Point1
A unnoticeable amount for a noticeable change. Sustainably, socially and lovingly imparting change.
About You
Background Information
First Name
Jon
Last Name
Minchin
Twitter URL
Facebook URL
The competition is only open to people between 18-34 years-old and resident in UK, Ireland, Sweden, Denmark or the Netherlands. Does this apply to you
Country of residence of entrepreneur
UK
Tell us about your personal background. Why are you passionate about this issue? Making an idea a reality takes innovation, dedication and strong leadership. Do you have the necessary entrepreneurial skills to realize your vision?
I have been fortunate enough to be brought up in a environment that allowed me to be socially aware. I have been privileged to see and experiance what a difference people can make when they invest their most valuable resource - time, into one and other.
I think that we have got an opportunity like never seen before to make a difference to those who are less fortunate and feel that it is not an obligation but a honour to be part of something bigger than ourselves.
About Your Organization
Organization Name
Point1
Organization Website
Organization Country
United Kingdom
Country where this project is creating social impact
United Kingdom
Is your organization a
Please select
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Innovation
The Need: What problem are you trying to solve?
Providing for the poorest 0.1% of people on the planet, there are 1.4 billion people in poverty. Those experiencing the worst of this have life expectancies more than 30 years less that those from MEDC's. We will always have the poor but we can increase the quality of life for those who would otherwise suffer the worst neglect.
The Solution: What is your solution? Be specific!
Place an optional charge of 0.1% of the value of the good. This would begin with fast moving consumer goods(FMCG's), much like fairtrade does, however much smaller in comparison but hopefully on a much larger percentage of goods. For example if you buy a £10 football, 1p goes to Point1, this money is then invested in clean water, food, shelter, medical aid, microfinances and other life improving tools for the poorest 0.1%. By partnering with Save the Children, Christian Aid and others we will look to give 100% of that recieved.
The Model: Walk us through a specific example of how your solution makes a difference; include your primary activities
As this is such a small percentage companies will be less reluctant to give this nominal amount but it will add up to create a significant impact. Using the football as an example, 1.5 million balls are sold each year, assume 1p is made from 10% of those sales. This means from footballs alone would bring in £1500 those in greatest need. If you add everything from jam to toothpaste I believe this could have a monumentally significant impact on the lives of 1.4 Million poorest.
The Marketplace: Who are your peers and competitors? Identify others also working to address the needs you are and what differentiates you from them. What challenges could these players pose to your success or growth?
There are may orginistations that look to help the poor like Save the Children, Fair trade, Oxfam and Christian aid. All have established supply chains but are always lacking funding, this is a sustainable method of funding. We are their to form partnerships and build relationships where applicable not to compete.
Select the stage that best applies to your business
Operating for less than a year
This Entry is about (Issues)
Social Impact
What is the social impact you have had to date and how you measure it?
Currently this has just been a thought that I have been playing around with so to date I have not taken this any further. I am using this as a way to first shed light on the idea and hopefully get some feedback which I can begin to build upon.
Sustainability
How does your model address financial, social, and environmental sustainability?
Financial sustainable is address through the constant buying and selling of products, MFCG's are bought in their millions everyday worldwide, people need to but things to keep the economy's moving so as they do this they sustain the giving.
This is also socially sustainable as the money is not simply being given over to those in need. It is being invested in sustainable programmes like building wells, providing a source to supply microfinances from, it will pay for medical and education. If you give a man a fish you will feed him for a day, if you teach a man to fish you will feed him for life.
This will have very little environmental impact as it will utilise existing networks, there may be some CO2 generated from flights and transport but this will be minimised wherever possible. . It will be a case of nurturing what potential the land and natural resources have to offer in a sustainable way instead of irrationally taking without planning for the generations to come.
Awareness & learning
How do you see social entrepreneurship contributing to the improvement of developing countries?
This idea/model is to do exactly that. It is to improve the lives of those who exist in LEDC's. It will look to provide financial assistance through the distribution and accessibility of basic needs supplied by those who have the networks but not the finances.
What aspects of your stay in Uganda as part of the competition do you think you will find most challenging and rewarding?
Experiencing the differences in culture and being able to invest in those people. Going with a humble attitude to learn about a lifestyle that we are not accustomed to as well as building bridges for future investments.
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 | 15 weeks agoJon Minchin updated this Competition Entry. |
| 15 weeks agoJon Minchin updated this Competition Entry. |
| 15 weeks agoJon Minchin updated this Competition Entry. |
| 15 weeks agoJon Minchin submitted this idea. |
