Insectflux has launched what it calls the world's first global B2B2C platform connecting the agrifood sector with the insect farming industry. The climate-tech startup, based between Montreal and Silicon Valley, aims to bridge the $10 trillion agrifood sector with the $2.5 billion insect farming market.
The platform allows food producers including farms, restaurants, processors, grocery chains and hotels to list organic byproducts and waste. Insect farms can then purchase these materials to raise crickets, black soldier flies and mealworms, producing protein, oil, chitin and fertilizers that are sold to buyers in pet nutrition, aquaculture, regenerative farming, biotech, cosmetics and consumer goods.
Partnerships with industry organizations
Insectflux has announced partnerships with two organizations. The Centre de développement bioalimentaire du Québec (CBDQ) operates an Insect Processing Innovation Platform that develops insect-based ingredients including protein powders, isolates and lipids. UK-based Flybox designs modular insect farming systems for black soldier fly production.
The company reports having 1,200 global stakeholders on its waitlist, including merchants, consultants and institutions such as the United Nations, World Food Programme, USDA, Agri-Food Canada and Amazon.
Founder and CEO Jason Elate is scheduled to present during NY Climate Week, including lectures at Cornell University and NYU.
"We believe there is enough abundance for all in this world and we're about to prove it," said Elate. "Insectflux exists to prove it at a global scale by transforming waste into opportunity and building the infrastructure for a sustainable, inclusive insect economy."
The platform targets what the company describes as the $1.1 trillion global food waste problem while working to accelerate sustainable protein adoption across multiple industries.
