Nigeria - Business creation project

Describe your project or startup in a few words

Novo Adhesives is a local Nigeria glue manufacturing company with focus in adhesive manufacturing from the uses of Local sourced raw materials for the purpose of creating strong glue products for the market in Nigeria

01.01 Describe your project in more detail

Novo Adhesives is a local glue manufacturing company with focus on adhesives manufacturing. We aim to become an adhesive solution provider and been innovative in helping customers solve their adhesion problems. Novo adhesives currently manufactures water-based general purpose adhesive made from locally sourced raw material to be used for different adhesion purpose for wood joining, Pop/Screeding, wallpaper, carton joining, rubber tiles etc. As we grow. we aim to become a wide range manufacturer of consumer adhesive and sealant products in Nigeria, such as PVC gum, solvent cement, polyethylene glue, synthetic rubber adhesive, super glue, celotape and many more.

01.02 What is the main problem you are trying to solve?

We at Novo Bond aims to solve Adhesive problems in Nigeria affordably by making used of local available resources to achieve international standard quality, Nigeria is a big importer of different adhesive products into the country and we aim to fill some of the gaps by making this products here in Nigeria affordably, product like contact cement Adhesive ,super glues, Polyethylene glue, epoxy glue etc are of high demand in Nigeria and we also wish to create Jobs as we expand and manufacture different Adhesive products for Nigeria markets...

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

1. Economic Impact: Our glue is essential in numerous industries, Such as construction, automotive, packaging, and furniture, contributing to economic growth and job creation. The production and sale of our adhesive support businesses and employment. 2. Innovation and Technology: Our company (Novo Bond) facilitates innovation in technology and manufacturing. we also work on the creation of new products and improves existing ones, enhancing their functionality and durability. 3.Daily Convenience: Our glue can be used in our everyday life, such as household repairs, crafts, and school projects. Its availability and affordability make it accessible for various applications, improving convenience and quality of life.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

Novo bond is aimed at serving the following targeted beneficiaries below, 1. Buildings and Constructions: Our glue such as Novo multi-purpose glue can be used in the building sector for wall screeding and POP designs, can also be mixed with motar to give concrete strength and workability. 2. Packaging Company: Our Novo bond can be used by packaging companies to make carton packages used by other companies to package there final products for the market. 3. Furniture Company: Due to its high bonding strength, our Novo multi-purpose wood glue give a superb and good bonding strength on wood for furniture production. 4. Print Press and Publishers company: Publishing companies make use of our glue for the purpose of book binding. 5. Interior decorations and design company: our glue is used for craft work and decorations for interiors work such as wallpaper fixing, wooden photo frames etc.

01.05 When did you start working on your project?

2021-05-14

01.06 How many other partners are associated with your business venture?

5

01.07 Among the other partners, how many are female?

2

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Mrs Ujunwa Ezekwueme : Mrs Ujunwa is the Vice president of Novo Adhesives company , she is the chief strategies officer that help oversee the advancement of the company, she is a skilled economics and she help make plans and strategies for the company . Mr. Tobe Egwuatu : Mr Tobe is the COO (chief operation officer ) of Novo Adhesives. He is in charge of daily operation of the company, He have over 20years experience in managing different painting industries and will bring his experience to help advance Novo Adhesives company . Mr Ifeanyi Nwaribeaku: Mr Ifeanyi is the chief financial officer of the company , he is in charge of the company finance and inventory department, a graduate of Madonna University, with experience in business finance management . Mr. Adeyemi Adeyinka : Mr Adeyemi is the company production manager, he have trainings and experience in glue production to help the company achieve it aim... Miss Blessing Obioma: Miss Blessing is the chief marketing manager

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

https://www.facebook.com/novoadhesives?mibextid=ZbWKwL

01.10 Which industry best describes your project?

b) Materials (agriculture, fishing, chemical products, construction materials, containers and packaging, metals and mining, paper and forest products)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

Our adhesives(Novo Bond) will contribute to the No Poverty goal by supporting economic development, improving infrastructure, enhancing access to essential services, and promoting sustainable and resilient communities. Through these contributions, adhesives help create the conditions necessary for reducing poverty and improving quality of life for disadvantaged populations.

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

Our Glue(Novo Bond) can contribute to the Zero Hunger by enhancing agricultural productivity, improving food storage and transportation, and supporting sustainable agricultural practices. Here are several ways our adhesive can contribute to achieving this goal: 1.Agricultural Productivity: Agricultural Machinery: Our Adhesive are used in the manufacturing and maintenance of agricultural machinery and equipment. By ensuring the reliability and durability of tractors, harvesters, and irrigation systems, adhesives help increase agricultural productivity and efficiency. 2.Food Storage and Preservation: Packaging Solutions: Our Adhesive are used in food packaging, helping to create airtight and tamper-proof seals that extend the shelf life of food products. This reduces food spoilage and waste, ensuring that more food reaches consumers.

02.03.01 My project contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification

Novo Medical Adhesive will play a significant role in promoting good health and well-being, aligning with the United Nations. Here are several ways our adhesive contribute to this goal: 1.Medical Adhesives: Our adhesive are used in various medical devices, such as bandages, surgical tapes, wound dressings, and transdermal patches. These products are essential for wound care, drug delivery, and surgical procedures, helping to ensure patient safety and comfort. 2.Safe Packaging: Our adhesives are used in the packaging of pharmaceuticals, ensuring tamper-evidence and maintaining the integrity and safety of medicines. This helps prevent contamination and ensures that patients receive effective and safe treatments. 3.Personal Care Products: Our adhesives are used in personal care products such as diapers, sanitary napkins, and incontinence products. These products help maintain hygiene, comfort, and dignity for individuals, contributing to overall well-being.

