MIT Solve

Solution overview

Our Solution

BusyBizz

Tagline

A platform for potential investors and entrepreneurs.

Pitch us on your solution

Problem

Insufficient employment opportunity and middlemen problem.

Our Solution

Our solution is a online based idea sharing and networking platform where any person with a feasible and ready-to-be-implemented business idea can upload any kind of existing or innovative business ideas.

Considering the amount of seed money, the ideas will be categorized.

People willing to invest can see the ideas and if interested can start the business. We will provide data, consultancy and legal help.

Changing Lives

1. Creating more investment opportunity and job openings.

2. More competitive and stable market conditions eliminating the monopoly of the middlemen.

What is the problem you are solving?

1. Unbalanced Market Condition (due to middlemen)

Present market condition in Bangladesh is quite strange. For a significant number of products, a few middlemen controls the particular market though there is a large number of producers and consumers. This enable the middlemen to set the price willingly for transactions with both producers and consumers the middlemen are dealing with. So, the producers lose much of the value of their product. At the same time, the consumers have to purchase products at much higher rate.

2. Insecure market entry (due to no data, no research)

Entering into the market is troublesome due to political and other difficulties. This discourages the investors especially middle-class-economy investors as for unrest market. According to the World Bank’s Doing Business Index Bangladesh’s position are 107 among 183 countries. Moreover, insufficient data and lack of guidance make them feel doubtful to enter into the market. As a result, the amount of lazy money increases and slows down the economy.

3. Insufficient Job opportunity (due to low number of actual business)

Unemployment Rate in Bangladesh is now 4.31% with 2 million unemployed populations. About 1.8 million educated workforces are entering into the job market each year.

Who are you serving?

The platform directly involves

1. People willing to invest from very low amount to high

2. People willing to start business

3. People with ideas or business plans

These impacts-

1. Lower income people by creating small ventures and job opportunities

2. Producers and consumers by reducing the price gap as the market is more competitive with more openings.

What is your solution?

We are proposing an internet based idea server accessible via website or mobile app.

There will be two types of subscriber to our service. The first one is we called the ‘Idea-Maker”. After signing up he can submit any ideas, plans or any kind business propositions. He can further seek any kind of supports and investments.

The second types of users are the investors. They can select any of those ideas which they are interest to work further or run the business on their own. They can easily contact with the particular ‘idea-maker’ for the modification and any kind of support.

Our work here is just act as a building-bridge to the ‘idea-Makers’ and the investors. Further, we will give any kind of support regarding mentoring and consultancy service.

Types of plans

1. Existing highly profitable business

2. Innovative idea or start-up ideas

3. Solutions to existing and proposed (by companies) problems

Criteria of plans submission

1. Feasible in current condition

2. Ready to be implemented

3. Legal

4. Detailed data, survey, links

5. Detailed financial calculation and expected profit

Process Flow Chart

Select only the most relevant.

Increase opportunities for people - especially those traditionally left behind – to access digital and 21st century skills, meet employer demands, and access the jobs of today and tomorrow

Where our solution team is headquartered or located:

Dhaka, Bangladesh

In which sector would you categorize your solution?

Finance

Our solution's stage of development:

Concept