Blog post 10:
- Identify two SPECIFIC funding sources for the design phase of your project and two SPECIFIC funding sources for the dissemination (implementation/distribution/
commercialization) phase of your project. For each funding source, explain why this is a good fit for your project, and what SPECIFIC aspect of your project might the funding source support.
- USA DIV. This is for USAIDs development innovation ventures funding. I think that this is a good source of funding for Ukweli because you can apply anytime, they have three different stages where they fund (proof of concept, testing and positioning to scale, and scaling), and what they are looking for (“we look for solutions that demonstrate rigorous evidence of impact, cost-effectiveness, and a viable pathway to scale and sustainability”) align well with our venture and the goals we have our test strip. We will request that their funding helps cover the cost of two on the ground employees.
2. We aim to get 6k from World Hope international. They had agreed to match the funding that we intend to get (6K). It is a good fit for our project because we have been working with them for so long. They are extremely familiar with what we are doing. I have presented to the CEO myself about our venture and he liked everything that we had plans for. This funding will ultimately go towards our overheads, specifically employing 2 people on the ground to keep it sustaining.
- Develop a detailed income statement for your venture for two years (at six month intervals). Explicit state the assumptions that underlie your financial model.
Assumptions:
Overhead costs: We assume that we will be hiring a quality control employee and distribution employee. We will also have to cover some costs for running a training session, mobile service air time, appraisals and bike/fuel/transportation.
Capital Investment: We will have to make a capital investment on a bike, marketing license and cell phone.
COGs: Our COGs will be the production cost per box, shipping and pack of plastic cups.
Sales: We will have sales from both pregnant and non pregnant women.