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

Novo Bond can contribute to achieving the United Nations Sustainable Development Goal in Quality education by the following: School Supplies: Our adhesive will be found in various stationery products, such as glue sticks, tape, and labels, which are essential for organizing and managing classroom materials and activities. And our adhesive enable the creation of educational displays, posters, and visual aids that enhance teaching effectiveness and help students understand complex concepts. Safe Environment: Our adhesives contribute to a safe educational environment by securing flooring, carpets, and other materials that reduce slips and falls. Safe environments are crucial for student well-being and effective learning.

02.05.01 My project contributes to the Gender equality goal

6

02.05.02 Gender equality - Justification

Yes, at Novo bond, we promote gender equality by given suitable roles to both male and female alike to achieve our company goals

02.06.01 My project contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification

We at Novo bond takes Environmental and sanitation awareness seriously as our products does not cause water pollution, our products are formulated to be used immediately without much wastes to the environment, we are committed to zero wastes and water pollution .

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

Our Adhesive enhance the durability and longevity of products and infrastructure. This reduces the need for frequent replacements and repairs, leading to lower resource consumption and energy use over time.

02.08.01 My project contributes to the Decent work and economic growth

5

02.08.02 Decent work and economic growth - Justification

Our Adhesives are also used by numerous SMEs (Small and medium Enterprises) across various sectors. These businesses are critical for economic growth, innovation, and employment. By enabling SMEs to develop and improve their products, adhesives indirectly support economic growth and job creation.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Our Adhesive support sustainability by allowing for the use of recycled materials and enhancing the durability and longevity of products. This reduces waste and conserves resources, aligning with the goals of sustainable infrastructure development.

02.10.01 My project contributes to the Reduced inequalities goal

5

02.10.02 Reduced inequalities - Justification

Our adhesive industry, including glue manufacturing, generates employment opportunities across various skill levels, from research and development to manufacturing and sales. This helps in providing jobs in both developed and developing regions, contributing to economic growth and reducing income inequalities. While the impact of glue and adhesives on reducing inequalities may not be as direct or immediately apparent as other sectors, their role in fostering economic growth, supporting SMEs, and improving product accessibility can contribute to broader efforts to reduce inequalities globally.

02.11.01 My project contributes to the Sustainable cities and communities goal

6

02.11.02 Sustainable cities and communities - Justification

Our Glue used in the repair and maintenance of products extend their lifecycle, reducing waste. This aligns with the circular economy principles, where products are kept in use for as long as possible.

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

Waste Reduction and Recycling: Packaging: Using minimal, recyclable, or biodegradable packaging for glue products helps reduce waste. Product Lifecycle Management: Encouraging consumers to recycle glue containers and providing information on proper disposal helps minimize waste.

02.13.01 My project contributes to the Climate action goal

1 - Strongly Disagree

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification

Microplastics: Some glues break down into microplastics, which can be ingested by marine life, causing harm. Toxicity:Glues containing toxic substances can harm marine organisms if they leach into waterways.

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

Sustainable Packaging:Our Adhesive are used in sustainable packaging help reduce waste and promote recycling. By minimizing landfill waste and encouraging the reuse of materials, these adhesives support ecosystem health and reduce the burden on land resources.

02.16.01 My project contributes to the Peace justice and strong institutions goal

7 - Strongly Agree

02.16.02 Peace justice and strong institutions - Justification

In Promoting Economic Stability Our adhesive industry, by contributing to various sectors, helps promote economic stability and job creation. Economic stability is a key factor in maintaining peace and reducing the likelihood of conflict.

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

1.Industry Collaboration : Our Adhesive are integral to numerous sectors, including construction, automotive, healthcare, and electronics. By enabling the creation of advanced products and infrastructure, adhesives support partnerships between companies, researchers, and governments to foster sustainable development. 2. Innovation and Technology Transfer: Our Adhesive technologies often require research and development, leading to partnerships between academic institutions, private companies, and public entities. These collaborations can drive innovation and the dissemination of technology, crucial for achieving sustainable goals.

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

05.02 The product/service we envision creating represents an entirely new type of product/service.

5

05.03 The product/service we envision creating could be described as a new technology.

3

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

3

05.08 Justification

Our Adhesive products can be considered unique and innovative through a combination of advanced technologies, specialized formulations, and applications tailored to meet specific industry needs.

05.09 Who are your main potential competitors and what makes you stand out from them?

Our major competitors for our current multi purpose glue product market in Nigeria are Top bond and Vinko bond as they both hold 70% of the market shares in Nigeria...Since our entry into the market 3years ago, Novo bond have expanded not on in Lagos state but other states in Nigeria. What made us stand out in the glue market is that our NOVO bond unique selling point is its packaging and quality, it is also affordability and best used for screeding and pop Jobs because it gives good and gives smooths finishes upon application and dry hard....Novo bond glue also have a water resistance properties that also makes it unique and standout from others in the market .

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Mentorship Programs: Establish mentorship opportunities where experienced female entrepreneurs can guide and support aspiring female business owners. This could include one-on-one mentorship, group workshops, or online mentoring sessions.