Nigeria - Business creation project

Describe your project or startup in a few words

Traditional medicine is experience-based, a culture-bound medical practice that relies on natural products to diagnose, prevent illness, treat disease or maintain health, irrespective of their explicability.

01.01 Describe your project in more detail

Traditional medicine is being used more frequently all over the world. However most often these are choices made by the patient. Integrating traditional medicine into mainstream health care would require research to understand the efficacy, safety, and mechanism of action of traditional medicine systems. So this project aims to provide a broader knowledge on the use of traditional medicines and it's healing ability of specific ailments.

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

Traditional medicine refers to health practices, approaches, knowledge, and beliefs of incorporating plant and plant extracts, animal, and mineral based medicines, and manual techniques applied individually or in combination to treat, diagnose, and prevent illnesses or maintain wellbeing. These traditional medicine products will help to solve health issues, treat various health conditions and above all help maintain the overall well being of it's beneficiaries.

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

While it sits within the complementary medicine category, it is very much intrinsically tied to achieving optimal overall wellbeing, healing and holistic preventative action. The run on effect of these benefits can be life changing when used properly. Many are considered natural, they are perceived to be safe and healthy. They are easily accessible accessible and cost effective. They have far fewer side effects.

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

My project is aimed at serving people with specific heath conditions that can be cured with the products, it will also help develop some preventive measures to combat specific ailments. My project will give researchers heads-up to make more research on plant based healing products and their benefits. It will help the general public to maintain health and well being, and as well improve their standard of living.

01.05 When did you start working on your project?

2024-07-20

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

4

01.07 Among the other partners, how many are female?

4

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

Laboratory Technologist, Nurse, Research Microbiologist, Laboratory Technologist.

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?

f) Healthcare (healthcare equipment and services)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

As the saying goes, “health is wealth” only a healthy community can build wealth and be liberated from poverty. Hence, my project being focused on improving health absolutely support the no poverty goal of the United Nations.

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

In cases of an out break of diseases, a lot of people in the community suffer from hunger and starvation as it will disrupt normal living and the means of livelihood. So my project being channeled towards maintaining health and wellness will no doubt help to promote better living and as well eradicated hunger, there by supporting the zero hunger goal of the United Nations.

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

To ensure healthy living and promote well-being is the main goal of my project which is also synonymous with the goal of the United Nations of good health and well-being.

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

My project will also serve to education the general public on the importance and advantages of the alternative medicine, which will serve as an eye opener to other researchers and even educational institutions, providing quality education based on facts and indepth research work.

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

The fact that female form major part of my team is enough evidence that my project contribute to the gender equality goal.

02.06.01 My project contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

6

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

My project with help and encourage individuals in the community to go into decent work as this and other related beneficial works in order to promote economic growth and prosperity.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

My project will give industries the heads-up to innovate various plant based medicines that will be effective in combating different ailments that disturbs normal livelihood.

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

Due to the economic development and enlightenment provides by my project, reduced inequality among nations is possible as it help to promote and improve the economy of the community.

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

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

02.14.01 My project contributes to the Life below water goal

5

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

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

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

As i partner with my fellow team members to achieve a common outcome/goal, a Global partnership for the goal and for sustainable development is possible.

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

4

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.

6

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.

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.

3

05.08 Justification

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

My potential competitors are other traditional medicine researchers. I stand out because i will make do with advance technical process to get the desired result, i also have goal driven team members that are ready to give in their best.

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

Adding female entrepreneurs as part of my team one example. I also always encourage female in my community to build the entrepreneurship skills.