Nigeria - Business creation project

Describe your project or startup in a few words

Traiq is an equity crowdfunding app that provides a platform for brilliant business ideas to be funded by average people interested in donating or investing and securing shares off promising startup ideas.

01.01 Describe your project in more detail

Traiq is an innovative equity crowdfunding app designed to democratize investment by connecting brilliant business ideas with average individuals interested in donating or investing. The platform allows users to browse curated startup profiles, each offering detailed business plans, market analysis, and financial projections. Traiq ensures secure transactions and supports flexible investment amounts, making it accessible to a broad audience. Entrepreneurs benefit from increased exposure, market validation, and a supportive community, while investors enjoy diversified opportunities and the potential for high returns. By fostering transparency, robust vetting, and community engagement, Traiq aims to drive economic growth and innovation, empowering everyday people to participate in the success of promising startups.

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

The main problem we aim to solve is the frequent dismissal of brilliant ideas due to financial barriers and misalignment with the interests of traditional investors like angel investors and venture capitalists. Many potentially transformative ideas are discarded simply because they don't fit within specific investment criteria, leaving them unexplored and unexecuted. Traiq seeks to eliminate this financial barrier, which is often the most daunting obstacle for entrepreneurs. By providing a platform for average people to invest in and fund these promising startups, we aim to uncover the next big success story—potentially discovering the next Airbnb, Tesla, Facebook, or Apple.

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. Democratized Investment: Traiq empowers average individuals to invest in promising startups, breaking down traditional financial barriers and opening up opportunities previously reserved for wealthy investors and venture capitalists. This democratization allows a more diverse group of investors to participate and benefit from high-potential ventures. 2. Enhanced Access to Capital for Startups: Entrepreneurs gain access to a vast pool of potential investors, increasing their chances of securing the necessary funding to bring their innovative ideas to life. This broad support base can help startups overcome financial hurdles and accelerate their growth. 3. Community Engagement and Support: Traiq fosters a strong sense of community between investors and entrepreneurs. Investors can interact directly with startup founders, providing feedback, mentorship, and support. This collaborative environment enhances the development and success of new ventures.

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

Traiq serves two main groups: 1. Entrepreneurs and Startups: We help innovative entrepreneurs who struggle to secure traditional funding by providing a platform to showcase their ideas to a broad audience, increasing their chances of obtaining necessary capital. 2. Everyday Investors: Our platform allows average individuals to invest in promising startups, enabling them to support innovation, diversify their portfolios, and potentially benefit from the success of the ventures they back. This democratizes the investment process, making it accessible to more people.

01.05 When did you start working on your project?

2024-01-02

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

3

01.07 Among the other partners, how many are female?

3

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

Blessing Essien - Full Stack Appl Development Specialist Imaobong Ukpong - Digital Marketing Specialist Betty Marcus - Accountant

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?

c) Industry (equipment, commercial, logistical and professional services, transport)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

Traiq contributes significantly to the goal of No Poverty by providing investment opportunities and financial education that empower individuals to build wealth and achieve economic stability. Through equity crowdfunding, Traiq enables access to capital for startups and small businesses, creating job opportunities, fostering entrepreneurship, and stimulating economic growth. Additionally, Traiq's focus on social impact investments supports initiatives that address poverty alleviation, income inequality, and social inclusion, contributing to a more equitable and prosperous society. By promoting economic empowerment and financial inclusion, Traiq plays a crucial role in advancing the UN's Sustainable Development Goal of No Poverty.

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

While Traiq doesn't directly address hunger, it indirectly contributes to Zero Hunger by supporting startups and businesses focused on agricultural innovation, food security, and sustainable farming practices. By funding ventures that develop solutions to improve agricultural productivity, reduce food waste, and promote access to nutritious food, Traiq helps create a more efficient and resilient food supply chain. Additionally, Traiq's investments in social impact initiatives support programs addressing hunger and malnutrition in communities, aligning with the UN's Sustainable Development Goal of Zero Hunger.

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

Traiq contributes to the goal of Good Health and Well-being by funding startups focused on healthcare innovation, wellness, and medical technology. By providing a platform for entrepreneurs with groundbreaking ideas in these areas, we help accelerate the development and accessibility of new health solutions. Startups on Traiq can bring to market advancements in telemedicine, mental health services, medical devices, and wellness programs, improving overall health outcomes. Additionally, Traiq supports ventures aimed at addressing public health challenges, promoting preventive care, and enhancing healthcare delivery systems. By democratizing investment in health-focused startups, Traiq ensures that innovative solutions receive the funding they need to make a tangible impact on individual and community health, leading to improved well-being and quality of life for all.

