INSTRUCTIONS

• Word Limit: Please fill in the various sections of the business canvas using point form. Ensure each point is complete, clear, and coherent.
• Clarity and Conciseness: Write clearly and concisely, using language that is easy to understand. Avoid jargon or technical terms that may not be familiar to all readers.
• Originality and Feasibility: Ensure your business idea is original and not a direct copy of an existing product or service. Additionally,the business idea should be feasible and should demonstrate a clear
  path to implementation

     TIME COMMITMENT

• Before beginning, take some time to reflect on your business idea. Consider the problem or need you're addressing, how your solution is unique and innovative, your target market, potential competitors, the feasibility of your idea, the value you offer customers, and the financial aspects involved. By carefully considering these factors, you will be betterequipped to develop a compelling and competitive business concept and complete this form.
• Estimated Time: Completing this form should take approximately 60 minutes. Please allocate sufficient time to ensure you can submit your idea
  by the deadline

UNDERSTANDING THE CHALLENGE

Product or Service

Describe the solution you propose to address the identified needs. What is the core offering of your business?

Unique Value Proposition

Explain what sets your solution apart from competitors. Why should customers choose your product or service ?

Channels

Outline the channels you'll use to reach, promote, and deliver your value proposition. How will you connect with your target audience?

Customer Segments

Identify the specific groups of people you're targeting. Who are the individuals or organisations that will benefit from your solution?

Resources

List the necessary resources, such as equipment, personnel, and funding, that will be needed to implement your business idea.

Revenue Model 

Identify the main sources of income that will sustain your business operations and support the delivery of your value proposition. Clearly define what will drive your sales (e.g., number of units sold × selling price per unit). Provide an overview of your business model and include details on revenue, gross margin, and other relevant financial aspects.

Financial Sustainability

Describe whether your idea can be scaled with or without external funding. Assess its long-term financial sustainability, explaining how it can generate profits over time. Can your model grow without endless external funding, or does it require strategic investment to reach scale? What are your fixed and variable costs? At what point do you break even? Outline your funding strategy.

Impact Goals

Define the desired outcomes of your business idea. What positive changes do you aim to create for stakeholders and the planet?

Impact Metrics

Determine the key metrics that will measure your progress and success in achieving your impact goals.