From food waste to protein in six days [Video]

New data shows Canada has an ongoing food waste challenge, and it’s expensive.

The problem requires some out-of-box thinking and Quebec start-up Entosystem has a solution that is attracting interest from the marketplace and investors.

Why it matters: Avoidable food waste has an estimated value of $58 billion, and from an environmental perspective, contributes the same carbon dioxide emissions as 253,000 flights from Toronto to Vancouver.

According to a recently released study by food rescue organization Second Harvest, Canadians waste almost half of all food in the country every year.

Quebec-based rendering company Sanimax, investment firm Idealist Capital, and investment fund Fondaction are jointly investing $58 million into Entosystem’s insect rearing technology that turns food waste into animal protein and frass fertilizer.

“Black soldier fly larvae are very good at eating food …