List all the funding sources that are required for the sustainability of this solution
Innovative requires funds to operate. The major cost will be equipment, salaries, offices, website, development improvements, licenses, expansion and indirect cost in wich we will invest funds of $200,000. Regular monthly expenses are estimated at $24,691 and miscellaneous costs relating to administration will also be covered by this capital injection and cash-flows from operations. Wages are budgeted to be $50,000 per year.
Innovative will generate $500,000 in its first year of operation, with an estimated gross profit of 30%, yielding approximately $25,000 to cover administrative expenses. Based on the assumptions contained in our plan.
Demonstrate how your proposed solution has the capacity to graduate from dependence on public finance. What is the time frame?
When the SMEs, entrepreneurs, that receive loans from Innovative start to repaid their loans, we hope that the innovative project will become self-sustainable. We estimate that the business will break-even in its first year of operations.
Demonstrate how your proposed solution will survive a potential loss of its largest private funding source
It's evident that Innovative will invest money to the most innovative solution that could generate revenue and change living conditions of people. if private funding source leave the project, The revenue generate by Loan repayment can serve to ensure the sustainability of the project. It will be possible for Innovatibe to bay share in the innovation solution and SMEs that we will invest.
Please tell us what kind of partnerships, if any, could be critical to the greater success and sustainability of your innovation
Commercial, governement, private organizations will engaged in partnership with Innovative to select and fund innovation solution that SMEs, entrepreneurs will present.
Are there non-financial issues that could threaten the sustainability of your proposed solution?
Yes, the most problems that could affected innovative project are the political and business climate in Congo. As you know, congo is post-conflict country with unstable political situation.
According to World Bank, Doing Business 2010 reports Congo is ranked 183
Please tell us if your proposed solution aims to scale up through a high growth sector, expand immediately to multiple sectors, and/or scale up geographically
Innovative will be focused first to Congo market during the next 3-5 years and we will fund innovation in all sector from education, to environment, technology, Medical advancement,etc
Innovative will be focused on the innovative solutions presented by SMEs, entrepreneurs, innovators, women and youth that have the possibility to ameliorate living conditions of people and generate revenues.