Nigeria - Business creation project

Décrivez votre projet en quelques mots

KolaboRATE is a collaborative bookkeeping and project management app designed for creatives to track financial transactions and manage individual and joint projects seamlessly.

01.01 Décrivez votre projet en détail

Nonzo, a singer with a magical voice lives in Lagos. Despite his talent, he faces a familiar plight shared by many artists in his community: poor financial documentation & the unending need for collaboration. He often ponders the need for creatives to support each other & keep track of their projects & finances without being overwhelmed. So an idea sprouted, a digital haven for the creatives of Lagos, “KolaboRATE”. KolaboRATE was envisioned as more than just an app; but also a sanctuary for creatives to merge practicality, passion & bookkeeping. The app would allow users to create detailed profiles showcasing their skills, portfolios & rates. So a creative can log into kolaboRATE, find a willing collaborator(s), agree on their rate (full or discounted) & as the project progresses, the app would meticulously document every transaction; paid or pending. Over time, this digital ledger will reflect the true value of each participant’s contributions, showcasing their worth & building trust.

01.02 Quel est le problème principal que vous essayez de résoudre ?

KolaboRATE addresses the lack of financial literacy and organisational tools among creatives in Nigeria, helping them document their growth and manage their individual and collaborative financial transactions and projects effectively.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service que vous souhaitez fournir par votre projet (au moins 3).

1. Enhanced Financial Transparency: - Users can accurately document every financial transaction, whether paid or owed, providing a clear and comprehensive financial overview. 2. Facilitated Collaboration: - The app enables creatives to find and collaborate with others, managing joint projects and sharing resources efficiently, thus building trust and overcoming the challenge of limited individual resources. 3. Professional Growth and Financial Literacy: - By using the app, creatives can build a professional portfolio with detailed financial records, enhancing their credibility with potential investors and improving their business skills.

01.04 Veuillez décrire précisément à qui s'adressera le produit/service de votre projet. Quels sont les bénéficiaires visés ?

Targeted Beneficiaries: - Independent and Group of Creatives such as musicians, writers, designers, and artists who need to professionalize their creative efforts, build trust, manage their finances and collaborate on projects in order to attract corporate and private investment.

01.05 Quand avez-vous commencé à travailler sur votre projet ?

12/04/2024

01.06 Combien y a-t-il de propriétaires sur votre projet en plus de vous ?

None yet

01.07 Parmi les autres propriétaires, combien sont des femmes ?

I hope all the other partners are female

01.08 Veuillez décrire le profil des autres propriétaires de votre projet (compétences, expérience, etc.).

Like I said, this is still a project IDEA.

01.09 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

01.10 Quel est le secteur d'activité qui décrit le mieux votre projet ?

g) Services financiers

02.01.01 Mon projet contribue à l'objectif 'Pas de pauvreté'

7 - Tout à fait d'accord

02.01.02 Justification de la contribution de mon projet

The creative industry is growing and more creatives need to gain business knowledge to meet with international and local, private and corporate interest. The more trust is built in the Nigerian context, the more investment can be secured. This will have a domino effect on the entire ecosystem, bring more creatives and their families out of poverty. If this works in the creative space, it can be adopted by other industries too.

02.02.01 Mon projet contribue à l'objectif 'Faim Zéro'

4

02.02.02 Justification de la contribution de mon projet

02.03.01 Mon projet contribue à l'objectif 'Bonne Santé et Bien Être'

5

02.03.02 Justification de la contribution de mon projet

Where trust exists, people can sleep well and not have high blood pressure because they constantly suspect someone is trying to cheat them. It will be better for everyone.

02.04.01 Mon projet contribue à l'objectif 'Éducaiton de Qualité'

7 - Tout à fait d'accord

02.04.02 Justification de la contribution de mon projet

As creatives in Nigeria, we are not taught basic business, bookkeeping or collaborative ethics so this is still a new concept. This will be a solid education that benefits generations yet unborn.

02.05.01 Mon projet contribue à l'objectif 'Égalité entre les Sexes'

7 - Tout à fait d'accord

02.05.02 Justification de la contribution de mon projet

This will benefit everyone. And as an only male child of my parents, and 7 sisters to boot, I intend to lead by example, by collaborating with more females. I already do in my everyday life.

02.06.01 Mon projet contribue à l'objectif 'Eau Propre et Assainissement'

3

02.06.02 Justification de la contribution de mon projet

02.07.01 Mon projet contribue à l'objectif 'Énergie Propre et Abordable'

3

02.07.02 Justification de la contribution de mon projet

02.08.01 Mon projet contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - Tout à fait d'accord

02.08.02 Justification de la contribution de mon projet

More creatives will be willing to grow their numbers, even in debt…which is how economies grow. The culture of collaboration and transparency will foster economic growth because investors can easily see the numbers and make informed investments into the creative space without any vagueness or uncertainty. This is a win for all.

