Malawi - Startup under 3 years old

Describe your project or startup in a few words

24/7 365 DAYS POWER PROJECT is the project that aims at building electric power infrastructure that will produce power that will be sufficient to power all economic activities of the nation and other nations that may strike a deal to have access all days.

01.01 Describe your startup in more detail

24/7 365 DAYS POWER PROJECT it is the project that is both innovative and sustainable to the development of the nation in which it would be feasible to be implemented. This project aims at producing sufficient and sustainable electric power that would be useful to the development of the developing and even the developed nations in powering all their economic activities and even those that seems impossible to be carried out mostly in developing nations due insufficient power that these nations have. 24/7 365 days power project it would also be a revolutionary step towards economic improvement in the developing nations as the much awaited power would be available to the companies and individual business that fell to reach the upper heights due to power limitation in powering their activities. 24/7 365 days power project is the power project that intends to produce hydro-electric power from infrastructure constructed on top of the mountain that have flat surface top and nearby rivers

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

In Malawi and most African countries we have electric power problem that leaves most economic adventures impossible as the nation does not have sufficient and reliable electric power that can sustain all activities an entrepreneur might wish to undertake as the nation has many unexplored economic opportunities ranging from mining activities to manufacturing activities that the nation need to get out of its economic difficulties. 24/7 365 days project would be a solution to most of the problems Malawi as a country faces and it would take Malawi in another direction that would be of positive impact to the improved living standards that Malawi as a nation desires.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

The project would mean possibilities of adventuring in new economic activities that requires high energy consumption. The project would produce power all days since it would be free from technical damage due to debris and rocks that comes with rainy water as most hydro-electric power plants that are constructed on the river stream are affected. The project would offer a very steep slope that would offer the much needed water fall for powerful energy generation. The project would provide employment opportunities to many people in the community. The project is feasible to be carried out since we have already established water supply company that may be contracted to build the dam and to set the pipes ready to pump water up the hill to be used in the project from the nearby rivers.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

All entrepreneurs that would to be interested in set up companies that would require huge energy consumption; these companies would range from mining to manufacturing.

01.05 When was your company established?

2027-01-01

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

0

01.08 Among the other owners, how many are female?

0

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

not yet established

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

01.11 Which industry best describes your project?

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

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

The project gives employment opportunities to many Malawians through direct involvement in the company that maybe set up and also indirectly through new companies that may arise from dependency of the project's power.

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

So many companies would arise that would be producing products that would be of beneficial to the communities of Malawi in either production of other products or consumption of the products hence the country would be food sufficient; in this case the companies arising due to the project would offer so many products on the market that would some even be exported for forex hence living standards of local communities would improve.

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

7 - Strongly Agree

02.03.02 Good health and well-being - Justification for my startup

The project would provide power to our hospitals across Malawi that would be useful for effective and efficient running of the machines that depend on power in these hospitals.

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

The project would provide power to all education institutions at all times hence it would mean no disrupted operations in these institutions hence quality education.

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

The project would employ employees regardless of their gender as long as they have qualification

02.06.01 My startup contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification for my startup

Hydro-electric power energy uses water from the rivers and returns back the water to the river stream hence it is absolutely free from making water unclean since it does not do anything to the water like those that would make water unclean.

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

The energy needy to start up the project is affordable as it would only need the startup energy to pump water up the hill and the whole project would produce clean energy.

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

More qualified professionals would be employed

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

The project is already an innovation in its sense and it would solve the current problems that are faced by current hydro-electric power plants.

02.10.01 My startup contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

The project does not affect the city in anyway or would be in the future

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

It is free from emissions into the air

02.14.01 My startup contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification for my startup

It does not affect the life below water since water would be pumped in small quantities and it would be returned back to the river

02.15.01 My startup contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification for my startup

minimal effect to plants on land but not very serious as still more the area that maybe cleared would not be such huge land.

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

7 - Strongly Agree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

It does not violet to any peace agreements of the community

02.17.01 My startup contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification for my startup

It uses naturally provided materials like water and it does not deplete any natural resources

06.01 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

06.02 The product/service represents an entirely new type of product/service.

4

06.03 The product/service could be described as a new technology.

7 - Strongly Agree

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

3

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

7 - Strongly Agree

06.08 Justification for my startup

24/7 365 days power project is unique since it is the project that envisions reliable and sufficient power as the project would be free from mechanical damage due to damage to machines that produce electricity during rainy seasons; most hydro-electric power plants we have currently in Malawi are affected by rocks and debris that is curried together with rain water as the water is running down the stream, so as an improvement or a solution to that problem project 24/7 365 days would be the answer.

06.09 Competitive Analysis

i think the project would be better taken in complementarily manner rather than competition; if it would be implemented the project would be better to work hand in hand with ESCOM

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

not yet currently