Wastech

www.wastechbd.com

https://drive.google.com/file/d/1RxaG2sd56uNjxk6cR2FvqT5e28qo7XYJ/view?usp=sharing

Detailed Plan Report of WASTECH

The fact is nobody wants to keep the dust in specific dustbin in our country. We throw the dust here and there. This major problem causes soil, air, water pollution and health diseases. In this large populated country, it is actually impossible to aware every single person about this by government. But it is high time we stopped our heinous act to nature. If we don't stop this, it will ruin our future. On the other hand, we don't use what is recyclable. So, this problem is getting bigger.

Waste Scenario:

Bangladesh has been listed as 137th in rank between 140 countries all over the world in Global Livability Ranking 2017.Everyday almost 4500 tons of waste are reproduced only in Dhaka but the total waste collection rate is only 37%. When waste is not properly collected, it will be illegally disposed of and this will pose serious environmental and health hazards to the Bangladeshis.

Based on the present total urban population, per capita waste generation rate is found at 0.41 kg/capita/day in the urban area of Bangladesh. Existing infrastructure for waste management showed that waste collection efficiency in different urban areas varies from 37% to 77% with an average of 55%.

Solution:

Wastech is a one-stop 360-degree platform to customize your waste into desired products with budget friendly buying or selling option. Customers can create their own shop or business from our website. Our tagline is “Trash into Cash” with a motto of “Waste is not waste until we waste it.”

Features:

Blockchain technology in our supply chain.

One to one video reference of products

Live location tracking will be there.

B2B2C business strategy.

Customer Base-

B2C - Nature & environment lover, household people who love to use recycled products & craft items

B2B - Environment concerned garments, restaurants, small businesses etc.

In terms of segregated waste collection, we are targeting B2B waste generators like garments, restaurants, cafes, clubs, factories etc. as we can get a large volume of raw waste. On the other hand, we are targeting B2C buyers to increase sales for high range profit maximization. We are targeting rural crafters for our production as they have interest in crafting and dedicated to earn their livelihood.

Target Market Details (Url: https://www.thedailystar.net/)

·       Total Available Market: 4.5 BILLION USD/year

·       Serviceable Available Market: 63% of TAM (2.83 BILLION USD/year)

·       Serviceable Obtainable Market: 25% of SAM (70.8 MILLION USD/year)

And our main target customers will be those who are interested in generating cash from waste, think about the environment and love crafted products.

How the idea is solving air pollution:

Our air tracking app Wastech will continuously give updates on how the air quality is. And constantly purify the air. So, anyone can easily check that and be cautious about their own safety. On the other note, while they are purchasing recycled crafts, unconsciously diving into a habit and the whole customer journey make them satisfied to live a greener life. Our idea will directly create an impact on SDG 7, 11 and 13

Bangladesh has been named the world's most polluted country for PM2.5 exposure while Dhaka has emerged as the second most polluted city in the 2019 World Air Quality Report.  

Although Bangladesh has seen a small progress compared to the 2018 rankings, its air is still unhealthy. 

Despite various government policies to address the issue, Dhaka's air quality has fallen from where it was two years ago. The United Nations says PM2.5 density should not top 25 micrograms per cubic meter of air in any given 24-hour period.

Being among the world's megacities of 10 million people or more, the annual average PM2.5 concentration in Dhaka's air in 2019 was 83.3 micrograms per cubic meter.

Value Proposition

Long-term health effects from air pollution including heart disease, lung cancer, and respiratory diseases such as emphysema will tend to cause lower than ever. Outdoor air pollution which can cause asthma also have a significant impact on productivity which is proven. So, simply by reducing air pollution we will be able to work on both physical and mental ability. Individuals will work on reducing air pollution by making lifestyle changes. Ground-level ozone which lead to reductions in agricultural crop and commercial forest yields will lessen. People will be able to inhale fresh air in which will make them more concerned about the importance of cutting down pollution which will lead them to take our services.

