Please tell us more about how partnerships could be critical to the success of your innovation
Building partnerships is critical to the success of our innovation. An integral part of “1000 Women” innovation centers on creating partnership relationships with other like-minded organizations that focus on empowering women in developing countries, especially in Africa for its WRAP.
“1000 Women” offers a technological tool that can significantly enhance the success of hands-on programs that assist women in developing countries, especially in remote regions. These organizations may be limited to face-to-face interaction – challenged by poor roads, lack of infrastructure and communication. “1000 Women” with its digital audio program offers them the capability of expanding their reach and increasing the effectiveness of their programs.
“1000 Women” is seeking to build working partnerships with women’s organizations so it can expand its implementation of its life-enhancing innovation to help reduce poverty and to expand the economic equality of women using its innovative digital audio program.
We would like to learn more about how your initiative is financially supported. Please explain your business plan/revenue model
“1000 Women” is in the development and implementation stage. Our funding to date has not been sufficient to meet its needs, but we are consistently working to network and to build relationships to support our innovation.
1000 Women has a multi-faceted revenue model with multiple streams of revenue, including Visionaries with special recognition on the website with donations of each $1000 or more; individual donors primarily through online utilizing NetworkForGood application for one-time or recurring donations of any amount; donors at fundraising events and other face-to-face events; grants from foundations, individuals and other funding sources; corporate sponsors, either monetary and in-kind goods, e.g. audio players, batteries, computers, etc.; information provided by mentors in the form of intellectual property; and donations of in-kind services, such as the corporate sponsorship course, assistance with grant procurement, and more.
In addition to the preceding, 1000 Women has also developed presentation materials to solicit funding from grants provided by private foundation and other such sources whose purpose is in alignment with the purpose of this social enterprise. For a sampling of audio information modules (AIM+) developed primarily for at-risk women in the US go to http://www.1000womencanchangetheworld.org/Empowering_Women.html.
Corporate sponsors seeking to build their image and reach emerging markets, especially with technology in developing regions, is another source of funding for 1000 Women. This organization is also seeking in-kind goods and services from technology companies. This includes products, such as audio players, batteries, computers, etc. and services, such as telecommunication services, website hosting platforms, etc.