Nigeria - Startup under 3 years old

Describe your project or startup in a few words

The name "Better Nigerian Ventures" (BNV) is a fitting choice for an adhesive bond business with a mission to drive economic growth and development in Nigeria. It promotes improvement, enhancement and excellence indicating the business commitment to value

01.01 Describe your startup in more detail

The BVN project a white adhesive glue business that aims to strengthen bonds within the Nigerian economy by stimulating production. It fosters growth in the industry leading to increased export, international recognition, innovation and entrepreneurship implying a forward thinking and willingness to explore new opportunities. White adhesive glue is widely used in making furniture for homes, offices,schools and many more. It is majorly imported from other countries despite how easy it is to produce. This white glue being sold at high prices because of cost of shipping from other countries and dollar rate makes it hard to promote economic growth. This business project will go a long way if being produced in large quantities in Nigeria and made available to workers at a cheaper price. It will go a long way in promoting jobs, affordable prices and beneficial to the economy by exporting them to neighboring countries and other states without being affected dollar rate in terms of transportat

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

My business project aims at solving problems relating to the Nigerian economy. This business provides international recognition, provides job, reduces hunger and supports production in Nigeria as a large scale production will give opportunities to a lot of Nigerians in sales and worker who use this adhesive glue in making domestic and industrial furniture.

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

BVN white glue is cheaper and affordable unlike most glue which are imported from other countries. It is also safe and easy to use for purposes such as book binding, decorative laminating and hard board. It serves as a general multipurpose glue.

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

It is aimed at serving the domestic and industrial furniture market, book makers and printers for cloths and fabrics

01.05 When was your company established?

2022-02-12

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

3

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.)

1. - Name: Olufunmilayo Oyediran - Skills: Supply chain management, logistics, production planning - Experience: 8 years in operations management in the manufacturing industry 2. - Name: Ademola Adebiyi - Skills: Financial planning, budgeting, investment analysis - Experience: 10 years in finance, including 5 years as CFO in a similar industry 3. *Marketing Director:* - Name: Nneka Chikezie - Skills: Brand management, market research, digital marketing - Experience: 7 years in marketing, including 3 years in a

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?

b) Materials (agriculture, fishing, chemical products, construction materials, containers and packaging, metals and mining, paper and forest products)

02.01.01 My startup contributes to the No poverty goal

5

02.01.02 No poverty - Justification for my startup

My startup aims at reducing poverty by providing more people with job opportunities in terms of sales( wholesalers, retailer and consumer) provides opportunities in delivery of the goods from one place to another as a means to earn money and also gives people a reason to venture into furniture production as the price of glue which is a major material will no longer be discouraging

02.02.01 My startup contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification for my startup

BNV adhesive are used in food packaging, ensuring that food products are properly sealed and protected during transportation and storage. The adhesive can be used in agricultural settings, such as irrigation systems, green houses structures or equipment, help to reduce crop yield and efficiency

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

6

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

1. Medical Application The company's adhesives can be used in medical devices, such as wound care products, surgical instruments, and implantable devices. 2. Hygiene Products : The adhesives can be used in the manufacture of hygiene products, like diapers, sanitary napkins, and disposable gloves. 3. Food safety :By ensuring proper food packaging and processing, the adhesives can help prevent foodborne illnesses. 4. Clean water : The adhesives can be used in water treatment and filtration systems, helping to provide access to clean water. 5. Health infrastructure :The adhesives can be used in the construction and maintenance of healthcare facilities, such as hospitals and clinics.

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

BNV provides high quality adhesive for art, craft, and educational projects. It also develops innovative adhesive for STEM education, promoting hands-on learning. We also aim at supplying adhesive for school construction, renovation and maintenance. With the help of this program, we aim at collaborating with educational institutions to develop curricula and provide job training

02.05.01 My startup contributes to the Gender equality goal

5

02.05.02 Gender equality - Justification for my startup

BNV ensures equal hiring practices, providing opportunities for women and men to join the work force and grow within the company. We foster a culture that values diversity, promotes equal pay for equal work and provides safe and respectful work environment.

