- Refine the detailed income statement for your venture for two years (at six month intervals) or a more appropriate time scale. Explicitly state the assumptions that underlie your financial model.
2. Refine the Business Model for your venture based on your revenue model. You may use the Osterwalder BMC to refine your business model but prepare one or more visuals that explain how your venture will work and accomplish your BHAG.
3. Develop an M&E plan for your venture.
- Clearly list all assumptions.
- Identify short-term and long-term success metrics.
- Identify specific methods to measure the metrics.
Metrics of Success
- Maternal Mortality
- Maternal Mortality
- Number of people tested positive, and then pursued treatment
- Number of districts / countries
- Expansion into other Sub-saharan countries
Short Term – collected by DM on the ground reported back to Lehigh time digitally, along with PDFs of original documents
- Catchment Population
- Number of PHUs onboarded
- Number of people tested positive
- Number of test strip boxes sold
- COGs and Overhead costs
- Number of women tested
- Number of clinics
- Develop a detailed income statement for your venture for two years (at six month intervals). Explicit state the assumptions that underlie your financial model.
Total overhead costs and returns are relatively stable compared to the past. However, this is difficult to accurately project due to the fluid nature of the current pandemic that is adversely impacting the global financial market. Given this high level of uncertainty, it is nearly impossible to estimate the conditions several months in advance at this point.
2. 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.
Out of Design Phase
- Crowdfunding campaign during Summer 2019. This is a good fit for the venture because it shows the commitment and validity of the venture as a whole and allows us to achieve one of the main goals of the operation: a self-sustaining method of funding. Although this crowdfunding campaign is not directly self-sustaining, it contributed to the implementation of Ukweli Test Strips in Sierra Leone through the community health worker backbone that will create a self-sustaining system of revenue.
- World Hope International matched the crowdfunding campaign contribution. This is a good fit because of the aforementioned reasons above, but it also shows the commitment of WHI and formalizes that meaning of the word “partnership” to a greater extent than what was previously established.
3. 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.
- World Hope International – provide logistical support to the Ukweli operation as they are a well-known nonprofit organization with a presence already established in Sub-Saharan Africa.
- Community Health Workers – these form the backbone of the Ukweli system by a CHWs inherent level of trust and credibility within their communities. By leveraging this partnership, Ukweli is able to gain credibility with the people it aims to serve.
- Sierra Leone Pharmacy Control Board – approval from the organization allows Ukweli to legally distribute the test strips within Sierra Leone
- Sierra Leone Ministry of Health and Sanitation – Formal partnership still needed in order for the Sierra Leonean government to eventually take over the Ukweli system and manage its operation
- Liberian government- preliminary proposal in the works to expand into Liberia, the support of the Liberian government will be needed in order to make this partnership permanent and allow Ukweli to reach millions more people.