Digital Fish
Forbes Indonesia|July 2016

Gibran huzaifah’s efishery has the potential to become a homegrown tech giant.

Nirmala Aninda and Ulisari Eslita
Digital Fish

Gibran Huzaifah 

CONSIDER THIS: fish aquaculture is expanding faster than any other animal-based food sector worldwide. Simultaneously, the catch of fish on open seas is stagnating. Indonesia’s fish catches have only grown 3% over the past few years, meaning fish stocks in the open oceans are being exhausted. On the other hand, aquaculture grew at 21% for the past six years. Thus the future for the fishery industry in Indonesia may lie in aquaculture.

Gibran Huzaifah, 26, is aware of these circumstances. In 2010, during his third year as a biology student at Bandung Institute of Technology (ITB), he started a fishery business handling several fishponds. Sadly, the business didn’t do well. “I struggled with the feeding cost. It depleted three-quarters of the total operational cost,” says Gibran, now chief executive and co-founder of Cybreed, which makes the technology eFishery.

Overfeeding is always a challenge that every farmer encounters in the aquaculture business. It is hard to determine how much food fish and shrimp need, as well as problems of tainting the water in which the fish swim from overfeeding. “There is also the risk of (feed) being stolen,” adds Gibran.

Esta historia es de la edición July 2016 de Forbes Indonesia.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición July 2016 de Forbes Indonesia.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE FORBES INDONESIAVer todo
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

time-read
10+ minutos  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

time-read
6 minutos  |
December 2021
Boys in the Bubble
Forbes Indonesia

Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

time-read
6 minutos  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time-read
6 minutos  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

time-read
5 minutos  |
December 2021
Marathon Man
Forbes Indonesia

Marathon Man

Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.

time-read
5 minutos  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

time-read
2 minutos  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

time-read
5 minutos  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time-read
4 minutos  |
December 2021
THE CROESUS OF CRYPTO
Forbes Indonesia

THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

time-read
10+ minutos  |
November 2021