local Ukrainian companies for cooperation, first order and testing in operational enviroment
Seeking for mentors\partners\consultancy in fumigation industry
No revenue at the moment, as we have only expences due to MVP creating

Market

- Farms (small, medium)

- Elevators

- Enterprises providing fumigation services

- Cargo and warehousing terminals

- Agricultural holdings

-Chemical enterprises

Problem or Opportunity

Low level of organic products on the market
The complexity of protection and storage of the crop without compromising its quality
High levels of pesticides in products
Existing organic protection solutions on the market are expensive and not convenient enough for small and medium business owners

Solution (product or service)

Develop equipment and technology that are:

- Available

- Environmental

- Effective

- Convenient and easy to maintain

Competitors

Direct
competitors

Kreyenborg GmbH & Co
VQP GROUP
Fumico Fumigations B.V.

Indirect
competitors
Freight and storage terminals
Agroholdings and elevators
Fumigation companies

Advantages or differentiators

Mobility and ease to self-usage
Cheapest cost of expandable materials and equipment itself
Versatility of technology
Wide-range raw material base and human resources

Finance

Receipts



- Equity (10%)

- Raised capital (30%)

- Gross profit from sales (60%)



Costs



- R&D-45%

- Marketing-15%

- Salary-25%

- Costs for certification / registration of patents / permits, administrative costs, etc.-15%

Business model

The way to the consumer:
- Visiting specialized exhibitions

- Direct sales through offline and online sales channels

- Recommendations from partners, clients

Key metrics:
- Number of sales per year at least 2 units in the first year after prototype development

-Preparation of the product to enter the international market in year 2022

-Optimization of production costs, reduction of 20% relative to the first sample

Sources of income:
- Equipment sales (70%)

- Sale of spare parts and consumables (10%)

- Provision of fumigation services (10%)

- Consulting services (10%)

Money will be spent on

Modification of the product due to the feedback and wishes of customers, optimization of the production process.
Warehouse and office rent
Personnel salary
Sub-contractor`s deals
Equipment,parts,details
Engineering costs
Legal, accountance costs
Marketing

Offer for investor

Can be discussed during the process of negotiations, royalty or equity preffered

Risks

Strong competitors side
Govermental regulation for organic market\ pest control in some countries

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video