What solution(s) does your initiative address to help emerging entrepreneurs and small businesses grow and thrive in underserved communities? (select all applicable)
Access to financing, Access to supply chains, Access to technology, Access to economic opportunity.
What has been the impact of your solution to date?
TWB’s Portal serves Small & Medium Clean Energy Enterprises. In most economies, Small & Medium Enterprises contribute significantly to local economies. In developing regions, each SME can potentially serve as many as 5000 households. The TWB portal, therefore, through the SMEs it serves, would impact thousands of households, farms, small businesses, schools health clinics and more by more efficiently and cost effectively making clean energy products available to them. In Tanzania, through the 20 enterprises we could impact as many as 100,000 households. If we scaled up to 50 enterprises in Tanzania, the numbers would increase accordingly. We are also working in other countries in Africa and Developing Asia, including India, so our impact could be replicated many times more as we scale up globally.
What is your projected impact over the next 1-3 years?
The TWB Portal would directly impact SMCEEs serving rural communities as well as Tier 2 and Tier 3 cities and low-income communities in Tier 1 cities, providing them with access ‘clean’ energy solutions, such as Solar Lanterns, Solar Home Sets and system components for Micro Grids. It would enable each of those individual enterprises to procure Clean Energy supplies as effectively as major conglomerates. Given strong similarity in Clean Energy product needs in Developing Asia and Africa, which account for 95% of the energy access demand in developing regions, the portal's impact in 3 years would be significant, literally tens of thousands of households.
What barriers might hinder the success of your project? How do you plan to overcome them?
The foundation for the portal has been laid. The Requirements Analysis completed, a comprehensive portfolio of Clean Energy products procured from qualified enterprises, and a network of Clean Energy enterprieses in Tanzania are interested in working with us. We are also joining an Incuabtion program at the Hong Kong Science and Technology Park to focus our efforts on developing the portal. The main barrier for the portal's development is financial resources, which is a reason to pursue this funding opportunity and why we expect to devote a significant percentage of our time on accessing funidng resources in the coming months.
Winning entries present a strong plan for how they will achieve and track growth. Identify your six-month milestone for growing your impact
The next 6 months will focus primarily on beta testing the products module of the portal and soliciting user feedback.
Now think bigger! Identify your 12-month impact milestone
The intent over 12-months will be to then implement as many of the portal modules to enable it to be a fully functioning portal