Nigeria - Business creation project

Describe your project or startup in a few words

This is a technology the will save or reduce utility bills cost by 95% because it's can be connected to the grid power supply and it's completely green so it's not dangerous to our environment and improved performance and a money saving technology.

01.01 Describe your project in more detail

This is a technology that will be of Good benefit to humans and our environment. It's saves energy cost by 95% and it's completely green so it's doesn't affect our health and the health of our environment. With this technology energy can be efficient and affordable for all, this technology can be used in both homes, offices and even industrial areas base on the size used because its varies in output. This technology can also be connected to a solar panel Incase of areas without grid power. One of the important features of this technology is that during power outage it can last for more than a week giving Standby power with it's power storage unit (batteries) and it's compact and scalable and easy to transport and less space consuming. This technology also makes energy affordable for everyone because its less expensive to use and it's easy to operate and works automatically when set.

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

The main problem am trying to solve with this technology is the energy problem facing many people and expensive ness of on grid power and also environmental problems caused by using fossil fuels generators. With this technology electricity is available and affordable for everyone. With this technology their is standby power to cover any blackout period. And also reduces over reliance on ongrid power as a main source of electricity

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. energy efficient and saving 2. environment safety 3. It's a money saving technology because it's reduce the cost of electricity 4. Its less expensive to obtain than other energy solutions 5. It's makes power affordable for everyone. 6. It increases production output if used in manufacturing purpose.

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

The target beneficiaries are the general public. Either for home use or industrial use or office use to make power available and affordable and to increase productivity of companies using the technology

01.05 When did you start working on your project?

2024-04-02

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

0

01.07 Among the other partners, how many are female?

0

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

I have no partners I run the project alone

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

01.10 Which industry best describes your project?

a) Energy (equipment, services, sustainable energy and fuel)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

My startup contributes to this goal by making electricity affordable and reliable for all by saving Alot of money for everyone using the technology.

02.02.01 My project contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification

My startup contributes to this goal a little bit less but as long as money is saved it can be used to purchase foods and other needs

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

My startup contributes to this goal most because it has zero emissions of carbon and it's constituents. This technology is completely green and save for humans

02.04.01 My project contributes to the Quality education goal

6

02.04.02 Quality education - Justification

This technology can be used to power up schools, laboratories, and research centers. For more condusive learning. And powering up of machines for practicals and research.

02.05.01 My project contributes to the Gender equality goal

2

02.05.02 Gender equality - Justification

02.06.01 My project contributes to the Clean water and sanitation goal

6

02.06.02 Clean water and sanitation - Justification

This technology can be used to power up water treatment plants to produce save and clean water for human uses

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

This is the main function of this technology to provide affordable and clean energy for all

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

This technology leads to economic growth and development because most industries require adequate and affordable power for productivity. And it makes work easier and decent for employees.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

This technology will bring innovations in various sectors most especially the energy secto to combat present problems limiting the growth of the sector

02.10.01 My project contributes to the Reduced inequalities goal

2

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

This technology will make cities and human settlements inclusive,safe, resilient and sustainable by providing standby power and also affordable power

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

My projects contributes to this goal by increasing productivity through adequate energy with less expenses

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

This technology is completely green so it's saves our planet from climate change

02.14.01 My project contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification

This technology conserve the oceans because it doesn't harm any marine life or destroy the water body

02.15.01 My project contributes to the Life on land goal

6

02.15.02 Life on land - Justification

This technology does not harm the forest or land because it is completely green so it's protect the land and the forest

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

2

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification

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.

7 - Strongly Agree

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

7 - Strongly Agree

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

4

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.

4

05.08 Justification

This is a whole new technology because their is no type of technology which reduces the cost of of electricity and still provide standby power Incases of power outage.

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

My main competitors are the companies in the renewable energy sector. But what makes me standout from them is because am bringing a new technology/innovation into the sector.

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

Yeah I often educate females on renewable energy and also business