Best Projects 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs. If you want to know the 10 finalists in this category click HERE
Explain your project in details:
ChillOut Lounge is a high-technology restaurant that offers new experiences and a variety of dishes from all over the world. We use innovation and technology as our main platform to differentiate and adapt over time to changes and technological trends. We have 24 live music concerts a month, and we use the magical gift that music has to bond people together and make them happy, allowing them to become the heroes of their own stories, by bringing them new experiences.
Impact of your enterprise on sustainable development
40,000 clients have tested the product(service) and gave positive feedbacks. They have also became regular clients. We have impacted Nicaragua´s Music culture by becoming the biggest and best known cultural place where artist can express and develop their talent, we have given job opportunities to 100 Nicaraguan artists so far. We have had 879 live music events since we started in 2015. 24 Shows monthly.
Sustainability and future plans
My business model is retail, business to customer, the income comes directly from the sales of dishes and bevarages. My vision isto establish Chillout in almost every country in the world. It will be established in 10 countries in the next 5 years. I am using the franchising model in order to scale, Chillout was awarded as one of the 20 Top winners in the IFA´s Nextgen in Franchising Global Competition 2018. Chillout will work well with the franchsing model because: 1.It has a track record of sales and profitability. 2.It is all systematized and follows a complete manual of standarized procedures. 3.There is room in the different desired countries´marketplace to introduce and compete in. 4. It is highly scalable because it uses innovation and technology as the primary tool and our main hability is to adapt over time to changes involving rapidly growth, expansion, and upgrades.
Your profile as an entrepreneur
I am a 27 year old entrepreneur and my passion is to create, innovate, and accomplish my dream of becoming a global future business leader. I have been awarded globally: 1)Awarded as one of the 20 Top Winners around the world out of 1,000 applications in the International Franchise Association´s NextGen in Franchising Global Competition 2018. https://www.franchise.org/ifa-foundation-announces-grand-prize-winners-of-2018-nextgen-in-franchising-global-competition 2) Awarded as one of the 250 Professional Fellows out of 4,000 aplications in the Young Leaders of the Americas Initiative professional fellows program, created by Barack Obama. http://www.vosdale.com.ni/date-cuenta/los-nicas-que-son-parte-del-programa-jovenes-lideres-de-las-americas 3) Awarded as First Finalist in Entrepreneurs Organization´s Global Student Entrepreneurs Awards in Nicaragua in 2016. 4) Awarded as First Finalist in Entrepreneurs Organization´s Global Student Entrepreneurs Awards in Nicaragua in 2017. 5) Selected as one of the Queen´s Young Leaders Advisory Mentor 2018. https://qyl.ice.cam.ac.uk/be-a-mentor/advisory-mentors/gerardo-escudero-samara 6) Selected as a Mentor/speaker for the Global Entrepreneurship Bootcamp in Katmandú, Nepal. 7) Selected as an Ambassador for Youth Opportunities. 8) Selected as one of the semi finalists in the Department of State´s Global Innovation Through Science & Technology Global Competition (GIST-Tech I) 2018. http://www.gistnetwork.org/competitionentry/chillout-lounge 9) Selected to pitch my business in the Mumbai Start-up Fest 2018 in Mumbai, India. 10) Selected as one of the world´s Student entrepreneurs by President Bill Clinton to participate in the Clinton´s Global Initiative University 2018.