Best Ideas 2021 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.
Published on July 12, 2021 um 13:56
Explain your idea in details:
It aims to provide touch-free medicines, and also stop black marketing and hoarding while working perfectly well on legal grounds. It will be placed outside the hospitals, and the hospitals would have the sole responsibility of filling and selling medicines, and by selling medicines they would earn profits, that too hugely, taking into account the minimal rent amount of medicinator being just 10k per month! And the general public gets medicines, a little less costly, as medicinator cuts cost of labour, etc. So, it makes it a win-win situation for all! It is a one-of-its-kind idea, as whenever you have to buy medicines from a medicinator, you need to have a 1 time use QR code that only a registered practitioner can provide, only when the inbuilt scanner verifies the QR, it automatically gives the medicines, after digital payment, moreover, the QR will have feeded amount, doses, quantity and name of medicines, so no selection required, to make it touch-free! The process will be like- 1. You go to a hospital to get your treatment 2. Doctor prescribes you certain medicines 3. You get a QR code on your Medicinator app over your mobile. 4. You go to a Medicinator machine, where the scanner, takes the QR, scans it, verifies it. 5. It reflects the amount and names of the medicines. 6. Then you can proceed to digital payments, via e-wallets/UPI 7. Ta-Da! You get your medicines!
Expected impact of your idea on sustainable development
As, machines are completely unbiased, on genders, race, caste, etc. It will promote regional equalities, Medicinator will be the same for all! Moreover, as the black practices of hoarding, black marketing will be reduced stock will be higher as compared to before, so it will contribute to Good Health and Well being of all!
Plans for implementation and sustainability
This machine i.e. the Medicinator has an effective manufacturing cost of 2,15,000 INR, then including AMC, Taxes, Gross Profit as in employee salary, overall maintenance, etc. with our profits, makes it 5,00,000/- for sale, with a warranty of 4 years. Financial sources, that are identified are venture capitalists, general investors, banks, competitions as in Shark Tank India, YTBC, etc. among others, for starting we need a capital of 90 lakhs INR, as in that we'll hire existing vending machine providers, mention the revolutionary changes as in adding QR code scanners, etc. taking into accounts their profit, we'll import the machine @3,00,000 INR. Aiming for selling 20 machines per month, it makes 1,80,00,000 INR as required amount, so after taking the profit regulation cycle, we need 90,00,000 for a startup.
I am Pranjal Agarwal, age 13 and a half, I am a proud Indian, my main motivation is my aim to give back to my society. My nature can be summed up in 3 words, amicable, inquisitive, curious. I have an idea, and a platform is all I need, I like to work hard, as much as I can, along with academic excellence, for social welfare.
Stage of Idea
How it works!
Current Problems Faced
What Medicinator Offers