Eco-innovation is a new business approach which promotes
sustainability throughout the entire life cycle of a product, while also
boosting a company’s performance and competitiveness.
It can help small- and medium-sized enterprises (SMEs)
access new and expanding markets, increase productivity, attract new investment
into the business, increase profitability across the value chain, and help SMEs
stay ahead of regulations and standards – notably those related to the
environment.
UCPC has piloted Eco-Innovation programme in the Agri-food
processing sector in Uganda.
Improved food safety with
introduction of mobile laboratories to monitor levels of aflatoxin in raw
materials which resulted into reduction in rejects from 60% (over 10.5tons) to
Zero at one of the factories. At the same time, the company contracted at-least
56 field extension services providers .
Improved product’s Shelf life
from 90 days to 180 days under room temperature storage (without refrigeration).
This was achieved by one of the dairy industries that participated in the
project
One of the factories also started earning additional revenue of
up to USD 23,209 /= from plastic waste that they began crushing for recycling.
This has saved at least 96 tones of plastics from joining the
environment.
In general, new
business models were implemented which resulted in; creation of 10 new jobs, direct
annual savings of over USD 130,157.3 were achieved, an additional revenue
stream of over USD 25,780 was obtained, there was a reduction of greenhouse gas
emission equivalent to 1,300 tons CO2 (carbon dioxide) and improved
quality of products and reduced overall production costs and improved
profitability.