Zimbabwe - Business creation project

Describe your project or startup in a few words

Is an innovative startup dedicated to providing cutting-edge real-time fraud detection and cybersecurity solutions. Powered by state-of-the-art algorithms, Ai, and advanced analytics, our platform scans transactions for anomalies and irregularities

01.01 Describe your project in more detail

Is an innovative startup dedicated to providing cutting-edge real-time fraud detection and cybersecurity solutions. Powered by state-of-the-art algorithms, Ai, and advanced analytics, our platform scans digital transactions for anomalies and irregularities, ensuring unparalleled protection for financial institutions, eCommerce platforms, and any service involving online money transfers. Our features include real-time monitoring, fraud alerts, risk assessment, compliance, and insightful reporting. With our unique location mapping feature, transactions are geographically pinpointed in real-time, bringing financial data to life. Dive into statistical charts to visualize trends and anomalies, empowering your decisions with clear, insightful analytics. Our lightning-fast dashboard updates keep you informed with instant insights, guiding your decisions with precision and agility. It offers a robust DDoS threat mapping system to safeguard companies and government agencies from cyber attacks.

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

It addresses critical problem of online fraud and cybersecurity threats, data theft which pose significant risks to financial institutions, eCommerce platforms, and services involving online money transfers and government agencies. This reduces financial losses, minimizes false positives, and accelerates the resolution of fraud cases. Additionally, our robust DDoS threat mapping system safeguards companies and government agencies from cyber attacks, ensuring data integrity and operational continuity. By providing real-time monitoring, fraud alerts, risk assessment, compliance, and detailed reporting, we empower businesses to make informed decisions with instant insights. Our solutions not only enhance security but also improve customer retention, attract new clients, and generate revenue through transactional charges and third-party API licensing. GeoTech World ensures a safer digital environment, mitigating risks and protecting reputations.

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

Reduced financial losses, proactive risk management, faster resolution of fraudulent cases, minimized false positives, and enhanced reputation. Boost customer retention, attract new clients, and generate revenue through transactional charges and third-party API licensing.

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

1. Financial Institutions: Banks, credit unions, and payment processors seeking robust fraud detection and cybersecurity solutions to protect their transactions and customer data. 2. eCommerce Platforms: Online retailers and marketplaces needing real-time monitoring and fraud prevention to ensure secure transactions. 3. Government Agencies: Departments and institutions that require secure financial transactions and data protection from cyber threats. 4. Healthcare Organizations: Hospitals and clinics that need to safeguard patient data and secure online payments. 5. Technology Companies: Firms looking to integrate advanced fraud detection and cybersecurity features through our APIs. 6. Money Remittances: Mukuru, Innbucks, Ecocash amongst others Demographically, we target decision-makers such as IT directors, compliance officers, and security professionals within these organizations.

01.05 When did you start working on your project?

2024-03-01

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

1

01.07 Among the other partners, how many are female?

1

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

George Mutakura is a student at National University of Science and Technology, Zimbabwe studying BSc Hons in Computer Science part 2.2. Excited to contribute to the future of technology. Constantly seeking out new opportunities to grow and learn. Ready to make an impact in the tech industry. Other Qualifications include: Introduction to Cybersecurity( CISCO certified ) Introduction to Data Science ( CISCO certified ) Endpoint Security ( CISCO certified ) Introduction to IoT ( CISCO certified ) Business Management (Short Course) Oxford Home Study Centre Makanaka Mabobe is a student at National University of Science and Technology, Zimbabwe studying BSc Hons in Computer Science part 2.2. Excited to contribute to the future of technology

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

http://geotechworldzw.vercel.app/

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

4

02.01.02 No poverty - Justification

GeoTech World contributes to the goal of eradicating poverty by providing essential cybersecurity solutions to financial institutions, eCommerce platforms, and government agencies in Zimbabwe. By safeguarding digital transactions and protecting sensitive financial data, we help prevent fraud and cyber threats that can disproportionately affect vulnerable individuals and small businesses. Our platform enables secure online transactions, fostering economic stability and empowerment. Additionally, by offering cost-effective solutions, we make advanced cybersecurity accessible to organizations of all sizes, leveling the playing field and promoting financial inclusion. Ultimately, by mitigating risks and enhancing trust in digital transactions, GeoTech World plays a vital role in creating a more secure and resilient economy, contributing to poverty reduction efforts in Zimbabwe.

02.02.01 My project contributes to the Zero hunger goal

1 - Strongly Disagree

02.02.02 Zero hunger - Justification

n/a

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

GeoTech World contributes to the goal of good health and well-being by ensuring the security and integrity of healthcare data in Zimbabwe. Our cybersecurity solutions protect patient information from cyber threats, ensuring confidentiality and privacy. By safeguarding healthcare systems against data breaches and unauthorized access, we help maintain trust in the healthcare sector and promote patient well-being. Additionally, our platform enables healthcare organizations to focus on delivering quality care without disruptions caused by cyber attacks, ultimately contributing to improved health outcomes and well-being for individuals in Zimbabwe.

