: Enhancing the capacities of SMEs in Northern Ghana to take advantage of opportunities in the digital space in Ghana.

[GENERAL] Name and surname of main applicant

Solomon Salifu

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Co proposers and Additional applicants

Eric Robertson Yaw I

Hawa Nindow

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

3

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Organize diverse online/offline events via GEA, CBOs, mentors in Ghana to educate scattered SMEs on Cardano ecosystem, leveraging on existing networks to streamline mobilization and save time.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No dependancies

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] Please provide here more information on the open source status of your project outputs

Project will be fully open source

[METADATA] SDG rating

SDG goals:

Enhance the development of robust infrastructure, encourage equitable and sustainable industrial growth, and nurture innovation.

 

SDG subgoals:

Enable the establishment of sustainable and resilient infrastructure in developing nations by providing increased financial, technological, and technical assistance to African countries, least developed nations, landlocked developing countries, and small island developing states particularly for small and medium-sized enterprises (SMEs).

 

Key Performance Indicator (KPI):

The overall international assistance provided (comprising official development assistance and other official flows) to support infrastructure development for small and medium-sized enterprises (SMEs).

Universal Human Rights Index (UHRI):

[SOLUTION] Please describe your proposed solution.

Challenge:

The success of business today is highly dependent on Ecommerce and E-business. however, the controlled power of currencies in the African market for transaction limits lots of business enterprises from explorations into higher incomes. One identified problem is the lack of awareness, low level knowledge and understanding about these technologies, concerns regarding the regulatory environment and uncertainty around the legal status of cryptocurrencies in some regions. SMEs may be hesitant to engage in cryptocurrency transactions due lack of clarity on compliance, and consumer protection. cryptocurrencies can be a deterrent for SMEs, especially those operating on tight budgets or with limited financial resources ie, market uncertainties.

 

Proposed Solution:

we will Partner with local and regional business associations that have a broad membership base of SMEs. Work with these associations to organize training workshops, webinars, or seminars on cryptocurrencies and blockchain technology. Leverage their existing networks and communication channels to promote and reach out to SMEs.

we will also organize Industry-specific events and conferences: Identify industry-specific events, conferences, or trade fairs where SMEs from relevant sectors gather. Offer cryptocurrency training sessions as part of these events or participate as a speaker to share knowledge and insights

Organize regional workshops and roadshows targeting specific geographic areas where SMEs are concentrated

finally we will Utilize traditional media channels such as newspapers, radio, and television to raise awareness about cryptocurrency training opportunities. Provide interviews or articles that explain the basics of cryptocurrencies and their relevance to SMEs. Additionally, leverage digital communication channels such as email newsletters, social media platforms, and online business communities to disseminate information and promote training initiatives.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community.

Aims of our project:

By prioritizing community engagement and social impact, Cardano underscores the importance of empowering SMS's with the knowledge and expertise to navigate the Cardano ecosystem. This, in turn, facilitates financial inclusion and encourages innovation through Project Catalyst by involving SME's with diverse interests across various sectors. Empowering entrepreneurship and fostering participation in global markets are additional outcomes, ultimately leading to digital transformation. Given these advantages, Cardano Block

hain emerges as the ideal solution to guide SMEs along this transformative journey.

 

Major activities we will undertake

 

Our project will involve four core activities.

 

local and regional business associations

radio, and television to raise awareness

organize Industry-specific events and conferences

organize training workshops,

The aforementioned activities will take in urban communities, with a focus on reaching an audience of over 2,000 through local and business association and radio listeners. Individuals who express interest and attend the seminar will receive further guidance on the Cardano Ecosystem. Overall, our project aims to achieve the following outcomes by its conclusion:

 

Impact of our project on the Cardano blockchain

Our project aims to drive widespread adoption of Cardano blockchain across diverse sectors of the Ghanaian economy. By targeting all first all urban SMS's, we aim to generate interest and highlight the compelling use cases of Cardano. As a result, SME's from various backgrounds will be motivated to incorporate Cardano into their businesses and transactions.

 

Promote local innovation and active participation in Project Catalyst: This project aims to provide opportunities for over 100 talented individuals to engage and contribute to Cardano Community initiatives, particularly Project Catalyst.

Through our conferences, we will guide participants in downloading and utilizing ADA-related wallets for peer-to-peer transactions. Additionally, we will explain the ouroboros mechanism of Cardano. Participants will also be encouraged to share their knowledge with family and friends, enabling them to easily remit funds among themselves and contributing to increased adoption.

 

Increase membership in the Cardano Ghana Community for idea sharing: By the conclusion of our project, we anticipate a substantial growth in the number of members joining the Cardano Ghana Community. This expansion will foster an environment for individuals to interact, exchange ideas, and contribute to the advancement of Cardano in Ghana.

