{"id":817,"date":"2020-10-15T00:00:00","date_gmt":"2020-10-15T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-110-how-indonesias-efishery-is-uplifting-fish-farmers-with-technology-and\/"},"modified":"2021-07-23T07:40:05","modified_gmt":"2021-07-23T07:40:05","slug":"durians-daily-110-how-indonesias-efishery-is-uplifting-fish-farmers-with-technology-and","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=817","title":{"rendered":"Daily Markup #110: How Indonesia\u2019s eFishery is uplifting fish farmers with technology and\u2026"},"content":{"rendered":"<figure><img decoding=\"async\" data-width=\"490\" data-height=\"528\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1GOBpVDeUnYw-y4sV6CDxXw.png\"><\/figure>\n<p><strong>Fishing for the future<\/strong><\/p>\n<ul>\n<li>Gibran Huzaifah tried his hand at fish farming while studying aquaculture at Indonesia\u2019s Bandung Institute of Technology. Wanting to boost his returns, Gibran consulted fellow fish farmers\u200a\u2014\u200aonly to uncover the inefficiencies in traditional fish farming.<\/li>\n<li>It inspired Gibran to launch 500-backed <a href=\"https:\/\/efishery.com\/\" target=\"_blank\" rel=\"noopener\">eFishery<\/a> in 2013, The first product is a WiFi-connected feeder that allows farmers to automate feeding schedules through their smartphones.<\/li>\n<li>\u201cFeeding makes up about 70\u201390% of the total fish farming cost. By feeding manually, much of the feed is wasted and pollutes the water. From there, I got the idea to build a smart feeding system called eFishery Feeder,\u201d Gibran told <a href=\"https:\/\/kr-asia.com\/from-fish-feed-to-financing-efishery-builds-services-for-indonesias-fish-farmers-startup-stories\" target=\"_blank\" rel=\"noopener\">KrAsia<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1400\" data-height=\"933\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da3f28744.jpg\"><figcaption class=\"wp-caption-text\">Credit: KrAsia<\/figcaption><\/figure>\n<ul>\n<li>A core feature of the eFishery Feeder is its ability to gauge the fishes appetite and dispense feed when the timing is right.<\/li>\n<li>\u201cWith more optimal feeding, it also helps speed up fish maturity so farmers can harvest quicker, from six months to four months, on average. This leads to better productivity and increased annual income,\u201d Gibran added.<\/li>\n<li>Aside from addressing farming needs, eFishery connects farmers with manufacturers directly to purchase feed at bulk as a group or for themselves, at a cheaper price.<\/li>\n<li>Should farmers not be able to afford their feed, eFishery provides financial assistance with a buy-now-pay-later scheme.<\/li>\n<li>\u201cSince we collect data from the Feeder, we can do credit scoring for the farmers\u2019 business, analyze their performance, and find out which farmers are reliable. We set credit limits based on that information,\u201d said Gibran, adding that the eFishery Fund has approved nearly IDR 5 billion (US$340,000) in credit since it was introduced in January.<\/li>\n<li>While eFishery operates in 24 provinces in Indonesia, it has also entered Vietnam, India, Thailand, and Bangladesh.<\/li>\n<li>Read Gibran\u2019s full interview with <a href=\"https:\/\/kr-asia.com\/from-fish-feed-to-financing-efishery-builds-services-for-indonesias-fish-farmers-startup-stories\" target=\"_blank\" rel=\"noopener\">KrAsia<\/a>.<\/li>\n<\/ul>\n<p><strong>The new frontier<\/strong><\/p>\n<ul>\n<li>Singapore has its eyes set on the vast abyss of space\u200a\u2014\u200aand 500-backed Transcelestial is coming onboard.<\/li>\n<li>It plans to put laser-connected satellites in space, with one purpose: To provide accessible and affordable internet to \u201croughly three and a half billion people\u201d, according to Transcelestial co-founder Rohit Jha.<\/li>\n<li>The team has created Centauri\u200a\u2014\u200aa device that uses laser communication to create a wireless distribution network between buildings, traditional cell towers, street-level poles, and other physical infrastructure.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"960\" data-height=\"640\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da3f7f113.jpg\"><figcaption class=\"wp-caption-text\">Credit: The Business\u00a0Times<\/figcaption><\/figure>\n<ul>\n<li>\u201cAll you have to do is position a satellite above (them), drop a laser link, and you can power high-bandwidth internet to everyone,\u201d said Rohit when interviewed by Channel NewsAsia\u2019s \u201cWhy It Matters\u201d, a programme featuring the technologies and trends shaping the future.