Initiator: Sergey Palagnyuk. Student
Location: Chernivtsi, Ukraine
Year of initial investment: 2012
Shareholding: Large minority stake
Actual situation: Increase of production capacities
1) Sale of stake to the initiator of the project.
2) Sale of stake to external investors.
In a few weeks after financing, Sergey Palagnyuk assembled special equipment for organic fertilizers production.
During the production cycle of the first test batch of fertilizers Sergey found suppliers of food wastes (main resoure for organic fertilizers production) and signed first agreements with potential customers.
National science and technology center of land capacity gave a report that samples of the test batch of fertilizers are surely organic fertilizers and can be used for growing crops.
Now, Sergey sells fertilizers and expands production capacities.