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

GeoTech World contributes to quality education by providing training and certification programs in cybersecurity. Through these programs, we equip individuals with the knowledge and skills needed to combat cyber threats effectively. By offering educational resources and hands-on training, we empower students, professionals, and organizations to enhance their cybersecurity capabilities, fostering a culture of continuous learning and innovation. By raising awareness and building capacity in cybersecurity, we support the development of a skilled workforce and contribute to the advancement of education in Zimbabwe.

02.05.01 My project contributes to the Gender equality goal

5

02.05.02 Gender equality - Justification

GeoTech World contributes to gender equality by promoting diversity and inclusivity within the cybersecurity sector. We actively strive to create a work environment that welcomes individuals of all genders, backgrounds, and identities. By fostering a culture of equality and respect, we provide equal opportunities for women to thrive and succeed in the field of cybersecurity. Additionally, we support initiatives that empower women in STEM fields and actively seek to recruit and mentor female talent. Through these efforts, GeoTech World aims to break down barriers and contribute to a more equitable and inclusive society.

02.06.01 My project contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification

N/a

02.07.01 My project contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification

GeoTech World contributes to affordable and clean energy by operating with a focus on sustainability and energy efficiency. Our company emphasizes digital operations and cloud-based solutions, reducing the need for physical infrastructure and minimizing energy consumption. Additionally, we prioritize renewable energy sources for our data centers and offices, striving to minimize our carbon footprint. By embracing green practices and leveraging technology to optimize energy usage, GeoTech World demonstrates a commitment to environmental responsibility and contributes to the global effort to transition towards affordable and clean energy solutions.

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

GeoTech World contributes to decent work and economic growth by creating employment opportunities in the technology sector. We hire skilled professionals and provide them with competitive salaries, benefits, and opportunities for growth and development. Additionally, by offering cost-effective cybersecurity solutions, we enable businesses to operate more efficiently and securely, fostering economic growth and stability in Zimbabwe.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

GeoTech World drives industry innovation and infrastructure development by continually advancing our cybersecurity technology. We invest in research and development to enhance our algorithms, AI, and analytics, driving technological innovation in the cybersecurity sector. By providing state-of-the-art solutions, we support the development of a robust digital infrastructure and contribute to the advancement of the technology industry in Zimbabwe.

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

GeoTech World promotes reduced inequalities by providing equal access to cybersecurity solutions for businesses of all sizes. Our cost-effective pricing models ensure that even small and medium-sized enterprises can afford advanced fraud detection and cybersecurity services, leveling the playing field and reducing disparities in security capabilities. Additionally, we support diversity and inclusivity within our workforce, creating opportunities for individuals from diverse backgrounds to contribute and succeed in the technology sector.

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

GeoTech World contributes to sustainable cities and communities by promoting digital resilience and security. Our cybersecurity solutions protect critical infrastructure, financial systems, and online services, ensuring the stability and resilience of cities and communities in the face of cyber threats. By safeguarding digital assets and enabling secure online transactions, we support the growth and sustainability of Zimbabwe's digital economy, contributing to the overall resilience and well-being of communities.

02.12.01 My project contributes to the Responsible consumption and production goal

1 - Strongly Disagree

02.12.02 Responsible consumption and production - Justification

N/a

02.13.01 My project contributes to the Climate action goal

1 - Strongly Disagree

02.13.02 Climate action - Justification

N/a

02.14.01 My project contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification

N/a

02.15.01 My project contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification

N/a

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

6

02.16.02 Peace justice and strong institutions - Justification

GeoTech World contributes to peace, justice, and strong institutions by enhancing cybersecurity measures for government agencies and financial institutions. Our real-time fraud detection and cybersecurity solutions help prevent cyberattacks, ensuring the integrity of digital transactions and sensitive data. By promoting transparency, accountability, and trust in online interactions, we bolster the foundations of strong institutions and support the rule of law. Additionally, our platform aids in the detection and prevention of financial crimes, contributing to the maintenance of peace and stability in Zimbabwe.

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

GeoTech World strongly believes in partnerships for achieving our goals. We collaborate with industry leaders, government agencies, and NGOs to enhance cybersecurity awareness, share best practices, and develop innovative solutions. By fostering strategic partnerships, we leverage collective expertise and resources to address complex cybersecurity challenges effectively. Through collaborative efforts, we promote information sharing, capacity building, and mutual support, ultimately advancing the goal of creating a safer and more secure digital environment for all stakeholders.

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

5

05.02 The product/service we envision creating represents an entirely new type of product/service.

4

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.

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.

4

05.07 The product/service we envision creating is a new version of an old product/service.

7 - Strongly Agree

05.08 Justification

Banks and financial services used to use a rule based sysatems in fraud detection

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

Baker Tilly Africa , Vaya technologies, Cisco

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

Yes , Currently am hosting free seminars as well as free online lessons with students in Zimbabwe who wish to pursue Computer science for the benefit of the country and world at large.