Nigeria - Business creation project

Describe your project or startup in a few words

A Web-based operational, inventory and HR management system for businesses, with a focus on engineering companies in this pilot build.

01.01 Describe your project in more detail

Project BEAM is a web-based application designed to streamline operational management and HR processes for businesses, with a focus on engineering companies in the pilot build. The application offers a comprehensive suite of features, including: - Project management: Assign tasks, track progress, and collaborate seamlessly - Inventory management: Real-time tracking, automated reordering, and optimized stock levels - Equipment maintenance: Scheduled maintenance, real-time tracking, and certification management - HR management: Employee data, leave management, performance reviews, and training trackiProject BEAM aims to provide a user-friendly, intuitive platform that enhances productivity, reduces costs, and increases efficiency for engineering companies, with plans to expand to other industries in the future.

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

The main problem Project BEAM aims to solve is the lack of a comprehensive, integrated platform for engineering companies to manage their operations and HR processes efficiently, resulting in manual errors, wasted resources, reduced productivity, and poor decision-making due to fragmented data and limited visibility.

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

Project BEAM offers the following major benefits: - Enhanced Operational Efficiency: Streamlined processes and automated tasks reduce manual errors and increase productivity. - Improved Decision-Making: Centralized data and real-time insights enable informed decisions and strategic planning. - Cost Savings: Optimized resource allocation, reduced waste, and extended equipment lifespan result in significant cost reductions.

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

Project BEAM is designed to serve small to medium-sized engineering companies, aiming to support: - Operations Managers: Streamlining processes and enhancing efficiency - HR Managers: Simplifying employee management and training - Project Managers: Improving project tracking and team collaboration - Business Owners: Providing real-time insights for informed decision-making - Employees: Enhancing productivity and reducing manual errors By serving these beneficiaries, BEAM aims to improve overall business performance and success.

01.05 When did you start working on your project?

2024-04-22

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.)

Oluwadamilola Adefihan, product designer with experience working across First Bank of Nigeria, Flutterwave, and Total Energies. Iyanu Omotosho, Backend Engineer and problem-solver with a passion for efficient solutions. Chisom Golden Otuonyeadike, Electrical Engineer and project manager with expertise in optimizing power systems. Abasiama Sunday Ekom, semi-senior audit associate at Deloitte Nigeria with a proven track record in audit processes and finance management. Helen Anowi, cybersecurity expert at FirstBank Nigeria, ensures the security and integrity of our web-based resource management solution, safeguarding our system with her expertise.

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?

h) IT (digital services, equipment and software)

02.01.01 My project contributes to the No poverty goal

5

02.01.02 No poverty - Justification

BEAM enhances economic productivity and efficiency, contributing to poverty reduction.

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

3

02.03.02 Good health and well-being - Justification

02.04.01 My project contributes to the Quality education goal

6

02.04.02 Quality education - Justification

BEAM's training features support lifelong learning, and its efficiency gains enable resource reallocation to education.

02.05.01 My project contributes to the Gender equality goal

6

02.05.02 Gender equality - Justification

BEAM promotes gender equality by enhancing women's participation in the workforce and providing equal opportunities for career advancement.

02.06.01 My project contributes to the Clean water and sanitation goal

3

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

3

02.07.02 Affordable and clean energy - Justification

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

BEAM promotes sustained economic growth, productive employment, and decent work by enhancing operational efficiency and reducing costs.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

BEAM fosters innovation, industrialization, and infrastructure development by providing a cutting-edge operational management platform.

02.10.01 My project contributes to the Reduced inequalities goal

6

02.10.02 Reduced inequalities - Justification

BEAM reduces inequalities by promoting inclusive economic growth, enhancing productivity, and providing equal opportunities for career advancement.

02.11.01 My project contributes to the Sustainable cities and communities goal

5

02.11.02 Sustainable cities and communities - Justification

BEAM contributes to sustainable cities and communities by enhancing operational efficiency and reducing waste.

02.12.01 My project contributes to the Responsible consumption and production goal

5

02.12.02 Responsible consumption and production - Justification

BEAM promotes responsible consumption and production patterns through its efficient resource allocation and waste reduction features.

02.13.01 My project contributes to the Climate action goal

3

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

3

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

3

02.15.02 Life on land - Justification

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

6

02.16.02 Peace justice and strong institutions - Justification

BEAM promotes peaceful and inclusive societies by enhancing economic productivity, reducing inequality, and providing equal opportunities for career advancement.

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

BEAM strengthens global partnerships by providing a collaborative platform for businesses, governments, and organizations to achieve sustainable development 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.

3

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

5

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.

5

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.

6

05.08 Justification

BEAM contributes to the region's financial development (04.01) by enhancing economic productivity and efficiency. It protects jobs (04.02) by streamlining operations and reducing costs, making businesses more sustainable. BEAM creates jobs (04.03) by enabling businesses to expand and hire more employees. While BEAM may not directly source local products and raw materials (04.04), it promotes sustainable practices that support local economies. BEAM respects regional values, customs, and culture (04.05) by fostering inclusive economic growth and providing equal opportunities for career advancement. Open communication with the local community (04.06) ensures that BEAM's impact is transparent and beneficial to the region.

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

Our main potential competitors are: 1. SAP 2. Oracle 3. Microsoft Dynamics 4. Infor 5. IFS BEAM stands out from these competitors in several ways: 1. Industry-specific solutions: BEAM offers tailored solutions for engineering and construction companies, whereas competitors offer generic ERP systems. 2. Cloud-based: BEAM is a cloud-native platform, providing greater scalability and flexibility than on-premise solutions. 3. Integrated modules: BEAM offers a comprehensive suite of modules, including project management, HR, and inventory management, unlike competitors that require multiple software integrations. 4. User-friendly interface: BEAM's intuitive interface ensures easy adoption and usage, reducing training time and costs. 5. Affordable pricing: BEAM offers a competitive pricing model, providing a cost-effective solution for businesses. BEAM's specialized approach, combined with its cutting-edge technology and user-centric design, sets it apart from established competitors.

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