In this episode, Luis Ortiz from Infinite Harvest Technologies discusses the journey of his company, which focuses on waste upcycling using Black Soldier Flies. He explains the business model, the need for waste processing in Ontario, and the challenges and opportunities within the insect industry. The conversation also touches on the importance of collaboration, creative financing strategies, and the regulatory landscape in Canada. Luis emphasizes the need for simplicity in technology and the potential of insects in addressing food waste.

Takeaways

• Infinite Harvest Technologies focuses on waste upcycling using Black Soldier Flies.

• The company started as a spin-off from a medicinal cannabis investment.
• Waste processing is crucial in Ontario due to high landfill emissions.
• Insect businesses can be categorized into input-focused and output-focused.
• Specialization is key for success in the insect industry.
• Collaboration among companies can drive the industry forward.
• Regulations in Canada are strict but vary by market.
• Technology should be a tool, not the core of the business.
• Economic viability depends on managing waste processing costs.
• Insects can play a significant role in food waste management.

Chapters

00:00 Introduction to Infinite Harvest Technologies

02:16 The Business Model of Waste Upcycling

04:37 The Need for Waste Processing in Ontario

09:19 Understanding Insect Business Models

14:37 Challenges and Opportunities in the Insect Industry

19:10 Future Growth and Market Expansion

21:43 Creative Financing Strategies

26:07 Economic Viability of Insect Production

29:17 Insects as a Tool for Food Waste Management

34:10 Regulatory Landscape in Canada

38:35 Technology and Innovation in the Insect Industry

43:29 Advice for Future Leaders in the Industry