Tell us about the social impact of your innovation. Please include both numbers and stories as evidence of this impact
Yozed is still in its start-up phase and to demostrate impact in the business community. It has however been able to reach out to its potential beneficiary groups who have taken the invitation to participate in the programme very well. Currently still under constant design and modification the website has already lured a few advertisers. At the recent trade fair period which ended on the 24th April 2010. We discovered that most start-up and small projects do not have access to major trade conferences and shows as they do not afford or meet the basic requirements. As such the organization has stepped out to the street to call for small start- up projects to send in their products for selling.
It will however take more time patience and resources to fully get results from the idea.
Problem: Describe the primary problem(s) that your innovation is addressing
The innovation is addressing sustainability and poverty eradication. Most market trade is biased towards established and more seasoned enterprises. This generally means that the poverty cycle is very hard to break relating it to the market trends. In general terms the project seeks to eradicate poverty by giving out an market opportunity to deprived projects giving them equal market exposure through virtual commerce.
Actions: Describe the steps that you are taking to make your innovation a success. Include a description of the business model. What might prevent that success?
Already the site where all the market will meet sell and buy their products has been developed and hosted and will continue to face development and upgrade to be a fully functional site. Offers have been announced for small and start-up projects and poor individuals will be able to sell their products at a very affordable rate. The business model will allow customers to meet with business at the convenient and most easily accessible place. Even a vendor who usually sells his/her products on a street corner will be able to meet a buyer who buys from a prestigious shop or grocery store. The success of this model solely depend on time and resource investment. It needs highly passionate team members who are dedicated to changing the general consumer buying habits from direct buying to the easily accessible virtual system. Lack of proper resource investment might also hamper growth and success of the initiative.
Results: Describe the expected results of these actions over the next three years. Please address each year separately, if possible
Most small start- up projects will have access to a wide unlimited consumer and customer market.
Poor people will be able to sell and do business without having to struggle and fight complex market huddles leveraging their post start-up phase.
The developed virtual market place will have different players from all different parts of the economy.
If your innovation seeks to impact public policy, how?
Approximately 150 words left (1200 characters).