Our focus is to work on three SDG which are 7. Affordable & clean energy, 11. Sustainable cities & communities & most importantly 13 which is climate action. By maintaining our services properly people will have affordable & clean energy which will show change on the whole outer look of any city or community & when every city will connect to it, we will be able to take proper climate action and that’s how we will be able to save our world from pollution and finally from global warming.

We believe that waste is not waste until we waste it. So, the less product we produce the less the air pollution will be. All we need to do is teach people to use our up-cycled products which will be user-friendly and reasonable. By creating the daily habit of tracking air condition regularly will make them more responsible and focused against air pollution. Because of our uniqueness people will be attracted to our robobin for proper trash dumping & receive incentive which will make them eager to let no pollution happen at all.

The change is going to phenomenal because it is going to affect the human life, environment, biodiversity and economy at the same time.

Key Resources

The most important key resources for our service are technological support. We take constant feedbacks from our consumer. Distribution channel for our waste collection service is directly robobin based and for e-commerce platform. We delivery every up-cycled product as a company. The availability of raw materials that we require is huge waste and basic technological devices. Our key partners for this project would be Oleek, UNDP Youth Colab, Impact Hub, DNCC etc.

Uniqueness:

There are many competitors like Waste Concern, Garbageman, AT Plastic Industry, Azizu, Prizm Bangladesh Foundation, Made In Bangladesh etc. But most of their products are not unique in design also comes with a high price. We will not only be their competitor, but also their partner as well because they do not own a diversified recycling platform. We will be the one where every recycling business and interested person will come under one roof.

Secondly, from starting to end, we will use blockchain and record full video of product making to send it to the customer. We want to make it 100% clear. Here your waste is directly working as a cash incentive. This is the most unique features. Also, we will contact with some of our partners to take waste and give them direct value. Like in transportation if you give 5 plastic bottle you will get a 10taka discount on your full journey. If the fare is 10taka, you are getting it totally free. Just the customer has to show his app and id name to the supervisor.

The specific problem is there’s no such ideas that can be implemented by a central community with certain amount of profit and that’s why people are taking waste lightly and neglecting its’ proper value. In our solution, people are giving you their ideas for their satisfaction that we are making their ideas into reality and giving them incentives. That’s how more people will be interested to join the recycling army.

We can also expand to other countries in Asia and Europe as they have several companies who lack in providing proper services and craftsmanship. We will be the perfect solution of those kind of businesses.

Value to the Community and Society at Large 

First and foremost, this application will create a revolutionary change in peoples’ mind. It will be filled with positivity towards waste as anyone who will be using this will count waste as an asset, not a waste.

As a result, whenever you have a waste, you won’t throw it away on the road. Rather you will collect it and think how creatively you can customize it. In return, you are getting credit for each customization or selling in our platform. In case you do not own any customization idea, you can simply check our thousands of sample ideas and can choose one from them. This credit will be added on Wastech wallet. It can be used to recharge your mobile, online shopping or direct cash out which implies directly trash into cash.

The impact on the crafters will also be significant. People with amazing craftsmanship ability can apply to work with us on project basis. Also, we will give training materials to rural women crafters to utilize their skills properly. We believe their potential and social value of waste reducing will reach across the border.

1. Working opportunity: When we will start to produce products from different categories waste like organic waste, e-waste, plastic and recyclable waste etc then there will be a huge number of working opportunities for the people in the field of Product management, Advertising, Sales and Operation, HR etc.

2. Better Environment: It will create a better environment for the future. We are polluting our country and world by throwing waste. It should be changed as we are gradually moving towards the natural disasters that we cannot even imagine.

3. Business Diversity: Through our products, we will connect with different types of markets and interest of the community. Like when we will make pencil holder or paper from waste, we will explore the stationary field. As we are promising 100% of waste management, we will connect our company with almost every single sector.

Cost Model:

The cost will be maintained depending on the necessity of our users. The amount of waste they generate will be recycled on regular basis.

Revenue Model:

It will be famous when we will do some social campaign with full of influencer endorsement. We will have our brand ambassador to promote our business. We will dropship our products to other countries as well. We believe it will be famous abroad too.

