Develop a detailed income statement for your venture for two years (at six month intervals). Explicitly state the assumptions that underlie your financial model.

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.

a. Design Phase

  1. Development Innovation Ventures grant- from the United States Agency for International Development. This is a good fit for our project because this source funds any valid venture that can bring original solutions to the critical challenges affecting millions of people around the world. This organization provides funding to research that is American based and also for countries around the world that it already supports. This source might fund us to scale up our ventures because it currently has an application that provides a good sum of money for scaling as long as we can provide proof of evidence that our venture is valid. Source:https://www.usaid.gov/div
  2. World Global Grand Challenges Grant- from the Bill & Melinda Gates Foundation. This is a good funding source because the Bill and Melinda Gates Foundation is a known philanthropic organization that funds ventures that aims to solve issues like world hunger and growth stunting. This source might support our operations because it involves creating valuable products that can significantly reduce malnutrition levels in Sierra Leone. Source:https://gcgh.grandchallenges.org/grant-opportunities

b. Dissemination Phase

  1. GELH (Grants for Experiential Learning in Health): this is a grant of $5000 provided by Lehigh University to support experiential learning activities in health. This is a good fit for our project because our venture involves improving the diets of the people of Sierra Leone by introducing them to a highly nutritious product. This source might fund our attempt to integrate mushrooms into the diets of people in Sierra Leone and maybe spread our influence to different regions of the country by helping our distribution process. Source:https://gcgh.grandchallenges.org/grant-opportunities
  2. IDEAL Small Grants Program: this program is focused on the expansion of health knowledge around the world. The grant can be used to fund “innovative approaches,” which encompasses our venture. This specifically applies to our dissemination of health knowledge that comes along with providing mushrooms as it is a new nutrition source for the people within Sierra Leone. Also, we are looking to emphasize the importance of different methods of agriculture so that people in Sierra Leone can be less dependent on the unreliable farming of rice and move onto more beneficial crops. Source: https://www.fsnnetwork.org/small-grants-program

Identify five specific partnerships that you need to forge to advance your project forward with the ultimate goal of positively impacting at least one million people. Describe exactly how that partnership might help you achieve scale and why that entity might be willing to work with you.

    1. We need to maintain our partnership with World Hope International because they can allow us to use their facilities in Sierra Leone to scale up our ventures. They can also support us financially by paying Jawara who keeps our production systems running.
    2. We have to form a partnership with Dr.Grassi and Professor Ganesh B. who has experience working with ZECC (Zero Energy Cooling Chambers). With their support we can design and model a ZECC system of our own. This would essentially make our project more sustainable. They might be willing to work with us because we would be making something that they are experts in.
    3. We need to build a good relationship with the locals of the Makeni region who already help us with our operations. Since they would have indigeneous knowledge that we can use to refine our systems, this relationship would ultimately benefit our team as a whole. Moreover, they can give us a lot of helpful advice when we are in Sierra Leone that might help us when we are there.
    4. Hospitals within the Makeni region of Sierra Leone would make for an excellent partnership for us as they can help us measure the impact that we are making in the region. Hopefully, we can access data from them and evaluate how we have changed the diets of people in Makeni. They might be inclined to help us because we might share the same goal of reducing growth stunting in the region and eventually the country.
    5. The University of Makeni could potentially be a major partner for us. In the long run, we might be able to work together to educate the locals about our mushroom production process. Together, we could help people grow their own mushrooms at home with materials that they would already own. This would lift people out of poverty since mushrooms would bring them an external source of income. The university might be willing to help us because they might want to expand their affiliations with other universities. We might also share a common goal of making a positive impact in their community which is another reason they would potentially help us.

One thought on “GSIF Blog Post Week #13

  1. Good work – in your design phase I would additionally look into Lehigh grants or smaller scale grants that you may be able to pursue sooner than those you list to help develop your project further. Good specificity with how your partnerships are critical to your project.

Leave a Reply