<\/li>\n<li>Transcelestial is working hard for a global roll-out in 2024. The company raised a US$9.6 million <a href=\"https:\/\/e27.co\/singapores-transcelestial-raises-us9-6m-series-a-to-deliver-a-step-change-in-internet-connectivity-globally-20200703\/\" target=\"_blank\" rel=\"noopener\">Series A round<\/a> in July.<\/li>\n<li>Catch Rohit on <a href=\"https:\/\/www.youtube.com\/watch?v=hkxBhE26cjk\" target=\"_blank\" rel=\"noopener\">Why It Matters<\/a>.<\/li>\n<\/ul>\n<p><strong>Robot realism<\/strong><\/p>\n<ul>\n<li>The Telepresence Robot by OhmniLabs has certainly been utilized in more ways than one during this period of social distancing.<\/li>\n<li><a href=\"https:\/\/ohmnilabs.com\/media\/robots-virtual-graduation\/\" target=\"_blank\" rel=\"noopener\">Graduation ceremonies<\/a>, <a href=\"https:\/\/www.globenewswire.com\/news-release\/2020\/06\/17\/2049456\/0\/en\/OhmniLabs-Delivering-Advanced-Telepresence-Robotics-for-Healthcare.html\" target=\"_blank\" rel=\"noopener\">house and hospital visits<\/a>, <a href=\"https:\/\/www.forbes.com\/sites\/joanverdon\/2020\/05\/15\/remote-retail-avatar-robots-are-great-at-selling-art-now-what-else-can-they-do\/\" target=\"_blank\" rel=\"noopener\">procuring exquisite art<\/a>\u200a\u2014\u200athe towering and impressively agile robot has allowed people to interact with each other, without needing physical presence.<\/li>\n<li>Designed to be simple and inconspicuous, the Telepresence Robot goes back to its charging dock with the click of a button and fits well in any home setting.<\/li>\n<li>\u201cWe want to fit into an environment, just like a piece of furniture. Something you feel comfortable having around,\u201d CEO Thuc Vu told <a href=\"https:\/\/www.sfgate.com\/tech\/article\/A-Silicon-Valley-company-is-selling-tons-of-15617082.php#photo-20053040\" target=\"_blank\" rel=\"noopener\">SFGate<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1150\" data-height=\"767\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da3fcbae0.jpg\"><figcaption class=\"wp-caption-text\">Credit: SFGate<\/figcaption><\/figure>\n<ul>\n<li>One other useful feature of OhmniLabs\u2019 telepresence robot is that it doesn\u2019t require a second party to \u201caccept\u201d a call. The person controlling the robot can turn it on anytime. This is especially useful for those with aging relatives that live far away from them.<\/li>\n<li>\u201cI have a robot I use with my mom. She\u2019s 80 years old and she doesn\u2019t live with me, but I can just log into her apartment anytime I want. And because the robot is mobile, I can log into the family room where the dock is and if she\u2019s in the kitchen or her bedroom, I just go find her. It\u2019s so much easier than trying to get her to do FaceTime.\u201d said Laura Guy, OhmniLab\u2019s content manager.<\/li>\n<li>As physical isolation becomes commonplace for the foreseeable future, OhmniLab\u2019s metal creations will help people keep their loved ones close, despite the distance.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da40373b0.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fishing for the future Gibran Huzaifah tried his hand at fish farming while studying aquaculture at Indonesia\u2019s Bandung Institute of Technology. Wanting to boost his returns, Gibran consulted fellow fish farmers\u200a\u2014\u200aonly to uncover the inefficiencies in traditional fish farming. It inspired Gibran to launch 500-backed eFishery in 2013, The first product is a WiFi-connected feeder [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[351,325,397],"class_list":["post-817","post","type-post","status-publish","format-standard","hentry","category-daily","tag-efishery","tag-ohmnilabs","tag-transcelestial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #110: How Indonesia\u2019s eFishery is uplifting fish farmers with technology and\u2026 - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=817\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #110: How Indonesia\u2019s eFishery is uplifting fish farmers with technology and\u2026 - Markup\" \/>\n<meta property=\"og:description\" content=\"Fishing for the future Gibran Huzaifah tried his hand at fish farming while studying aquaculture at Indonesia\u2019s Bandung Institute of Technology. Wanting to boost his returns, Gibran consulted fellow fish farmers\u200a\u2014\u200aonly to uncover the inefficiencies in traditional fish farming. 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