Nigeria - Business creation project

Describe your project or startup in a few words

A social network for startup funding and prospecting. SproutInno focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth.

01.01 Describe your project in more detail

SproutInno is a social networking platform for supporting, sharing, promoting and encouraging innovative minds and ideas, It's an innovative community. A social network that specializes on Fundraising, enabling Startups, businesses and NGOs create public or private fundraising campaigns that are tailored to the requirements of private equity firms. SproutInno enables Venture Capitals firms see potentials early. startup or ngo visibility: for startups that are not in ideal locations that attract funding, We will make sure that location doesn't stop innovation. Wide range of funding options for VCs and private equity firms, we tailor pitch campaigns to them based on their preference, increasing their availability of startups to fund. The ultimate startup prospecting platform for VCs here is link our Deck https://pitch.com/v/sproutinno-77vrdg

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

Fundraising, business and startup prospecting, social connection and networking.

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

Industrial Development and Fostering Innovation

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

business owners, startup founders, Investors, VCs and private equity Companies,

01.05 When did you start working on your project?

2024-01-01

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

2

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.)

Uba Joseph Software Engineer Mitchel Eze Product Designer

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

https://sproutinno.com/

01.10 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My project contributes to the No poverty goal

4

02.01.02 No poverty - Justification

02.02.01 My project contributes to the Zero hunger goal

3

02.02.02 Zero hunger - Justification

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

4

02.03.02 Good health and well-being - Justification

02.04.01 My project contributes to the Quality education goal

4

02.04.02 Quality education - Justification

02.05.01 My project contributes to the Gender equality goal

5

02.05.02 Gender equality - Justification

SproutInno promotes startups with female founders, we believe in equality.

02.06.01 My project contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

4

02.08.02 Decent work and economic growth - Justification

SproutInno drives economic growth by helping business and NGOs get funding.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

SproutInno fosters innovation through funding innovative startups,

02.10.01 My project contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification

By attracting foreign and local investors to regions like west and east africa through SproutInno, We hope

02.11.01 My project contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification

02.12.01 My project contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

5

02.13.02 Climate action - Justification

By promotoing

02.14.01 My project contributes to the Life below water goal

4

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

4

02.15.02 Life on land - Justification

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

4

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

By promoting and providing funing opportunities for startups and NGOs that help tackle these 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.

1 - Strongly Disagree

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.

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.

2

05.08 Justification

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

As a social network, We Stand out of our apps like LinkedIn and twitter by offering Pitch campaigns, promoting business, and promoting grants opportunities.

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

Yes, In SproutInno we plan on promoting and celebrating female founders