Best Ideas 2020 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:
Liquid Yard is a social startup running on the principles of liquidating donations to its monetary value. The whole process mimics a charity yard. Firstly, individuals with supplementary goods (anything and everything) can register it as donation in our website. These donations include anything and everything. Once an area becomes dense with registered donations, our volunteer base shall collect them for temporary storage before the arrival of our monthly yard sales. In our yard sales, donated components are sold. During registry of the primary component, the donor can destine it to particular social startups, non-profits or social causes they would like to donate to. We shall distribute the worth of the sold product to that destination while during selling would add up a slight commission for our expenses. Our motto is to empower social startups and providing the ability to perceive anything as charity. In Bangladesh and similar developing countries, 7 out of 10 social startups with the best intentions and ideas fail due to lack of funding. Our main goal is to channel the funding to them. We cater to donors who can donate anything, middle and lower class buyers who shall purchase from the yard sales and social startups and non-profits to whom the worth is redirected in monetary values. Our main role and uniqueness is of liquidating as money can target each and every SDG directly. Warm clothes are not of much use in pandemics while medicines are not much effective in famine. We increase the efficiency of donation to its highest degree possible and thus bring a positive change in society.
Expected impact of your idea on sustainable development
Liquid Yard operates in such a way that it directly targets each and every SDGs at once. We previously mentioned the necessity of liquidating resources to achieve the goals. Warm clothes cannot put an end to world hunger and collecting excess food cannot reduce inequalities. With Liquid Yard, everything is charity as the concept and activity is that of a monetary filter that turns any goods into cash through yard sales. Money is the most liquid resource possible, assuming its role as food, cloth, medicine and anything else on necessity. All it requires is one compassionate individual getting rid of something that might otherwise be wasted; as donation and supporting a cause, may it be gender equality or poverty reduction. The step reduces domestic wastes in the higher class and creates a sustainable marketplace for the middle class. This takes a step in solving SDG-12, Responsible Consumption and Production. The reason we help reduce poverty is through empowering organizations that do so; and similarly we ensure all other goals. Above all, we channel funds to impact every SDG possible.
Plans for implementation and sustainability
Value Propositions: -Ability to donate anything. -Waste reduction. -Eliminating Trust gap due to tracking -Database of all social startups -Items used to full potential -Choice of funds -Hassle less donation -Cheapest platforms -Diverse Marketplace -Higher reach for social startups -Channeling Funds Customer Segments: -The Upper Class Donors -The Buyers -The Social Startups/Non-profits Revenue Streams: -Commission at sales -Ad Revenues -Subscription fees from registered social startups Cost Structure: -Storage -Transportation -Wages -Web and App Management
I am Adib Ahnaf, a young innovator and entrepreneur whose works impacted thousands in Bangladesh. I have origins from Northern Bangladesh and I reside in Dhaka. I have innovated some national patents like fire fighting drones. I have assisted the growth of multiple companies. I own the largest drone manufacturing company in Bangladesh Rotor Solution Ltd. and the largest freelancing platform called Shomonnoy, creating working opportunities for millions. I am currently in my high school and has been dubbed as a prodigy by various platforms. My aim is to ultimately create a better future before my life comes to an end.