The perfect storm of business venturing? The case of entomology-based venture creation

Pascucci, Stefano; Dentoni, Domenico; Mitsopoulos, Dimitrios

doi:10.1186/s40100-014-0025-y

Cited by 10 publications

(4 citation statements)

References 20 publications

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“…From a market perspective, the insect business is a fast-growing sector, and several such companies or startups [21] have been founded in Europe (e.g., Ynsect, Protix, Mutatec, Hermetia Baruth GMBH) and outside Europe (e.g., Entofood, Agriprotein, Enviroflight, Enterra). So far, the Insect Platform for Insects as Food and Feed has 46 members [22].…”

Section: Introductionmentioning

confidence: 99%

The Introduction of Insect Meal into Fish Diet: The First Economic Analysis on European Sea Bass Farming

et al. 2019

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The economic and environmental sustainability of aquaculture depends significantly on the nature and quality of the fish feed used. One of the main criticisms of aquaculture is the need to use significant amounts of fish meal, and other marine protein sources, in such feed. Unfortunately, the availability of the oceanic resources, typically used to produce fish feed, cannot be utilized indefinitely to cover the worldwide feed demand caused by ever-increasing aquaculture production. In light of these considerations, this study estimates how aquaculture farm economic outcomes can change by introducing insect meal into the diet of cultivated fish. Several possible economic effects are simulated, based on various scenarios, with different percentages of insect flour in the feed and varying meal prices using a case study of a specialized off-shore sea bass farm in Italy. The findings indicate that the introduction of insect meal—composed of Tenebrio molitor—would increase feeding costs due to the high market prices of this flour and its less convenient feed conversion ratio than that of fish meal. Therefore, the expected environmental benefits of using this highly promising insect meal in fish feed do not align with the current economic interests of the aquaculture industry. To our knowledge, this is the first study to investigate this theme, and it must be noted that our findings cannot be generalized widely because a specific case study was used. Nevertheless, our findings suggest that efforts should be made—at least at the farm level—to find profitable ways to encourage the introduction of this attractive alternative to guarantee both economic and environmental sustainability in the near future.

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Section: Introductionmentioning

confidence: 99%

The Introduction of Insect Meal into Fish Diet: The First Economic Analysis on European Sea Bass Farming

et al. 2019

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“…The animal feed sector in East Africa is organized, regulated and has broadly accepted insects as an alternative protein source [12]. Furthermore, the production of insects for human consumption to address acute food shortages and malnutrition is widely being promoted world [3, 10–11, 13].…”

Section: Introductionmentioning

confidence: 99%

Integrating temperature-dependent life table data into Insect Life Cycle Model for predicting the potential distribution of Scapsipedus icipe Hugel & Tanga

et al. 2019

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Scapsipedus icipe Hugel and Tanga (Orthoptera: Gryllidae) is a newly described edible cricket species. Although, there is substantial interest in mass production of S. icipe for human food and animal feed, no information exists on the impact of temperature on their bionomics. Temperature-dependent development, survival, reproductive and life table parameters of S. icipe was generated and integrated into advanced Insect Life Cycle Modeling software to describe relative S. icipe population increase and spatial spread based on nine constant temperature conditions. We examined model predictions and implications for S. icipe potential distribution in Africa under current and future climate. These regions where entomophagy is widely practiced have distinctly different climates. Our results showed that S. icipe eggs were unable to hatch at 10 and 40°C, while emerged nymphs failed to complete development at 15°C. The developmental time of S. icipe was observed to decrease with increased in temperature. The lowest developmental threshold temperatures estimated using linear regressions was 14.3, 12.67 and 19.12°C and the thermal constants for development were 185.2, 1111.1- and 40.7-degree days (DD) for egg, nymph and pre-adult stages, respectively. The highest total fecundity (3416 individuals/female/generation), intrinsic rate of natural increase (0.075 days), net reproductive rate (1330.8 female/female/generation) and shortest doubling time (9.2 days) was recorded at 30°C. The regions predicted to be suitable by the model suggest that S. icipe is tolerant to a wider range of climatic conditions. Our findings provide for the first-time important information on the impact of temperature on the biology, establishment and spread of S. icipe across the Africa continent. The prospect of edible S. icipe production to become a new sector in food and feed industry is discussed.

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“…Furthermore, by modelling both a market orientation and an entrepreneurial orientation, we are able to observe how increases in these strategic resources may directly and indirectly influence expectations of future performance. For firms operating in highly competitive markets, developing an entrepreneurial orientation alongside a market orientation may enable the firm to become aware of and seize opportunities in new or rapidly evolving markets such as entomology-based protein chains (Pascucci et al 2015).…”

Section: Discussionmentioning

confidence: 99%

Competitive strategies among Ontario farms marketing direct to consumers

Micheels

Boecker

2017

Agric Econ

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This paper examines the importance of two resources, namely a market orientation and an entrepreneurial orientation, in new product development and satisfaction with firm performance among direct and alternative marketers. Using a partial least squares structural equation model and data from a 2013 survey, this paper models the effect of a market orientation and entrepreneurial orientation on satisfaction with current performance and expected future performance for agricultural firms in Ontario, Canada. Our results show that a market orientation and entrepreneurial orientation are important factors in determining rates of product and marketing innovations among farm-based agribusinesses. These findings further demonstrate that a market orientation is a powerful resource as it enables firms to become aware of opportunities to provide superior value for consumers, especially when operating in non-traditional markets.

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The perfect storm of business venturing? The case of entomology-based venture creation

Cited by 10 publications

References 20 publications

The Introduction of Insect Meal into Fish Diet: The First Economic Analysis on European Sea Bass Farming

The Introduction of Insect Meal into Fish Diet: The First Economic Analysis on European Sea Bass Farming

Integrating temperature-dependent life table data into Insect Life Cycle Model for predicting the potential distribution of Scapsipedus icipe Hugel & Tanga

Competitive strategies among Ontario farms marketing direct to consumers

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