Best Ideas 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Idea’ category. All the entries consist of innovative solution or proposition for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage. If you want to know the 10 finalists in this category, click HERE
'Grabage - Our Business is always Picking up
Explain your idea in details:
Objective: While saving the environment is our main objective, Grabage aims to make waste management quicker, and convenient for the common man and see that the right kind of waste is directed in the right type of recycling. Activities - Firstly, we will tackle the problem of segregation, collection of the waste and transporting it to the recycling units. We will check the process of waste management in Delhi by creating a formal platform, forming a network of the primors (the people we will employ to collect the waste), customers and recycling units. We will train our primors, give basic knowledge about how to use the app that we have designed, and provide them with smartphones if required. Other incentives include job security, paid leaves. The process will be consumer friendly; timely, verified pickup, convenient, rewarding and time saving. Any inconvenience faced by the customer will be mitigated by our customer service care service, which will be in operation 24*7. The process for waste collection has been explained in the flowchart attached. Innovative Approaches - The app that we will develop will be a major part of this project as it is through this app that we will connect our primors and the customers. A flowchart for the functioning of the app is attached. After the waste is collected by the primors, it will be taken to collection centers. We have divided Delhi into 4 zones (diagram attached). Each zone will have 2 collection centers, strategically located to accommodate each area in the zone. 25 primors will be employed for every collection centre. Waste from each collection centre will be sent every 15 days for recycling. Sale of the recycled products - Grabage Goodies will be done via our app.
Expected impact of your idea on sustainable development
Target - Our project is influenced by the Swachh Bharat Abhiyan and we aim to contribute to a cleaner and greener India and fulfilling the demands of a better future. Our aim to reuse and recycle commodities would help India meet the objective of cleanliness with innovation. Grabage envisions to be the most efficient and convenient waste management organization and expand to other cities as a one step solution for waste disposal as well as a recognised portal for sale of recycled goods Redirecting this untapped waste to proper treatment and processing facilities will open up new investment and employment opportunities. Providing eco-friendly innovative products at affordable rates would create a wide customer base and people will buy more number of recycled goods, thus reducing the load on the resources. Since less amount of resources will be utilized, they can be put to alternative uses. Measures to Evaluate Success - Analysis of a survey that we did proved that 76.7% of the people were willing to work with us, and therefore, with the support of the people, our project will be successful. We look to form associations with large corporates and even being a part of corporate gifting We also intend to be supported by the Government of India.
Plans for implementation and sustainability
Company Structure: We will start our business as a Private Limited Company with 3 shareholders with equal equity divided among us. We intend to give 30% of equity to an angel investor. Our project will be funded by the sponsors and the public. We also intend to be supported by the Government of India as it supports the Clean India campaign. Company Expenses: The company startup expenses will amount to Rs. 10,00,000 which will be self funded along with additional help from family and friends. 40% of these costs are IT costs as our entire business is online which will include our user-friendly app, Grabage, the one stop destination to get your wastes collected and buy Grabage gifts and a website which will provide all the necessary information required by the customer. For the initial period, the cost will be borne by the promoters. Strategy: Each Zone/Region will have two collection centres (warehouses), where wastes will be kept after being picked up our company. These will be strategically located to accommodate each area in the zone. Initially, our company operations will take place in Delhi and later expanded to include Mumbai & Bangalore. We will have a call centre in New Delhi, which will provide support to our growing customers. Sources of revenue: 1) Be a Seller - Sell the scrap by booking via the app(revenue in form of commission) 2) Be a Vendor - Buy scrap materials from us for recycling.3) Be a Sponsor - Sponsor us. 4) Be an Investor - Invest your money on us. 5) Advertise your products with us. Funding Usage: 1) Salaries to the Primors and workers employed to make Grabage goodies. 2) Research into further development of technologies for collection and inventory management 3)Transportation costs 4) Advertisements 5) Electricity and Rent
Hi, Im Vaibhav Jain. I am a 17 years old teenager. I am studying at Amity International School, Saket. I found my passion for entrepreneurship and business a few years back. I have participated in a few entrepreneurial competitions along with my team comprising of Darshneet Juneja and Ishita Mullick. We worked hard to develop firstly our own skills and secondly our project through this journey. I desire to study Computer science as part of my undergraduate studies and establish my own tech firm. Hi, I'm Darshneet Juneja, 17 years old. I'm studying at Amity International School, Saket. I would love to pursue Computer Science as my profession.