An approach that helps individuals to deposit waste and become shareholders and acquire rights to invest in any recycling business. Waste becomes an input that enables individuals to become participants on the stock exchange or commodities futures markets.
Tell us about yourself/your team.
We are a team comprising a computer programmer (at a university’s I.T department), a researcher and inventor and a banker (in the wholesale bank division). The diversity of disciplines shows the complex mix of ideas and the great blend of knowledge. We are an ambitious team seeking to change the world to a better place – improving on what it is currently. We are not only interested in making money but doing business in a way that makes the world a better place because the corporate world has money and power to actually make this reality. Find us at: http://www.facebook.com/pages/Green-Re-cyclecom/305478899486836 and http://www.google.co.zm/url?sa=t&rct=j&q=integrated+waste+management:+Gr...
What makes you an intrapreneur? What are the skills, capabilities, and personality traits that make you an intrapreneur?
The knowledge, training and skill acquired while working in a world class bank with top notch managers, the ability to identify opportunity and articulate issues where they exist as well as being able to selectively determine what to invest my time and effort in make me an intrapreneur. The training, knowledge, determination, ambition, persistence and experience in the corporate world undoubtedly make me an intrapreneur
About Your Organization
Primary country where this project is creating social impact
Additional countries or regions
Finance, Insurance, Real Estate
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Select the stage that best applies to your solution
Start-Up (a pilot that has just begun operating)
The Need: What social or environmental problem are you trying to solve?
The limited participation of less privileged people on the stock exchange, commodities futures exchange, big co-operations, carbon credit markets and intellectual property markets is the problem we are solving by empowering the less privileged through our innovation while dealing with issues of waste management and financial illiteracy. We are also creating a system that will help manage the careless and irresponsible dumping of waste thus reducing the incidence of avoidable epidemics like diarrhoea, cholera, malaria, etc. Through our strategy we create an innovative and collaborative culture in the society (working in teams produces better results than solo performances).
The Solution: What is your solution? Be specific!
In order to help redistribute wealth and income as well as empower the poor and challenge status quo, the solution we offer is to create an enabling environment that will enable the poor to participate on the stock exchange and commodities futures exchange through innovative ways of managing waste and providing financial literacy. The limited participation of less privileged people on the stock exchange, commodities futures exchange, big co-operations, carbon credit markets and intellectual property markets is the problem we are solving by empowering the less privileged through our innovation while dealing with issues of waste management and financial illiteracy.
The Solution: Why is this solution innovative for your company and industry?
The approach we are proposing creates value by making real change in people’s lives and adding real value. We help the bank stay in people’s minds for the long run in line with the bank’s brand promise “Here for Good”. As social intrapreneurs, we believe that business that makes a real change in people’s lives stands the test of time and makes a greater impact
The Model: Walk us through a specific example of how your solution makes a difference; include your primary activities.
By grouping areas of low population density (such as farms) with areas of high population density (such as compounds) - waste that is generated in areas where there is on space to set up a biological recycling centre can be moved to areas where there is space to set up such a centre. One example is a Greenhouse in which plants are propagated in cartons which are used to carry liquids, such as empty shake-shake packs, and plastic bottles recycled into flower pots and plant containers. After their growth has been accelerated they can be distributed among homes near schools, restaurant and hotels. This helps to march the supply of fresh fruit and vegetables with demand and therefore reduces waste by cutting the cost of transport, refrigeration and avoiding over- productivity. We recommend the use of technologies of siemens –logo micro automation, SIMATIC S7- 200 and Craft Silicon-Bankers Realm EFT Solution (BREFT). Additionally, all biological agents have a great capacity of consuming waste and of multiplying quickly thus accelerating the transformation of waste into valuable product. Four biological agents identified include fungus, bacteria, plants and fish.
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?
