Professional Documents
Culture Documents
My idea caters to a whole range of sectors including IT/ITes and traditional recycling as
well.
2. What impact do you believe your idea will have on your defined market?
(Since this is for public consumption, please do not disclose either your business idea or any of its details.
Please talk of only the end-benefit your business idea can identify with your market that will come about
because of your idea.)
The concept caters to a whole range of sectors ranging from IT/ ITes, BPO & KPO’s,
telecom, the traditional recycling industry and every other sector which has to deal with
electronic waste! Electronic waste broadly includes computers, servers, printers, mobile
phones and even T.V. sets. Big corporations in the organised sector and even SME’s as
well as retailers and traders in the un-organized sector dealing with refurbishing and
trading of electronic items and services can be catered by this idea. Scrap dealers and the
road side organic shops which >>>>electronic parts for metal can be utilized as resources
or raw materials. In India, there is a very less awareness regarding the disposal and
proper handling of E-waste. On the other hand, the EU has passed stringent laws
regarding recycling of electronic waste. As a result, people there a lot more aware of the
issues and problems related with e-waste and themselves demand for environment
friendly products. In no case one of the fastest growing economy- India, can remain in a
state of denial regarding the issues related with e-waste, especially when India’s growth
is very much accredited to IT. Not surprisingly, due to absence of any laws regarding
proper disposal of e – waste in India, it is already being used as a dumping ground by
many of the developed countries. Statistics say that of the 3, 30,000 tons of electronic
waste generated locally only about 0.5% is disposed in an organized manner. This e –
waste recycling more commonly referred as modern day recyclers in England is still a
very nascent industry in this country, with only about five certified companies in the
whole country. Till the time the country has any laws and other established or overseas
companies take notice of the situation, there is a great opportunity to build a solid base
and develop this environment friendly industry. As this is a very immature and upcoming
segment there is no such thing as a competition in this sector. The only thing required
creating a sense of concern with regards to the environment and an awareness of the issue
which is going to be one of the biggest problem the country faces. As per ….<>>>>>
study, India itself is going to generate about 10 mill>>> tons of electronic waste…
Therefore, I believe my idea is going to create a new market of its own in the India. As
and when the awareness grows and there is a sense of political responsibility the sector
would only grow exponentially.
4. What is the Value proposition of your business idea?
(Present your business model and its USPs (including any Intellectual Property and other entry barriers you may be
creating), the specific market & geography segments you will be addressing, et al highlight any validation that you may
have done that supports your proposition. The Evaluating Panel must be able to clearly understand your business
proposition and business model to the opportunity. Word limit: 250-750 words) 346
The biggest cost factor involved in this case is of the technological transfer the company
would have to purchase from a reputed and established player in the industry. Next would
come the cost of machinery and the least expensive would land. As I plan to start by
serving more regular and trustful corporate clients rather than the general masses
publicity would be more by word of mouth and personal interaction rather than
advertisements. The cost factor therefore associated with it would be minimal.
For me this seems to be the best time to start such an enterprise as now recession hit
companies would replace all their power guzzling machines for more efficient ones
generating more e-waste and people also would want the best deal for their scrap. As the
global economic situation improves people would replace their economic electronics to
revert back to better ergonomic products again creating a steady windfall of electronic
waste. Therefore I believe at least in the raw material fund and resources there would be
no great concern and an exponential growth!
Some of the metals that are usually extracted from a regular computer or a mobile phone
are gold, silver, copper, fiber glass, epoxy resins, lead, tin, aluminum, silicon, carbon,
iron etc... Most of these metals and materials then can be sold to smelters or
manufacturing companies requiring these materials. A large number of these resources
can be re used and as mentioned earlier, re sold to the unorganised sector of refurbishing
of these equipments as spare parts or re usable parts.
This industry needs just one resource to be run as a profitable organization and that is
continues and large volume inflow of e-waste. Although this may be a problem initially,
but after stabilizing I believe this concern would be taken care off.
Labour would include local human resources which would require a basic training of
material dismantling and segregation of various components on factors like process and
reusability etc.
8. What are the risks you foresee in your business?
(Explain the risks that you either foresee or are already facing in your business and explain the same, if you can. Do
add the risk reduction strategies planned. Word limit: 100–250 words)
9. What are the Financials (in Indian Rupees) for your business?
(For those with an existing business, please use a table to summarise your past years’ revenues and profits and project
the same for the next three years (if applicable). Also, state the funding you have received to date (whether venture
capitalist, family, etc) and the funding that you are now seeking and how you plan to use the funds. Please give forward
projection of your funding requirements for the next three years. If you are planning a new venture, please give
projected financials, investment sought and plan for use of funds. Word limit: 100–250 words)