Best Ideas 2022 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:
As global warming increases on our planet, the temperature tends to increase more rapidly. This problem resulted in a continuous decrease of ice in the two polars. Moreover, the heat of the entire planet has increased. Between 1906 and 2005, The global average surface temperature rose 0.6 to 0.9 degrees Celsius. On the same level, the rate of temperature increase has nearly doubled in the last 50 years. That is why the last five years are the highest five years in temperature in the entire history of the planet. Many solutions were suggested to solve global warming and decrease its effects including reforestation, decreasing usage of greenhouse gases produced from coal and petroleum as waste products, and capturing the CO2 directly from the air. These solutions ranged in cost and effectiveness. Thus, the preferred solution I suggest is to use a direct air capture device to remove CO2 from the air. It does not prevent humans from using petroleum as an energy source while removing large amounts of carbon dioxide relative to other ways. My device can remove CO2 from the air at any place and at any time. Moreover, the carbon itself can be used in many industries like some foods, the extraction of oil in enhanced oil recovery, and the air conditioning systems. In addition, the by-product water produced from the extraction process would be treated and reused in agriculture.
Expected impact of your idea on sustainable development
Applying this project on a large scale will result in a net removal of CO2 in the atmosphere. Currently, there are 19 DAC plants operating worldwide. Those plants absorb about 0.1 Mt CO2 per year. The number will increase to 85M tons of CO2 by 2030. This large increase is due to the high effect of the DAC in absorbing CO2 and solving the global warming problem. It is also recommended to build the DAC system in large cities with high urban and many factories as these cities produce large amounts of CO2. In addition, this idea will help as a solution for the problem of lack of clean water resources, by using the treated water produced as a by-product.
Plans for implementation and sustainability
In Mass Market, the best beneficiaries are large factories responsible of the most of CO 2 emissions in addition to governments as applying that project may be useful for an entire region providing it by a clean atmospheric air relatively to another region not having a CO 2 capture. I believe that the direct channel will be the most effective method of reaching people and convincing them to purchase my product. In particular, a sales force will be employed to promote my product and educate prospective buyers on its features and benefits. Customers will be able to use the solution as an asset. The production cost for every small device would be 178$. It is anticipated that every one single device will be sold for 267$, depending on the primary planned strategy. Depending on my business model,devices could be sold as package; for example, (0:100 devices) cost will cost 267$ for each, (101:500) will cost 222.5$ for each and (501:1000) will cost 200$ for each. Regarding the financial projections, during my first 6 moths after launching the project, I target to sell 100 pieces with a total revenue of 26700$ , a production cost of 17800$ and then a gross margin of 8900$. Marketing, sales, research and development will have a budget of 2000$ , and depreciation will cost 10% of the total profit (2670$). So, the total profit will be
I am Ahmed Hassan a young entrepreneur who is always curious about entrepreneurship . I am 18 years old. I worked on may projects and participated in competitions like Diamond Challenge, Blue Ocean and TATAWWAR, and I was qualified as a semi-finalist in all of these competitions. I launched a Business literacy club called EnSpire. I am a Pioneer Academics scholar in the research concentration of (Leading teams and organizations):business. One of the most activities I am proud of being doing it is working in an internship in an optical center, and now I was promoted to be a store manager. Actually, I believe that commitment and continuity are the two keys of success.