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So you want to be an Green Entrepreneur?

Story of an Environmental Entrepreneur in China

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Page 1: Story of an Environmental Entrepreneur in China

So you want to be an Green Entrepreneur?

Page 2: Story of an Environmental Entrepreneur in China

THE DREAM

•  Originally - Make a place for baby daughter Alyssa to be close to the land.

•  Fate attracted key team members together – the Builder, the Salesman, the Guanxi Expert, the Foodie

•  Gap in the food market that was not being served – why not build a business?

•  Bring together technology, knowledge and capital to uplift “三农” in rural china.

•  Make profits in China with a green conscience! Produce the best seed to plate greens for Shanghai

Chefs

Page 3: Story of an Environmental Entrepreneur in China

Microgreens

Microgreens make dishes into an artistic masterpiece with vibrant

colors, strong flavors and distinctive plate presentation.

Our Products

Herbs Culinary herbs are sourced from

USA/Europe so that taste is never compromised.

Page 4: Story of an Environmental Entrepreneur in China

How We Grow

Hydroponics Aquaponics

Applying soil-less, nutrient solution culture to plant roots in controlled growing facility

Combination of aquaculture and hydroponics in a

symbiotic system

 We built our own grow systems from the ground up and use sustainable horticultural practices.

Page 5: Story of an Environmental Entrepreneur in China

How We Are Sustainable

Local  delivery  (70  KM)  

Use  natural  &  safe  growing  prac=ces    

Recircula=ng  grow  

systems  

Deploy  renewable  energy  

Engage  local  community  

We  work  with  the  community  to  source  most  materials  locally  

and  exchange  knowledge    

Growing  technologies  are  designed  to  reuse  and  conserve  water  

and  nutrient  resources  

We  use  no  pes=cides,  herbicides,  or  

contaminated  water.  We  use  stringent  

codes  and  filtra=ons.    

We  deliver  in  Shanghai  reducing  transport,  carbon  footprint,  and  ensuring  produce  

freshness    

Harness  local  energy  sources  included  

rainwater  collec=on,  wind  energy  

Green  Incubator  for  display  &  storage  

We  offer  green  incubator  systems  to  keep  greens  living  and  minimize  delivery  

frequency  

Page 6: Story of an Environmental Entrepreneur in China

❖  SUSTAINABILITY: We manage and operate responsibly and minimizing our impact on the local environment as much as we can.

❖  HIGH-TECHNOLOGY PRACTICES: We leverage technological advancement for a more resilient and restful growing future.

❖  SAFETY: We care about people’s health and use soil-less systems to avoid harmful chemicals.

❖  PASSION & HARD WORK: We want to cultivate sustainable agriculture and connect people back to their food.

❖  MULTI-CULTURAL: We are a global melting pot of agricultural professionals and respect and encourage cultural diversity.

Our Credo

Page 7: Story of an Environmental Entrepreneur in China

Started with an empty rice field..

Page 8: Story of an Environmental Entrepreneur in China

From Zero to Full Speed Ahead

Page 9: Story of an Environmental Entrepreneur in China

From Zero to Full Speed Ahead

Page 10: Story of an Environmental Entrepreneur in China

Growing and motivating the team!

Page 11: Story of an Environmental Entrepreneur in China

•   Business  plan  is  key  before  anything!  – Where  to  play,  How  to  win,  People  and  Assets,  Goals,  Key  Capabili=es  needed  

•   Validate  that  plan!  (including  talking  to  poten=al  customers,  suppliers  and  compe=tors)    •   Corporate  structure  –  WOFE  or  Local  company    •   Capital  Requirements  –  overseas  funding  takes  more  =me  to  inject  as  RMB  capital.  Op=mal  Debt/Equity  ra=o  worth  exploring  as  shareholder  loan  easier  to  move  $  around.    •   Business  Scope  and  registered  address.  Which  tax  district?  Any  government  incen=ves?      •   Expecta=ons  of  roles  and  =me  commitment  of  all  partners  clear?    

Before  you  start….  

Page 12: Story of an Environmental Entrepreneur in China

•   Take  what  you  expect  to  spend  on  capex  and  double  it.  Implica=ons  on  IRR?  •   Make  sure  you  get  the  Band  together  before  star=ng  out!  Your  team  is  biggest  asset.    •   Government  regula=ons  in  China  are  complicated  but  ignorance  is  NOT  an  excuse!    •   Take  into  account  =me  factor  of  gecng  necessary  licenses  and  permits  (especially  WOFE)  •   Be  prepared  to  make  sacrifices  to  your  lifestyle.  You  need  insane  clarity  and  focus  to  get  a  startup  off  the  ground.  

Top  5  Learning  

Page 13: Story of an Environmental Entrepreneur in China

•   Overall  green  businesses  have  slower  payback  than  tradi=onal  projects  !    •   Tradi=onal  businesses  externalize  environmental  costs  (see  Tragedy  of  Commons)  and  internalize  all  profits    •   A  green  business  tries  to  strike  that  balance  between  paying  fair  share  for  external  costs  and  s=ll  turning  a  profit  •   This  is  about  passion  and  wan=ng  to  live  a  different  way  rather  than  inves=ng  in  “trendy”.    

Expecta=ons  on  Return  

Page 14: Story of an Environmental Entrepreneur in China

Alex  Ng  Founder  C:  1502  1338  433  E:  [email protected]  W:  www.theverdura.com  

Good Luck with building your Green Dream!