Explore GEN family of websites, social media experiences, blogs and more.

Unleashing ideas.
Strengthening startups.

Back to search results
    Date submitted
  • 26-Aug-2017

SME SPRINGBOARD

Abstract

SME SpringBoard is a platform we designed to assist Micro, Small and Medium Enterprises (MSMEs) realize their growth potentials, have access to market, access to finance, capacity building and be exposed to the truth that they play a vital role in contributing to their nations economy.

One of the primary goals of SME SpringBoard is to engage a number of Enterprise and Business related individuals bring each one together, in order to form a small but effective Entrepreneurship Network, thereby improving peoples way of living, business processes, getting more creative, adding more members of society into the labour force, improving the nations GDP.

How we go about addressing some of this issues, is by getting to grassroots, gathering data/information of individuals who are highly skilled, have gifts/talents, who can make positive impact and contribute to society. When we all come together, we begin to share knowledge on different aspects/components or areas we find these individuals lacking behind and we make an impact on the life of that individual.

We address issues of;

Capacity building: People get to receive trainings,on topics/subject matters

Access to Finance: We have commercial and micro finance banks present at this gathering to help meet demand from startups,whose needs may be finance.

Access to Market: We hold like a business expo, people put their products on display to find potential buyers.

Business Clinics: We hold business clinics sessions, where people share the concerns or struggles they have.

Video

Photos

Additional Questions

Who is your customer?

Micro, Small and Medium Enterprises (MSMEs)

What problem does this idea/product solve or what market need does it serve?

One of the primary goals of SME SpringBoard is to engage a number of Enterprise and Business related individuals bring each one together, in order to form a small but effective Entrepreneurship Network, thereby improving peoples way of living, business processes, getting more creative, adding more members of society into the labour force, improving the nations GDP. How we go about addressing some of this issues, is by getting to grassroots, gathering data/information of individuals who are highly skilled, have gifts/talents, who can make positive impact and contribute to society. When we all come together, we begin to share knowledge on different aspects/components or areas we find these individuals lacking behind and we make an impact on the life of that individual.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

SME SpringBoard is a platform we designed to assist Micro, Small and Medium Enterprises (MSMEs) realize their growth potentials, have access to market, access to finance, capacity building and be exposed to the truth that they play a vital role in contributing to their nations economy. We address issues of; Capacity building: People get to receive trainings,on topics/subject matters Access to Finance: We have commercial and micro finance banks present at this gathering to help meet demand from startups,whose needs may be finance. Access to Market: We hold like a business expo, people put their products on display to find potential buyers. Business Clinics: We hold business clinics sessions, where people share the concerns or struggles they have.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

So far so good, we have began SME SPRINGBOARD in Nigeria, we started in 2016, but we are looking beyond just Nigeria alone. We have so many individuals in countries all over the world, that this great idea will benefit and impact. We want to host SME SPRINGBOARD even in more countries in Africa, Europe, America and Asia for the next 5years. Our aim is to spread awareness on Igniting youth Entrepreneurship, with a focus on Goal 8 of the 17 SGDs, Decent work, Economic growth. We will work towards hosting an event atleast in one continent, each quarter of every year. The activities involved will be Capacity Building, Networking, Access to Finance, Access to Market, Business clinics and interaction with regulatory bodies. We have Representatives of Government Agencies, Investors, business persons, start-ups, established entrepreneurs and investment experts, As invited guests and participants, an event like this would open the the opportunity to recognize the current strengths, weaknesses, threats and opportunities in Entrepreneurship. During and after each event, we can all connect, and support each other’s Businesses. The impact an event like SME SPRINGBOARD will have on attendees will be that they can successfully be business owners, employers of labour, they can be better members of society, they can help touch more lives in their various communities, they are now gainfully employed, and contributing to their nations GDP. We will have a data base of all attendees,(we currently do have for the past one) for follow up and growth measurement. We will keep the communication open and ensure we continually know how each individually is replicating their success back home. So also, we will give room for feedbacks and suggestions to better help us know what areas we can improve, and if there are more ways we can touch and impact lives.