02.06.01 My startup contributes to the Clean water and sanitation goal

6

02.06.02 Clean water and sanitation - Justification for my startup

Adhesive are used in water treatment plants, helping to purify water and make it safe for consumption. They are also used in constructing and maintaining water infrastructure such as dams, reservoirs, water storage tanks, toilets, and sewage systems. My startup can also collaborate with organizations working towards clean water and sanitation supporting their efforts and expertise

02.07.01 My startup contributes to the Affordable and clean energy goal

6

02.07.02 Affordable and clean energy - Justification for my startup

My startup business develop adhesive used in renewable energy technologies such as solar panels, wind turbines and hydro electric power. They implement environmental friendly manufacturing processes, reducing energy consumption and waste

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

My startup adhesive can be used in the manufacturing of hygiene products such as napkins, disposable gloves, water treatment and filtration systems helping to provide access to clean water, construction and maintenance of health care facilities such as hospitals and clinics. My startup can also support community health initiatives such as health education program, disease prevention effort and access to health services

02.09.01 My startup contributes to the Industry innovation and infrastructure

6

02.09.02 Industry innovation and infrastructure - Justification for my startup

My startup business contributes to the industry innovation and infrastructure by investing in research and development to dev new and improved adhesives, during innovation in various industries. We can also move forward by creating specialized adhesives for specialized industries such as construction, automobile, electronics and also provide adhesive used in infrastructure projects such as roads, bridge, and buildings.

02.10.01 My startup contributes to the Reduced inequalities goal

5

02.10.02 Reduced inequalities - Justification for my startup

My setup ensures diverse and innovative hiring practices providing opportunities to people from all background. We also implement equal pay for equal work, regardless of gender, race or background. The aim is to make adhesive accessible and affordable for people with disabilities and low income communities

02.11.01 My startup contributes to the Sustainable cities and communities goal

5

02.11.02 Sustainable cities and communities - Justification for my startup

Adhesive can be used in sustainable adhesive practices, such as energy efficient construction. We can also engage with local communities to understand their needs and development solutions that promote sustainable development. We also provide adhesive used in creating public spaces and urban furniture such as, parks and beaches

02.12.01 My startup contributes to the Responsible consumption and production goal

5

02.12.02 Responsible consumption and production - Justification for my startup

My adhesive are used in sustainable materials reducing environmental waste

02.13.01 My startup contributes to the Climate action goal

5

02.13.02 Climate action - Justification for my startup

BVN adhesive are made with low carbon footprint, using renewable materials and energy. They are also used in climate-resilient infrastructure, such as sea walls and flood production

02.14.01 My startup contributes to the Life below water goal

6

02.14.02 Life below water - Justification for my startup

BVN adhesive are non polluting. They are used in sustainable fishing gears, reducing bycatch and promoting eco friendly fishing practices and also provide adhesive for underwater construction and restoration projects.

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

Our adhesive are biodegradable, and non polluting and are safe for use in terrestrial ecosystems. We also source and manage materials avoiding harm to terrestrial ecosystems

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

5

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

At BVN adhesive, We operate with transparency, accountability , and fair business practices promoting ethical standards in the industry. We also implement responsible supply chain management practices avoiding complicity in human rights violations or illegal activities

02.17.01 My startup contributes to the Partnerships for the goal

5

02.17.02 Partnerships for the goal - Justification for my startup

We aim at forming partnerships with other businesses, organizations, and stakeholders through the help of this platform to achieve shared goals and objectives. We also aim at providing training and capacity building for employees, customers, and suppliers for responsible business practices

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.

5

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.

7 - Strongly Agree

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.

7 - Strongly Agree

06.08 Justification for my startup

My startup aims at improving economic growth, providing job, reducing hunger and

06.09 Competitive Analysis

BNV adhesive makes use of recipes or formulas that offer superior performance, durability, or sustainability. We also take pride in developing environmental friendly adhesives with reduced VOCs, recyclable materials and biodegradable options

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