InsectBiotech wins the Málaga AgriTech Award for Best Start-Up, a significant recognition of its recent successful trajectory.
InsectBiotech is a Spanish company that converts agricultural waste into sustainable products. This award adds to the company’s achievements in sector-specific forums and competitions.
On November 27, the company received the AgriTech Award at the AgriTech Expo Málaga 2024. The award, sponsored by Agrobank, reinforces its position as a leader in sustainable agriculture.
This accolade follows InsectBiotech’s victory at the Alhambra Venture Awards in July 2024, where it was recognized as the start-up with the greatest environmental and circular impact.
Sustainable Innovation
InsectBiotech uses black soldier fly larvae to transform agricultural and food waste into valuable products. Their process reduces pollutant emissions and creates fertilizers and biostimulants for regenerative agriculture.
Future Goals
InsectBiotech will begin production trials in 2025 to refine its process before scaling up to large-scale manufacturing.
The company plans to build several factories in Andalusia. By 2031, it aims to produce:
- 32,000 tons of protein annually.
- 220,000 tons of fertilizers annually.
InsectBiotech is also conducting field trials for its products in collaboration with various strategic partners in the region.
Ignacio Gavilán, CEO of InsectBiotech, stated:
“We are very proud to receive the Málaga AgriTech Award. This accolade, along with the Alhambra Venture Award last July, validates our mission to transform agricultural waste through eco-friendly, insect-based solutions.”
InsectBiotech utilizes by-products from olive milling and other residues to produce high-quality proteins for pet food, livestock, and aquaculture.
This approach reduces the need for traditional feed sources like soy or fish meal, decreasing:
- Land use.
- Greenhouse gas emissions.
- Ocean impact.
The company also produces fertilizers and soil nutrients, supporting more regenerative agricultural practices.
To continue its expansion, InsectBiotech is raising €8 million to build its first farm in Jaén, Andalusia.
Additionally, InsectBiotech seeks more partners to carry out product and field testing.
Interested partners can contact [email protected]