Our primary revenue model is e-commerce where we take 20% from our vendors on each transaction. Our ancillary revenue is based on CSR and eco advertisements.

Functionality & Features:

Our main targeted users will be environment concern people and craft lovers. We will be using SEO and CPA marketing to get connected with our beloved consumer. Blockchain will secure everyone’s data. Live traction will meet customer satisfaction.

Our products are user friendly, light weight, eye catchy, full of crafts and affordable. We can supply huge bulk quantity orders. We will make patents of designs from our clients and website so that no one can easily copy them. In our store we will keep some sample work for our B2B Customers who want to check it and ensure the quality in real life. If people wants then we can give contactless delivery. Our full delivery system will be according to time. After placement of the order, the consumer will get a confirmation mail and message. Then we will send the full product re-checking and packaging video to that consumer. If he confirms us, then we will call him from our customer service and give a live tracking link with which he can check where the parcel is and when it will arrive.

Proposed model:

1. Reward as your behavior

2. Concentrate on white knight policy

3. Cash out through account

4. Savings and insurance

5. Lessen third party market

6. Govt. Policy support

7. Advertising deals

8. Recycling cadre recruitment

Transparent and controlled transactions: Blockchain has no intermediary (e.g., a bank). It results in faster and more transparent settlements, as the ledger is updated automatically. Payment conditions can be pre-programmed automatically, including the visibility of a transaction, so that it can only be visible to the authorized participants.

Preapproved transaction fees. When making cross-border payments with Swift, the commission for the transaction is deducted only after the transaction completion — or, to be more exact, upon running through a whole number of the intermediary banks, which have been executing this transaction. In case of blockchain, you know the fees beforehand.

Auditability: All the transactions are immediately visible to authorized parties, meaning no one can tamper, delete or conceal any information added to the blockchain.

Reliable: Due to its distributed nature, blockchain does not have a single point of failure. Besides, all the transactions processed on the blockchain are immutable and irrevocable, further eliminating the risks of fraud. Our recycled final products are also packaged with recycling material which ensures environment safety first.

Existing Operations

Wastech created a revolutionary change in peoples’ mindset positivity towards waste as anyone who will be using this will count waste as asset, not waste. As a result, people will collect waste rather than throwing away and think customize it wisely. In return, they are getting credit for each customization or selling in our platform. The impact on the crafters will be significant as they can work with us on project basis. We trained 30+ rural crafters for recycling and ensured a monthly average income of 100-180 USD. We have served 5000+ customers while 70% of them got incentives. We have 7 different category products, almost 30+ in number.

https://drive.google.com/drive/u/0/folders/15D_pkgprS9SVKOosD-SD22lK-UacQaE_

Our vision is to ensure 100% recycling of trash in Bangladesh and turn it into a zero-waste country and mission is to bring psychological change in the behavior to waste positively. We want to serve 5 million people, incorporate with 20000+ waste generators, go to global market and raise series A round fund in the next 5 years with an achievement of waste treatment more than about 40% produced every single day in Bangladesh. We plan to arrange International Trashion Show in collaboration with UNDP, Youth Co:Lab. We initially planned this in 2021 but had to postpone it due to the outbreak of COVID-19. We now look to arrange it in this year by using recycled clothes with our existing garments partners.

Within 2022, we want to establish as the fastest growing e- commerce in waste recycling sector in Dhaka and also move to other cities. Our target is to achieve 50000 sales and 10000+ subscription. We want to get a national fund and work directly with the local community. We want to go to Growth Stage and make our own hub in every district of the country. We will be happy to share 50+ local and international recycling brand products with our consumer in the end of 2022.

Bangladeshi Space Agency Data

We collected how many waste is produced in each year and how much is being collected.

The hackathon journey was so amazing. We researched a lot and worked relentlessly. We learned a lot from this hackathon and implemented this in our project.

https://www.thedailystar.net/

#wastech #trashintocash #wastemanagement #recycling