Ideolve

An integrated one-stop platform connecting people, and organization's with problems and allowing them to consume resources to resolve it

Our world is a diverse place, with the evolving time we have evidenced how our life has changed. While on one side, we as human are reaching new heights of possibilities through combining science and technology for a better good, on the other side various global problems are also emerging with alarming rate.

We are targeting global social issues listed by United Nations, these issues include the problem of climate change, health, clean water, etc. According to the World social report 2021,current strategies and patterns of rural development are failing to meet either the socioeconomic or the environmental Goals. Now, this become a far bigger problem when we are trying to resolve it for nearly 8 billion people and this number is increase with every second you are spending to read this. 

Being specific if we talk about one of the problem such as Climate Change out of the huge pool that we are aiming to solve; based on the report by World Health Orginisation between 2030 and 2050, there will be 250000 additional deadth due to it, while the current deadth count is already 550000 already. 

Aren't these figures terrifying? We got scared too and these are just the statics based upon one issue, according to our research these number are far more higher when combined for all other issues such as hunger, which is 3.1 million alone. There are multiple causes based upon the specific issues, for example climate change is caused by excessive emission of green house gases. Hunger is caused by mismanagement of resources for irrigation, land degradation, etc. 

As our platform allow user to post and even solve problems all the way from local to global level, quantifying any figure will not be justified. We are here to resolve the problem for anyone and for everyone.

We give voices to people who are facing social issues, as mentioned in our problem statement, by allowing them to post it to the world. This allows people from across the globe to work to solve social issues propose innovative solutions, and implement solutions. 

People from all over the world could solve problems individually or collaborate to resolve them by combining their skills, ideas, and resources altogether. Out of the posted solutions for any problem, the top five most feasible and upvoted ones have the opportunity to run fundraising campaigns to implement their solution and turn their ideas into reality. By doing this, we are not just limited to problem-solving only but, we are promoting entrepreneurship among youth.

We additionally provide solutions for companies to manage their CSR for a more meaningful and impactful purpose by funding these solutions. Apart from this, people also have the option to donate to a cause and see how their small donation can change the world. 

We believe that technology is just a tool designed to craft solutions of science for the betterment of society. Initially, we are developing an integrated web platform as a working prototype; apart from this, we are also playing around with blockchain for establishing a distributed money transaction over cryptocurrency to minimize any potential fraud.

As we mentioned we are for anyone and for everyone, quantifying us for just a small region or community will not be justified. we are there for every person around the globe who is facing or noticing any kind of social issues in their life, 

Not just for the people in trouble or who are facing issues, we are also for anyone who dares to change the world and use his/her capabilities for the betterment of the human race and save our planet. we are empowering students, innovators, and even organizations to come up with solutions and implement it. While this seems like social work, we are also actually allowing them to grow their business and not only deploy projects but impacts.

There are a plethora of problems faced by people despite their geographical locations; for example, people living in Ghana are facing the issue of unemployment, corruption, and poverty, due to which genius like Kollins left the country, and now the prime minister is missing him and crying. The educated mass is migrating away from the country, restricting economic growth. While on the other side, people living in metropolitan, developed, and economically strong nations such as China or the United States of America face the issue of pollution, which leads to poor health and living standards.

Also, some students, innovators, and organizations are eager to solve problems in people's lives and use resources(ideas, money, knowledge, technology). Still, they are not able to execute their plan just because of financial constraints. 

We consider ourselves as a group of diverse students who developed this shared love for learning and using our knowledge towards doing something good for society and changing the lives of people for the better. Despite belonging to different countries, religions, backgrounds, races and even ideals, we are united with the common goal of driving an impact. Our team comprises computer science and engineering, product design, electrical engineering, fintech, and Environmental majors. This combination leads us to use technology efficiently, as an understanding of chemistry, environmental science, and biology helped us to examine the interdisciplinary impacts of the issue. On top of it, two of our team members have experience in finance and marketing, which strengthens our feasibility.

Coming from different countries, including India, China, and Ghana as an international student in the United Kingdom have allowed us to share experience coming from lower economic countries having varied problems to a developed nation facing one of the worst energy crisis ever. One of our teammates has worked to resolve the healthcare issue in south Africa through his project, which was selected by Harvard university for helping people fight Type1 diabeties. Also, our teammate has served as a volunteer teaching K-12 students in the United States and China remotely for a year, exposing them to understanding the difficulty children face in learning; our team member has also been vocal about the issue of deforestation and pollution by plastic leading to start a small startup converting leftover pizza boxes into decorative items in India which are selected in national startup competition and are currently under incubation. 

We have done individual surveys with nearly 1023 people belonging to different social, and economical backgrounds, age groups, and countries. They all had two things in common, firstly, they all are having problems that are impacting the lives of multiple people in their community, and secondly, they are upset as no one is taking initiative to resolve them. Additionally, nearly 2.05% of the people mentioned that they have potential ideas to resolve these issues but do not have enough resources. On the other side, based on a random quiz we ran in our and our friend's present and previous universities, out of 748 students, 27.9% mentioned that they have startup ideas that could help to resolve the problems faced by 1023 people but have no proper guidance or resources to accomplish it. As we are only at the very initial stage of ideation and prototyping and believe that there is a way ahead, at MIT Solve, we aim to receive feedback from more people and the jury to improvise with time.

