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:
More than 80% of people come from Poor & middle class families try to explore another source of income which can make their lifestyle better. Due to lack of education in business ideas and to create profit by using their time from home, many families and people are not able to create opportunity for themselves. EyDream is creating an end to end platform which guides them to learn, create and sell demanded products in the existing markets. EyDream is a three step solution for creating another source of income with/without investing and triggering a profitable solution for any kind of person who wants to create a source of income for their family.
Expected impact of your idea on sustainable development
Unemployment rate in India is 7.8% (Feb, 2020) which is almost double of China. Greater than 95% of India's 1.2 billion citizens comes under the poor/low income category which is a major concern of this country. In the world, more than 80% of people come under the poor/low income category. Out of these, more than 50% of people struggle everyday in life due to low income of their family. EyDream is a solution which enables them to earn income and revolutionize their lifestyle. Due to the Covid-19 situation, the unemployment rate has also been increased. Primary focus of EyDream will always be to create a source of income and increase employment in the country. In the current situation, anyone who has lost their job such as migrant workers, can create a source of income sitting at home. EyDream is an operation & tech based organization which will always support work from home.
Plans for implementation and sustainability
EyDream provides a source of income by promoting local business and products. It works in three steps: To provide education for creating products, to support the availability of resources and to create a platform for selling these products and earn income. NGOs are planned to be a partner of EyDream because we can reach local people through NGOs which are working for employment and women empowerment. NGOs will be our warehouses for handmade products and connected people of NGOs will be our partners for creating products. Schools and Colleges will also be like warehouses where students will create innovative products and come on my platform to build their business. For Tier-II, III, IV or villages, it also promotes local business and creates demand on our online platform like App, website and other bigger eCommerce platforms like Amazon & Flipkart. We will have research and development center for revolutionizing the existing products & creating new demanded products & launching them exclusively. We are also connecting with premiere institutes outside of India where research development centers are available. We will finance them on research & development for creating unique products and will expand in India by creating those products by our partners. We have planned to start this with minimal capitalization to create sustainable products. We are also exploring seed funding to initially stabilize the operations at least for one year. After that, our operations will be in stabilize mode. We can invest our own money and expand this business for pan India.
Sandeep Narayan is a 27 years old who has over 5.5 years of experience as a Project Manager in operations in a fastest-growing startup OYO Rooms. He was heading the supply chain of external and internal branding for all the OYO properties in India and south Asia. He has also worked as Business Partner in a NGO Silk Route where he organized various exhibitions on handmade products. Born and raised in Bihar, Sandeep Narayan received a B.Tech. Degree from IIT Roorkee, Uttarakhand- India in 2014. He was General Secretary of an adventurous club Himalayan Explorers Club. He organized lots of adventurous trips and events during his college journey. Since Dec 2019, Sandeep Narayan has been working as a Founder of EyDream to create a platform for decreasing unemployment and promoting local products. During his childhood, his family struggled vividly to earn money. They were capable of earning income but which vehicle will be best for them was questionable. Finally he realized that there should be a platform which can provide an end-to-end stage where anyone can go and learn, create & sell demanded products and create a source of income for middle and lower class families. In India, there is a lack of source and learning capability for any middle/lower class family to earn by themselves. So he came up with a solution to resolve this problem by creating a platform for them. EyDream is an idea and revolution to earn money by developing skills for creating demanded products by sitting at home/nearby place. EyDream has the potential to change the landscape of Indian lower and middle class families by leap and bounds. He is admitted to grow EyDream and ready to change the life of many people in the country.