Traps for pheromone-based biocontrol agents

Opportunity Description: Making traps to be supported by pheromones for insect control in agriculture, as well as traps for monitoring. It is a low-cost substitute to insecticides and qualifies for organic farming.
PRODUCT: Pheromone pest control traps
Sector: Sustainable Agriculture and Food Processing
Market: Farms
Initial Investment Required: EGP 111,000
Details Available: Opportunity Study
Market Potential: All kinds of farms. Preparation of pheromones or advanced animal extract for insecticides, could evolve into organic farming services where advice and monitoring are provided.
Supply: Plastic or metal containers, pheromones packets.
Process: Manufacturing of plastic of metal containers, assembling and installation.
Human Resources: Technical and Business Development Manager – 1
Operations and Maintenance – 2
Financial: CAPEX required EGP 80,000
3-month OPEX required EGP 31,000
IRR expected is 59%
Payback period around 2.4 years
Risk: Risk - farmers might not be convinced with the use of a different type of pesticides and with the system, and thus – mitigation – strong awareness is required.
Risk- reliance on suppliers of pheromones can cause supply risks; mitigation would be to become a distributor for pheromones .
IMPACT: Environmental – Preventing harmful effects of chemical pesticides on agriculture
Social – Low cost pesticides decreasing cost of agriculture activities