There are many Q&A sites, such as Quora, Reddit, Stack Overflow, etc. Most of these kinds of sites typically allow users to ask and answer questions on a variety of topics and provide a forum for users. 

What distinguishes us from these Q&A sites is that we focus on solving social severe issues and implementing integrated solutions to build better communities and promote human well-being. A platform where potential problems get surface and have the possibility of being eradicated by concerning authorities or anyone else who would want to take up the initiative. Not only will this make people aware of the existing problems in several domains but it would also encourage and enhance conversations around topics that demand our attention. 

We aim to fully launch ourselves and start helping people by letting them post their issues, allowing people from across the globe to access and combine their abilities to resolve it by receiving the right resources. We additionally wish to be selected in the MIT Solv[ED] challenge and present ourselves in the finals to gather enough funding not just for us but for those who are posting issues faced by their community at our platform with the hope that now something will happen to the situation. 

Our initial target for six months after the launch is to reach 100000+ active user count, while for the next three months afterward, we aim to extend our service and improvise our platform based on the user interaction data and feedback. According to our calculations, we hope to cross the mark of 500000 by the end of the year; this figure could have an error percentage of 5%. On terms of money flow, we believe in holding the initial 1.2% market cap of CSR utilized and donated every year. The donations could not be defined initially but would have a more precise amount after the initial six months only. 

We plan to reach our goals through five key channels of marketing, firstly digital marketing to make people aware of our work, secondly we target to use of print media as still 28% of the world relies on reading newspapers and articles, thirdly students/innovators are our piller and we aim to get them connected with us by launching small challenges specific to universities with the help of different clubs they have, fourthly we aim to pair up with local organizations (NGO’s) to reach to every individual. Finally, we aim to present our idea at global events such as MIT Solv[ED], which would help us to get the attention of the world. Our motive is to see the people's life changing and having a better future coupled with a sense of love and mutual care.

Well, as we mentioned we believe that technology is just a tool designed to define the solution of science in the digital world. Initially we are using web technologies including React.Js, Node.Js, WordPress, and PHP. Once we secure some funding we would be launching our own crypto token that we are currently working on.   

Currently, we are still in the concept stage. Our goal for the first six months following the launch is to attract 100,000 or more active users. We plan to enhance our service and platform in the following three months based on user feedback and interaction data. We anticipate reaching a total of 500,000 users by the end of the year, with a potential deviation of 5%.

The first barrier has to be the financial part; at the initial stage, we need to get enough funding to promote our site. Especially as a start-up, we appear non-profitable at the initial stage, but later based on our research, we will be making good profit by the end of the second year, and the cash flow will be positive.

Right now, we are not partnered with anyone, but in future, we will partner with multiple companies and organisations.

Our business model for Ideolve is based on connecting people who are facing social issues with potential solutions and resources. We provide value to our key customers and beneficiaries, which include individuals, companies, and organizations working to solve social issues, by providing them with a platform to propose and collaborate on innovative solutions.

Our main product is the platform itself, which allows users to post their social issues and propose solutions. Users can also collaborate and fund-raise to implement these solutions. Additionally, we provide value to companies by allowing them to manage their CSR in a more meaningful and impactful way.

We generate revenue through a few ways:

1. Advertising: We sell advertising space on the website to companies or organizations that want to reach the user audience.
2. Commission: We take a small commission from the funds raised for the solutions implementation.
3. CSR management: We provide companies with a paid service to manage their CSR on our platform.

In summary, our business model is based on providing a platform for social impact and revenue generation through advertising, commission on funds raised, and CSR management services.

Our path to financial sustainability for Ideolve includes a combination of revenue streams.

1. Advertising: We plan to generate revenue by selling advertising space on our platform to companies and organizations that want to reach our user audience.
2. Commission: We plan to take a small commission from the funds raised for the implementation of the solution on the platform, which will help to cover our expenses.
3. CSR management: We will provide companies with a paid service to manage their CSR on our platform, this will be a significant source of revenue for us.

In addition to these revenue streams, we will also seek out grants and sustained donations from foundations and other organizations that support our mission. We will also explore the possibility of raising investment capital to fund our work.

We will closely monitor our expenses and revenue streams to ensure that they are in balance and that we can continue to operate sustainably in the long-term. We will also regularly review and adjust our revenue generation strategies as needed to ensure that we are on track to achieve financial sustainability.

In summary, our path to financial sustainability for Ideolve includes a combination of advertising, commission on funds raised, CSR management services, sustained donations and grants, and potentially raising investment capital. We will closely monitor our expenses and revenue streams to ensure that they are in balance and that we can continue to operate sustainably in the long-term.