Published on June 11, 2014 um 15:17
Summary of your idea
We will manufacture and market quality syringes at cheap prices . In order to achieve these, we will outsource the whole manufacturing process and packaging to contract manufacturers who will produce and ship these products to our target customers. Our company's main task will be to coordinate and organize the entire process. This arrangement is known to be cost effective and reduce business risks.
Expected impact of your idea on sustainable development
We seek to have at least five local distributors as our customer base in the first year. We will also seek to sell at least one million syringes at the end of the first year. After five years, we should have had a 40-50% market share of the syringe market in Nigeria. We believe that in the long term, our quality but cheap medical products will also help to reduce the cost of healthcare provision in our Country.
Plans for implementation and sustainability
We are seeking for a business grant in order to start up our business.We will outsource the whole manufacturing process to established contract manufacturers and market them directly to local distributors. We will establish contact with a few contract manufacturers in order to obtain quotations. We will also need an approval from our Country's regulatory bodies in order to sell our products. We will commence marketing of our products following careful selection of a good contract manufacturer and approval from the appropriate bodies.
I am Oni Toluwanimi Mobolade. I am 24 years old. I am a Nigerian. I have a Bachelors degree in Physiology and I am currently studying for my Masters degree in Public Health at the University of Ibadan, Ibadan, Nigeria. I served as Financial Secretary and President of the University of Ibadan Physiology Students' Association during my 3rd and 4th years at the University. I was also one of the three students selected from my department to participate in an Entrepreneurship and Innovation course during my 2nd year at the University. I have a strong desire to be self reliant, financially independent and to help improve the quality of healthcare in my Country by producing quality medical devices at cheaper prices. I believe that Africa needs more entrepreneurs who will help provide jobs for its increasing youthful population and also improve her economy and I want to be one of such entrepreneurs. I have good leadership,management and organizational skills which I believe will enable me to succeed.
Stage of Idea
conceptual stage, planning stage
Your idea has a positive impact on