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

Traiq contributes significantly to Quality Education by providing educational resources, investment guidance, and support to investors and entrepreneurs. We offer learning materials on equity crowdfunding, sustainable investing practices, and financial literacy, empowering users with knowledge and tools for informed decision-making. Additionally, Traiq collaborates with educational institutions and industry experts to host workshops, webinars, and training sessions, enhancing financial education and entrepreneurship skills. By promoting lifelong learning opportunities and fostering a culture of continuous education, Traiq plays a vital role in advancing quality education and empowering individuals to achieve economic prosperity and success.

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

Traiq boasts two strong female co-founders and aims to support women-led startups and ventures addressing gender disparities. We empower women entrepreneurs by providing funding opportunities and a platform for their innovative ideas. Additionally, we intend to invest in startups promoting women's health, education, financial inclusion, and workplace equality, fostering a more inclusive society where women and girls have equal opportunities to thrive and contribute.

02.06.01 My project contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification

Traiq indirectly contributes to the goal of Clean Water and Sanitation by supporting startups focused on environmental sustainability and technologies that can positively impact water management and sanitation practices. While Traiq's primary focus is on funding innovative ventures in various sectors, many of these startups work towards eco-friendly solutions and resource conservation, which can have a positive ripple effect on water and sanitation issues. For example, startups developing water purification technologies, sustainable agriculture practices, or waste management solutions indirectly contribute to improving water quality and sanitation standards. Additionally, Traiq prioritizes investing in socially responsible ventures that align with sustainable development goals, including initiatives related to water conservation and sanitation improvements.

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

Traiq contributes significantly to the goal of Affordable and Clean Energy through its support for startups focusing on renewable energy, energy efficiency, and sustainable practices. By funding ventures that develop innovative renewable energy technologies such as solar, wind, hydro, and bioenergy, Traiq accelerates the transition to clean energy sources. These startups play a vital role in reducing greenhouse gas emissions, combating climate change, and promoting environmental sustainability. Additionally, Traiq supports initiatives that improve energy efficiency in various sectors, leading to reduced energy consumption and lower costs for consumers. By investing in clean energy solutions, Traiq contributes directly to achieving affordable and clean energy access for all, fostering a more sustainable and greener future.

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

Traiq contributes significantly to the goal of Decent Work and Economic Growth by fostering entrepreneurship, job creation, and economic empowerment. As a platform that funds innovative startups, Traiq provides opportunities for entrepreneurs to turn their ideas into viable businesses, creating new job opportunities and stimulating economic growth. By supporting startups across various sectors, Traiq fuels innovation, productivity, and competitiveness in the economy, leading to sustainable economic development. Additionally, Traiq's focus on inclusivity and diversity ensures that underrepresented groups, including women and minorities, have equal access to funding and entrepreneurial support, contributing to a more equitable and inclusive economy. Through its investments, Traiq plays a crucial role in promoting decent work, entrepreneurship, and economic prosperity for individuals and communities.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Traiq strongly contributes to the goal of Industry Innovation and Infrastructure by supporting startups that drive technological advancements, foster innovation, and improve infrastructure efficiency. Our platform funds ventures focused on developing cutting-edge technologies, digital solutions, and sustainable infrastructure projects. These startups play a crucial role in enhancing productivity, promoting innovation-driven growth, and modernizing infrastructure across various sectors. By investing in these innovative ventures, Traiq accelerates industry innovation, boosts competitiveness, and contributes to the development of resilient and sustainable infrastructure systems. Additionally, Traiq's support for startups in emerging industries such as renewable energy, smart cities, and digital infrastructure aligns with the United Nations' Sustainable Development Goals, driving progress towards a more innovative, connected, and sustainable future.

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

Traiq actively addresses inequalities by promoting diversity in entrepreneurship. We prioritize funding startups led by women, minorities, and individuals from marginalized communities. Our platform provides equal access to funding opportunities, mentorship, and resources, leveling the playing field for underrepresented groups. Additionally, Traiq supports ventures with social impact missions, targeting issues like poverty, education, healthcare, and environmental sustainability. By empowering diverse entrepreneurs and funding impactful ventures, we contribute to bridging economic and social inequalities, fostering inclusive growth, and creating a more equitable society.

