Nanoscopic $Co_3O_4$ particles were prepared using avian egg membrane as a template at $800^{circ}C$. The prepared materials were subjected to XRD, SEM, TEM and Raman spectroscopic studies. Cyclic voltammetry study shows a single step oxidation and reduction process. Electrochemical lithium insertion behavior of the materials was examined in coin cells of the 2032 configuration. The material showed a discharge capacity 600mAh/g even after 20 cycles.