The Norwood-based, family-owned company Entomo Farms—which produces and sells edible insects—is seeing exponential growth after receiving funding through Community Futures Peterborough and Southern Ontario Fund for Investment in Innovation (SOFII) in order to continue growing through automation, increasing scale and process improvements.
The expansion comes after Entomo Farms started to supply their cricket powder (the edible insects market is growing dramatically) to the Loblaw’s chain under the President’s Choice label, along with over 50 companies in eight countries. This is another sign that food suppliers recognize edible insects are becoming increasingly mainstream in the modern diet.
“Once again, we are incredibly fortunate to have the support of great Peterborough and Ontario organizations to help us grow our business,” says Darren Goldin, co-founder of Entomo Farms.
Darren Goldin from Entomo Farms
“Entomo Farms is an excellent example of the type of client the SOFII Program was designed for,” says Vince Killen, Executive Director, CF Eastern Ontario.
“A company who is in the process of dynamic growth, has developed innovative and/or disruptive technologies, created or expanded into export markets, impacts regional economies and create jobs. Partnerships like this with the Community Futures Peterborough team are the cornerstone of building our innovation ecosystem here in Eastern Ontario. We are proud to provide this funding to Entomo Farms and its team.”
Entomo Farms staff member
As an agriculture technology client with the Innovation Cluster, Entomo Farms have had support from the Peterborough and the Kawarthas community and networks from the start.
“Entomo Farms is a proven example of a modern agtech company that is setting the bar and thriving in the Peterborough area,” says Michael Skinner, President and CEO of the Innovation Cluster. “As North America’s largest supplier of edible insects, the Entomo Farms team have been able to utilize the local organizations available in the region to achieve the company’s highest potential.”
Roasted insects at entomo farms
This expansion will grow Entomo Farms current workforce by 38 percent within the next year.