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

Traiq strongly contributes to Sustainable Cities and Communities by supporting startups focused on smart city solutions, sustainable urban development, and environmental conservation. Our platform funds ventures that develop innovative technologies and initiatives to enhance urban infrastructure, promote resource efficiency, and address environmental challenges in cities. These startups play a critical role in creating livable, resilient, and sustainable communities by improving public services, reducing pollution, and promoting green practices. Additionally, Traiq's investments in mobility solutions, renewable energy projects, and community development initiatives align with the United Nations' Sustainable Development Goals, driving progress towards building sustainable cities and communities for present and future generations.

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

Traiq actively promotes Responsible Consumption and Production by funding startups committed to sustainability and ethical practices. These ventures develop eco-friendly products, adopt circular economy models, and implement sustainable production processes, reducing waste and minimizing environmental impact. By supporting socially responsible businesses that prioritize sustainability throughout their value chains, Traiq encourages responsible consumption patterns and drives positive change in production practices. This contributes to building a more sustainable and environmentally conscious economy, aligning with the United Nations' Sustainable Development Goals.

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

Traiq significantly contributes to Climate Action by funding startups focused on renewable energy, clean technologies, and carbon reduction initiatives. These ventures play a crucial role in reducing greenhouse gas emissions, transitioning to sustainable energy sources, and promoting climate resilience. Additionally, Traiq's investments align with Goal 13 of the United Nations' Sustainable Development Goals, driving progress towards a more sustainable and environmentally conscious future. By supporting climate-focused startups, Traiq actively contributes to global climate action efforts and fosters a greener economy.

02.14.01 My project contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification

Traiq contributes to the goal of Life Below Water by supporting startups focused on marine conservation, sustainable fisheries, and ocean protection initiatives. Our platform funds ventures that develop innovative solutions to address ocean pollution, promote sustainable fishing practices, and protect marine biodiversity. These startups play a crucial role in preserving marine ecosystems, reducing plastic waste in oceans, and promoting responsible stewardship of marine resources. Additionally, Traiq's investments in ocean-focused initiatives align with the United Nations' Sustainable Development Goal 14: Life Below Water. By supporting startups that work towards healthier oceans and sustainable maritime activities, Traiq actively contributes to the conservation and protection of marine life and habitats. Through these efforts, Traiq plays a part in safeguarding the delicate balance of life below water and fostering a more sustainable relationship between humanity and the oceans.

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

Traiq significantly contributes to the Life on Land goal by funding startups focused on sustainable land management, reforestation, biodiversity conservation, and combating desertification. These ventures play a crucial role in preserving natural habitats, restoring degraded lands, and promoting responsible land use practices. By supporting initiatives aligned with United Nations' Sustainable Development Goal 15, Traiq actively contributes to protecting biodiversity and fostering sustainable ecosystems on land.

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

While Traiq does not directly contribute to the Peace, Justice, and Strong Institutions goal, our platform indirectly supports societal stability and governance by fostering economic growth, innovation, and inclusive opportunities. By empowering entrepreneurs, creating jobs, and promoting sustainable practices, Traiq contributes to the overall socio-economic development that is essential for peaceful and just societies to thrive. Additionally, Traiq's focus on ethical and responsible investments aligns with principles of transparency, accountability, and good governance, which are foundational elements for strong institutions. Through these efforts, Traiq indirectly supports the Peace, Justice, and Strong Institutions goal by contributing to stable and prosperous communities.

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

Traiq strongly contributes to Partnerships for the Goal by fostering collaborations with startups, investors, regulatory bodies, and industry experts. Our platform actively seeks strategic partnerships to enhance value propositions, improve regulatory compliance, and build trust among stakeholders. These partnerships enable us to offer diverse investment opportunities, ensure transparency, and promote responsible investing practices. By working together with various entities, Traiq advances the UN's Sustainable Development Goals, fosters innovation, and creates a more sustainable and inclusive investment ecosystem for all.

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.

6

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

1 - Strongly Disagree

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

1 - Strongly Disagree

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.

1 - Strongly Disagree

05.08 Justification

Our project innovates through cutting-edge technology integration, disruptive market solutions, sustainability focus, user-centric design, strategic partnerships, data-driven insights, and scalable adaptability. This holistic approach sets us apart by revolutionizing industries, addressing market gaps creatively, and ensuring long-term relevance and impact.

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

Traiq distinguishes itself from competitors in equity crowdfunding through diverse investment opportunities, transparency, accessibility, innovative technology, social impact focus, strategic partnerships, and investor education. These factors collectively position Traiq as a trusted and inclusive platform that offers personalized investment experiences and promotes sustainable growth.

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

Yes. This project will help us achieve and promote female entrepreneurship through mentorship, networking events, workshops, funding opportunities, visibility campaigns, policy advocacy, and partnerships with supportive organizations and individuals.