Competitors include but are not limited to Tesco, Recycle Bank, Agri-Capital and Bio-Construct. Our peers include WASAZA, Southern Bio Power, etc. Others who are trying to address the same needs are Recycle Bank. However, what differentiates us from them is that benefits that accrue to depositors are transferable. One can use their benefits to acquire shares or sell their shares to another party. However, recycle bank only offers discounted prices on their products in form of vouchers to depositors. Challenges would include intensified competition and aggression from competitors who would feel we are trying to take their market share.
This Entry is about (Issues)
Founding Story: We want to hear about your "Aha!" moment. Share the story of where and when the founder(s) saw this solution's potential to change the world.
The current state of affairs in which investment trends are moving away from the stock exchange to the commodities futures exchange and the fact that people at the bottom of the social pyramid have little disposable income to invest on both, makes it is necessary to come up with an alternative investment scheme that enable the poor to invest on these exchanges. In addition, the waste management of cities highlights an opportunity for redirecting resource (after recovering them) from bins and sewers of both the poor and rich into investment schemes. This is the Integrated Waste Management System (Green Re-cycle.com) .Its purpose is to manage waste by techniques used to raise capital for various businesses on the stock exchange. Since waste of different kinds can be used as the principle raw material by various companies, it is therefore some kind of capital. This waste can therefore be recycled in the most cost effective ways by experts using different processes to produce various goods
What has been the impact of your solution to date?
This approach has shown that the major difference and benefit to an individual is that someone who deposits waste becomes a shareholder and has the rights to invest in whichever recycling business he or she chooses. Just as on the stock exchange, shares can be acquired on primary and secondary markets or by working for a recycling company. The bank can also act as a fund manager where pooled individual assets are invested on their behalf in stock indices or stocks of their interest. [See you tube and linkedin: weima , komptech , 2k manufacturing]
What is your projected impact over the next 1 to 3 years?
• Increased number of low income earners participating on the stock exchange
• Increased financial literacy
• Production of bio fuel
• Production of organic fertilizer
• Generation of electricity
What barriers might hinder the success of your project? How do you plan to overcome them?
• Startup cost might be too high
• Resistance to change by society
• Increased competition for waste by participants
What is the benefit or value you're creating for your business?
The benefit we are creating for our bank is that which can not be obtained financially. Its value created by making real change people’s lives and adding real value. It’s a tool that the business world calls “Corporate Social Responsibility”. We help the bank stay in people’s minds for the long run.
How are you leveraging internal resources (funds, time, knowledge, etc.) to support this initiative?
The bank’s brand promise is to be “Here for Good”, to be here for the long run as well as to be here for every good cause. As much as it is strong, highly liquid and financially sound, the bank strongly believes in bettering lives of people and societies in which it operates. As social intrapreneurs, we believe that business that makes a real change in people’s lives stands the test of time and makes a greater impact. A classic example is that of Merck Pharmaceuticals. We would like to create such value for our bank leveraging on the skill, discipline, experience and expertise of the top notch managers and mentors within the organization.
Expand on your answer, explaining the long-term funding and support plan.
Since the whole process will operate like a unit trust/fund, the management and administration fees collected will ensure sustainable financing of the project. In addition, a fee will be charged for waste collection to cover transport and other costs in the same way that municipalities operate. Increase the number of people depositing waste through this centrally managed system, i.e. people gather garbage and on given days they dump it at the designated sites. Influence government to introduce incentives to encourage companies to invest in such businesses. The government should introduce policies to ensure people deposit waste at designated areas/spots. Have good levels of efficiency to encourage people to support the project. Since the bank has expressed interest in adopting the good idea
Tell us about your partnerships across your company and externally that are key to your project's success.
Within the company, Standard Chartered Group has extended its support to its international graduates (management trainees who are highly talented and ambitious individuals groomed to be future leaders). The strong partnerships and networks created through the international graduate programme of the bank are key to success within the business circles as well as the banking industry.
What internal support have you gotten for your project? What kind of push-back have you received?
The bank (Standard Chartered Bank) has opened its doors to support all social intrapreneurs with great ideas. So as long as the idea is good the bank will adopt it and finance. The bank has identified a group of talented individuals to whom it has opened its doors and extended its support in this regard.