Future Essentials

Cricket One

Cricket One is a technology startup that focuses on sustainable alternative food production. The company initiates to farm and process crickets as a high-protein, high-mineral food source whilst helping to improve the livelihood of farmers and to productively utilize their agricultural by-products through technology.

Deal Share Live @ Conference 2019 Inclusive Business


Endorsed by

The project aims to produce crickets as a sustainable high protein and high mineral food source for human consumption through collaborating with local farmers in Vietnam for crickets farming.

Seeking support

Cricket One


Financial support

Equity, Grant

Amount

US$3,000,000


Non-financial support

Access to Networks, Coaching and Mentoring of Management, Legal Support

Access to Networks

  • Access to networks with companies in the food & nutrition sectors are important to boost our impact

Coaching and Mentoring of Management

  • On developing culture, hiring

Legal Support

  • With IP register in Singapore
Sustainable Development Goals (SDGs)
  • 01 - No Poverty
  • 02 - Zero Hunger
  • 13 - Climate Action

Problem

Our population will reach 9.5 billion people by 2050. Food production needs to increase 70% to keep up with the growth. Our food system is broken. On one hand livestock production is among the most polluted industry accounting for 25% water consumption and 25% GHG. On the other hand, resources constraint and climate change make food production harder and harder, and in many areas agriculture yield is falling sharply.

On another front, we have 900 million people living in poverty and increasing since affordable food is not available. 2 billion people are protein & mineral deficient especially pregnant women and infants.

Producing high quality, and affordable food to feed the current and the future population is becoming an urging need.

Solution

crickets of Cricket OneCrickets are the solution. Environment-wise, crickets require fewer inputs to produce the same output. To produce 1 kg of crickets requires 1.5 kg of feed, 2 litre of water, one month, 0.1 sqm, and almost no greenhouse gases. In contrast, to produce 1 kg of beef require 12 kg of feed, 22000 litre of water, 2 years, and tons of greenhouse gases.

Nutrition wise, cricket powder contains 75% protein, more iron than beef powder, more calcium than milk, more potassium than banana, more zinc than oysters. Crickets are definitely the social protein we need to combat the nutritional deficiency especially mineral deficiency of pregnant women and infants.

Cricket One establishes the production relationship with local farmers in Vietnam through training and investing in farming facility, and purchasing agreement. Cricket One process crickets into powder, cricket oil, water-dissolve powder for food producer to use in clinical food, sports & nutrition, and staple food.

Ask

Cricket One productsWe are seeking USD 3,000,000 in grant/equity to close in 2020 to set up new production line to produce water dissolve protein, water dissolve oil, and bio-active enzyme from crickets for use in clinical food, and sports. This accounts for 60% of funding need.

20% is allocated to build up inventory. And 20% more is for headcount, business development and R&D activities.


Contact SPO
Nam Dang
Nam Dang Co-founder & CEO Cricket One

Cricket One

Cricket One is a technology startup that focuses on sustainable alternative food production. The company initiates to farm and process crickets as a high-protein, high-mineral food source whilst helping to improve the livelihood of farmers and to productively utilize their agricultural by-products through technology. Deal Share Live @ Conference 2019 Inclusive Business

View Profile      

Contact avpn member
Sherilyn Chia
Sherilyn Chia Assistant Manager Singapore International Foundation

Singapore International Foundation

SIF brings world communities together to do good, from sending volunteers into developing communities to share relevant skills, ideas and knowledge, to organising exchange programmes to build greater cultural understanding amongst diverse communities. We begin with the mission in mind; we harness the power of friendship fostered between Singaporeans and world…

View Profile