Gibran huzaifah’s efishery has the potential to become a homegrown tech giant.
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.
This story is from the July 2016 edition of Forbes Indonesia.
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This story is from the July 2016 edition of Forbes Indonesia.
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