I need help with this group project. We have decided to do Wine Distributor as the business and the target market is middle to upper class. Choose a business for your plan. Select a target market for your initiative and indicate why this market is appropriate for your product or service.
Their businesses also take on pressing real-world problems — ranging from an overabundance of solid waste to an under-supply of living-wage jobs.
Every year, dozens of social venture startups enter annual competitions sponsored by universities, government agencies and other organizations. Winning these contests often means a fat cash prize and technical assistance, as well as welcome attention from potential new investors and customers.
The competitions provide a snapshot of the diverse ways creative young business people around the world are striving to do good by doing business.
Often these entrepreneurs have developed a deep understanding of a specific local problem in order to come up with a solution that will succeed on the triple bottom line of people, planet and profit. The startup sells bio-digesters and composters to corporate offices, hotels and university campuses, and then operates them for the customer.
Organic waste is processed to produce methane for energy generation, while other trash is sorted and sent for recycling. Both services reduce the expense of trucking waste to landfills. After training, these workers manage operations including sorting organic from non-compostable waste and operating the composters and digesters.
The jobs offer a regular living wage, safe working conditions and skills the women can take to future employment. Founded by a team of students from the University of Houston, the company acquires used electronics from e-waste recyclers.
It uses a solvent-based system, which it claims is less expensive and hazardous than other currently-used methods, to recover valuable rare earth elements from the components and sell them for re-use. Mobile Monitoring Station Among the health-related social ventures in recent competitions, Chile-based Mobile Monitoring Station won the Intel Global Challenge for its system of wearable sensors for the mining industry.
Attached to the jackets of mine workers, the gear monitors worker health and mine safety and pushes the data to a smart phone. Disease Diagnostic Group Malaria sickens millions and kills hundreds of thousands of people every year, but most forms respond to treatment when diagnosed in time.
Disease Diagnostic Groupfounded by Massachusetts Institute of Technology graduate student John R Lewandowski, is developing a lightweight portable device that health workers can carry into remote communities to do quick, accurate testing for malaria.
The machine magnetizes a blood sample in water and sends a laser through it to detect malaria parasites in less than a minute. First Access Mobile phones remain a popular economic development tool for social ventures.
Lenders can use the service to evaluate the credit risk of applicants more quickly than the traditional bank process.
The process increases profit margins for lenders, according to First Access, while also helping millions of people who have no banking history gain access to business loans. First Access is partnering with telecom operators this year to test the service in Tanzania, and intends to offer the easily-scaled service in the rest of Africa as well as Asia and Latin America.
Martin LaMonica is a Boston-based reporter covering energy, technology, business and the environment. The technology and innovation hub is funded by BT.
All content is editorially independent except for pieces labelled advertisement feature.
Find out more here.Global Business Ventures (GBV) focuses in creating ethical foundation for a sustainable growth. We at GBV, believe in maintaining quality of business and creating long-term value for both customers and stakeholders. Business Trends Global venture capital rides high on Chinese unicorns the well-known Silicon Valley venture capital group.
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