02.09.01 Mon projet contribue à l'objectif 'Industrie, Innovaiton et Infrastructure'

7 - Tout à fait d'accord

02.09.02 Justification de la contribution de mon projet

KolaboRATE aims to build resilient infrastructure by providing a digital platform for managing creative projects and finances. It will promote inclusive, sustainable industrialization by empowering independent creatives with necessary tools. It will foster innovation through a collaborative ecosystem, pooling diverse talents to drive creativity and innovation.

02.10.01 Mon projet contribue à l'objectif 'Réduction des Inégalités'

5

02.10.02 Justification de la contribution de mon projet

KolaboRATE will reduce inequality by providing accessible financial management tools to underserved creatives worldwide, enabling them to professionalize their work and access global markets. It will inculcate collaboration and resource sharing, ensuring equitable opportunities for all, regardless of geographic or economic background.

02.11.01 Mon projet contribue à l'objectif 'Villes et Communautés Durables'

4

02.11.02 Justification de la contribution de mon projet

02.12.01 Mon projet contribue à l'objectif 'Consommation et Production Responsable'

6

02.12.02 Justification de la contribution de mon projet

I believe KolaboRATE will ensure sustainable consumption and production patterns by facilitating a circular economy among creatives, promoting resource sharing and collaboration, reducing waste and maximizing the use of existing assets. By documenting transactions and project contributions, it encourages accountability and sustainable practices within the creative community.

02.13.01 Mon projet contribue à l'objectif 'Luttle contre les Changements Climatiques'

5

02.13.02 Justification de la contribution de mon projet

KolaboRATE will contribute to the climate action goal by promoting digital collaboration, reducing the need for physical meetings and travel. Hence, maximising resource sharing & efficiency, & minimizing waste within the creative industry. By encouraging sustainable practices and digital solutions, it will help lower the carbon footprint of creative projects.

02.14.01 Mon projet contribue à l'objectif 'Vie Sous-Marine'

2

02.14.02 Justification de la contribution de mon projet

02.15.01 Mon projetp contribue à l'objectif 'Vie Terrestre'

3

02.15.02 Justification de la contribution de mon projet

02.16.01 Mon projet contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

5

02.16.02 Justification de la contribution de mon projet

KolaboRATE will foster peaceful collaboration among creatives, promoting justice and accountability. By facilitating fair negotiations and transparent transactions, it builds trust and resolves disputes, contributing to inclusive institutions and sustainable development in the creative community through transparency, fairness, and accountability.

02.17.01 Mon projet contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

4

02.17.02 Justification de la contribution de mon projet

05.01 Il existe un grand nombre de clients qui utilisent déjà un produit/service très similaire à celui que nous envisageons de créer.

5

05.02 Le produit/service que nous voulons créer représente un type de produit/service entièrement nouveau

5

05.03 Le produit/service que nous voulons créer pourrait être décrit comme une nouvelle technologie

2

05.04 Le produit/service que nous voulons créer est une amélioration d'un produit ou d'un service existant

7 - Tout à fait d'accord

05.05 Le produit/service que nous voulons créer pourrait être décrit comme une extension d'une gamme de produits ou de services

5

05.06 Le produit/service que nous voulons créer répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

7 - Tout à fait d'accord

05.07 Le produit/service que nous voulons créer est une nouvelle version d'un ancien produit/service

4

05.08 Justification de mon projet

Currently, there are various bookkeeping and accounting tools available for freelancers and small business owners, including creatives. However, none of them exactly match the collaborative, project-based, and creative-industry-specific focus you described for kolaboRATE. Additionally, there are specialized services like PUSH Bookkeeping that cater specifically to creatives, offering customized financial solutions and helping with financial management, but they don’t focus on collaboration or project-based tracking among multiple creatives

05.09 Qui sont vos principaux potentiels concurrents et qu'est-ce qui vous différencie d'eux ?

Some notable tools in the market include QuickBooks, Wave, and FreshBooks, which offer comprehensive accounting services like invoicing, expense tracking, and financial reporting tailored to freelancers and small businesses. For instance, Wave is a free tool that integrates with various platforms, while FreshBooks is known for its intuitive interface and extensive features designed for small businesses . Additionally, there are specialized services like PUSH Bookkeeping that cater specifically to creatives, offering customized financial solutions and helping with financial management, but they don’t focus on collaboration or project-based tracking among multiple creatives.

10.06 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

Nigerian women are already entrepreneurial. A LOT of households exist with the women being the breadwinners, my childhood is a testament to this. My sisters are businesswomen and the Nollywood film industry is led and dominated by women. So although I seek to do more to help in this regard, Nigerian women have never, in my opinion, been lacking in this department.