This study aimed to determine the suitability of several organic waste substrates to be processed by the larvae of the black soldier fly, Hermetia illucens (L.) (Diptera: Stratiomyidae) (BSFL) in a value-added bioconversion system. Three types of organic waste (brewer's waste, solid phase of pig manure, and semidigested grass) were tested and compared with a standard larval diet, broll (wheat middling). Larval survival and growth, chemical composition of the resulting prepupae, conversion ratios of nutrients and waste dry matter, and waste reduction rate were measured. Larval survival was high in all tested substrates. Compared with the larvae fed pig manure or semidigested grass, those fed standard diet or brewer's waste showed shorter development time, higher weight gain, and higher prepupal crude protein and crude fat content. BSFL also reduce more dry matter in the standard diet or in brewer's waste than in the other two substrates. On the other hand, larvae fed semidigested grass took 70 d to complete development and suffered fat loss. Thus, we suggest that brewer's waste is the most suitable substrate among the selected wastes for being processed by BSFL, whereas semidigested grass is an unsuitable substrate. We found that lignin had a significantly negative effect on larval growth, and emphasized the importance of applying lignin-digesting microorganisms to lignin-rich substrates being converted by BSFL. Moreover, a protein:fat:digestible carbohydrate ratio of 2:1:2 was hypothesized to benefit larval development.