Best Ideas 2019 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Explain your idea in details:
Nyasapoints Enterprise is a social business enterprise that aims at working and empowering the youths having the natural talents and skills including but not limited to; shoe making, wood carvings, molding, drawings and paintings as a means for self-employment and generate income to sustain their livelihood. The enterprise was conceptualized out of the realization that many Malawian youths face a myriad of challenges for their personal independence in spite of having basic natural talents that can be nurtured and utilized productively. Hence, an increased percentage of young Malawians migrate to Cities and South Africa in search for employment. Although, the government of Malawi tries to leverage the problem through establishment of technical colleges but the access is very limited in terms of enrolment hence still leaving out a bigger number of youths. Besides, its system requires a minimum academic qualification for enrolment which then creates a barrier for some potential youths in the country. Nevertheless, the approach by Nyasapoints is designed to be sustainable, inexpensive and have a long lasting impacts on the society. The business tries to nurture the already existing talents and skills in the youths and it adopts an incubation approach, where Talent Incubation Centers are being created so that youths can meet as a club to share, exchange and acquire skills in developing their ideas and products from inception through to commercialization stage. Through this platform youth shall be able to receive talent and skill development trainings, entrepreneurship trainings, and other business related services so that they can venture into small businesses using their talents and skills. Therefore, the main objective of the enterprise is to create self-employment opportunities within communities in Malawi through developing the talents and skills of youths in business and enhance their products attributes.
Expected impact of your idea on sustainable development
The Nyasapoints enterprise has envisaged that proper and effective implementation of the business idea to the societies of Malawi has potential to create 24 small businesses and 120 decent jobs among the youths per year. The measures of success will include number of enterprises created, income generated by the enterprises, number of youth in the enterprises created. The Nyasapoints enterprise will adopt approved testable measures of evaluating success for its operations in order to effectively evaluate its success.
Plans for implementation and sustainability
The piloting and roll-out of the business will firstly start with Kauma and area 25 townships operating Talent Incubation centres comprising 20-30 youths. The areas have been chosen since they have a large population of vulnerable but economically active youth. Secondly, the areas are in close proximity to the major towns and City which can provide exposure and viable markets for their products. The phases in the project will include recruitment of youth and the intensive incubation, peer learning, trainings for 4-5 months and connecting the established enterprises to markets and finance service providers. For the sustainability of the enterprise, the activities of Nyasapoints enterprise through the Talent Incubation Center (TIC) has been conceptualized in a way that its approaches are cost effective while generating long lasting impact. Firstly, the enterprise will use local resource experts such as industry captains in the country for mentoring and motivating the youths on a volunteer basis. The Enterprise will also encourage use of local resources for designing of products. As a long-term sustainability, Nyasapoints business model has been designed to allow participation of youth enterprises in the ownership of the Talent Incubation Centers through acquisition of shares. They will also participate in the Governance as Board of Directors to oversee the activities of the enterprise for long term success. On financing sources, the Nyasapoints will promote savings and lending schemes within the Incubation Center where youth enterprise members pool their resources for the purpose of lending to promising ideas. For fully developed businesses and products, the Nyasapoints will endeavor to further provide linkages to Micro-finance Institutions and Angel investors. The initiative will collaborate with Government training institutions such as TEVETA, SMEDI and Technical Colleges for on-going exchange of best practices and materials in vocational and entrepreneurship education.
I am Mervin Kamchacha aged 24 and I am a final year undergraduate student in Business management at Pentecostal Life University, Malawi. I did my secondary level at one of the national secondary schools; Nkhata-bay boys secondary school, which gave me an opportunity to learn on how different people more especially youths perceives our nation and most importantly about their future. As a young man, living and seeing the positive impact in my society has been my motivation and that is why I always participates in programs that can bring a positive change to my nation. As a young entrepreneur, I have good business analytical skills, good listening and communication skills, and I am determined and committed to what brings change for my nation. For the past few years, I have been living as an entrepreneur these are qualities that are contributing to my success as a small entrepreneur. As a young entrepreneur who always love to see Africa being changed for better, for a number of times I have been participating in competitions that seeks best solutions to common challenges that African countries, and mostly Malawi is facing. Therefore in the year 2018, I received my first award from the World Bank Malawi after my business idea on how to create decent jobs among the youths of Malawi, emerged to be one of the winners and as a prize I had an opportunity to do internship program in its country offices in the country.