Nigeria - Startup under 3 years old

Describe your project or startup in a few words

AfroArtX aims to create a unique digital platform that combines nostalgia, personal storytelling, and intergenerational connections to help individuals capture, share, and relive their precious memories and artworks.

01.01 Describe your startup in more detail

Background As people and artworks age, preserving and cherishing memories and the beauty becomes increasingly important. AfroArtX aims to create a unique digital platform that combines nostalgia, personal storytelling, and intergenerational connections to help individuals capture, share, and relive their precious memories and artworks. Idea Tagline Preserve the Past, Embrace the art, Share the Memories. Market Size The global digital photo frame market size and artworks deliverables was valued at USD 7.53 billion in 2020 and is projected to reach USD 11.60 billion by 2028, growing at a CAGR of 5.6% from 2021 to 2028.

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

Problem/Need Many individuals struggle to organize and preserve their memories and artworks, often scattered across different mediums and formats. There is a need for a platform that offers a seamless and interactive way to create, capture, store, and share memories, fostering a sense of connection and nostalgia. Product Type Digital product (Memory Preservation and Sharing Platform), Hard copy formats in terms of creative printings, Moldings, Carvings and 3D printed artworks. Business Model(s) AfroArtX operates on a freemium model, offering basic memory storage and sharing features for free, with advanced features, storage and state of the art printings,restorations, molding and carvings. Upgrades, and premium subscriptions available at a fee. It could also generate revenue through personalized photo products, partnerships with photo printing services, artists and targeted advertising.

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

Value Proposition AfroArtXprovides a user-friendly platform that allows individuals to capture, present and organize their memories and artworks, share them with loved ones, and revisit them in an interactive, creative and nostalgic manner. It fosters connection, preserves personal stories and interests, and enables the celebration of cherished memories and artworks. Solution AfroArtX is a multimedia-rich platform that enables users to upload and curate their memories in various formats, including photos, videos, audio recordings, and written narratives. The platform offers interactive features such as timelines, maps, and virtual tours to engage users in immersive storytelling experiences. It also facilitates social connections and collaboration among family members and art enthusiasts, allowing them to contribute and collaborate on shared memories and artworks

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

Target Audience Individuals of all ages who value their memories, artworks particularly older adults, artwork enthusiasts , photo processing companys, Visual artists/creatives and families seeking to preserve and share their family histories.

01.05 When was your company established?

2022-12-23

01.06 Are you already selling your product/service?

Yes

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.)

No other owner

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

https://salamiabiodun.com

01.11 Which industry best describes your project?

i) Communication services (telecommunications, media, interactive services)

02.01.01 My startup contributes to the No poverty goal

6

02.01.02 No poverty - Justification for my startup

Key Partnerships Partnerships with photographers, photo printing services, digital archiving companies, senior living communities, artists, sculptures, bead makers, Adire makers and genealogy platforms would be beneficial thereby reducing poverty through revenue generated from the projects.

02.02.01 My startup contributes to the Zero hunger goal

4

02.02.02 Zero hunger - Justification for my startup

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

4

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

02.04.01 My startup contributes to the Quality education goal

4

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

1 - Strongly Disagree

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

5

02.08.02 Decent work and economic growth - Justification for my startup

Key Partnerships Partnerships with photographers, photo printing services, digital archiving companies, senior living communities, artists, sculptures, bead makers, Adire makers and genealogy platforms would be beneficial thereby promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

02.09.01 My startup contributes to the Industry innovation and infrastructure

4

02.09.02 Industry innovation and infrastructure - Justification for my startup

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

4

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

4

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

4

02.15.02 Life on land - Justification for my startup

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

3

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification for my startup

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

4

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

3

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

3

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

4

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

5

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

4

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

3

06.08 Justification for my startup

06.09 Competitive Analysis

1. Google Photos (photos.google.com) - Offers cloud-based photo storage and sharing but may lack specialized features for nostalgia and intergenerational connections. 2. Ancestry (www.ancestry.com) - Provides a platform for genealogy research and family history but may focus more on historical records and genealogical trees. 3. StoryCorps (storycorps.org) - Offers a platform for recording and preserving personal stories but may not have as strong of a focus on multimedia-rich experiences.

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