Establish a foundation for inclusive blockchain participation (Catalyst Home Effect): A key objective of our project is to promote digital transformation throughout Ghana. As a result, we will train ambassadors who will champion this cause. Our comprehensive conferences will demonstrate to business men and women that blockchain technology is accessible to everyone. This knowledge will have a lasting impact as participants continue to share their newfound understanding and experiences with others.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Solomon Salifu, a dedicated teacher, is driven by his passion for sharing knowledge for the benefit of others. His commitment has motivated him to actively participate in blockchain conferences as a speaker, website designer and create tech and blockchain-related content that he shares on many platforms such as CTeil.

 

Eric Robertson Yaw I with a development background and a passionate entrepreneur with high interest in teaching skills and values that can cause a digital transformation.

Hawa Nindow with much experience in project management and organizational ethic coupled with experience in leading Educational transformational move in Tertiary education, will help shape

and structure how our finances are disbursed and utilized for the success of the project.

 

we are confident that the project scope will best fit for our expertise

there will be consistent progress reports as we begin the proejct

[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Project Preparation: local and regional business associations

Duration: 1 month (January 2024)

Estimated Cost: 10,057 ADA

Deliverables:

Project Preparation Plan: A comprehensive plan outlining project activities, tasks, and resource requirements. This includes defining project goals, identifying key business stakeholders, establishing communication channels, and securing necessary resources.

Radio Discussion Schedule: A schedule specifying the dates, topics, and radio stations to be visited for discussions.

Outcome:

Clarity and Alignment: The detailed project plan provides clarity on project goals, activities, and timelines, ensuring all stakeholders share a common understanding of the project's scope and expectations.

Awareness and Information Dissemination: The radio discussions will raise awareness about Cardano Blockchain among the target audience, preparing them for the upcoming seminars.

Intended Outcome:

The intended outcome of the project preparation and radio discussions milestone is to establish a solid foundation for the project, gather valuable insights, and generate interest among the local community

Milestone 2: Street Engagements

Duration: 1 month (February 2024)

Estimated Cost: 11,325 ADA

Deliverables:

Street Engagement Plan: A comprehensive plan outlining activities, locations, and resources required for conducting street engagements. This includes a schedule, logistics, and tailored engagement strategies.

Engagement Materials: Creation of informative and visually appealing materials, such as brochures, posters, or banners, that effectively communicate the key messages of the Cardano Ecosystem. These materials will be distributed during street engagements.

Outcome:

Increased Project Awareness: Directly engaging with SME's will foster inclusivity, allowing them to ask questions and seek clarification about the project.

Intended Outcome:

The intended outcome of street engagements in our project is to create a well-informed and engaged local community that understands the project's goals, benefits, and implications. By conducting businesses engagements and gathering feedback, we will gain valuable insights to enhance our seminar content.

Milestone 3: Seminars and Project Evaluation

Duration: 1 month (March 2024)

Estimated Cost: 10,618 ADA

Deliverables:

Seminar Plan: A comprehensive plan outlining seminar details, agenda, and logistics. This includes topics, speakers, target audience, venue arrangements, and promotional materials.

Seminar Materials: Creation of presentation slides, handouts, and other supporting materials for delivering informative and engaging seminars. These materials will cover the introduction to blockchain, Cardano and its use cases, as well as Project Catalyst.

Evaluation Framework: Development of an evaluation framework to assess the project's outcomes and impact.

Outcome:

Knowledge Dissemination: Seminars provide a platform for disseminating knowledge, sharing project outcomes, and best practices with the target audience and relevant stakeholders. Participants gain insights into the project's achievements, challenges, and lessons learned.

Locals Engagement: Our seminars will foster engagement, discussions, and knowledge-sharing among participants. This promotes collaboration, networking, and the exchange of ideas among a diverse group of participants.

Recommendations for Future Projects: The evaluation report will provide insights and recommendations for future projects based on the outcomes and impact of the current project.

Intended Outcome:

The intended outcome of seminars and project evaluation is to foster knowledge sharing, encourage reflection, and generate recommendations for future projects. These outcomes will contribute to the ongoing development and improvement of initiatives related to Cardano cryptocurrency adoption by SMEs.

Pilot Programs: We will implement pilot programs with a select group of SMEs, providing them with the necessary resources and support to integrate Cardano cryptocurrency into their business operations. Through monitoring and evaluation, we can assess the feasibility of our approach, identify challenges, and make necessary adjustments.

Case Studies: We will document and analyze case studies of SMEs that have successfully adopted Cardano cryptocurrency. These case studies will serve as tangible evidence of the feasibility and benefits of our approach, showcasing real-world examples of how SMEs can leverage Cardano to enhance their business processes.

 

1. Collaboration with SMEs: We will actively collaborate with SMEs, seeking their input, addressing their concerns, and incorporating their feedback into our approac

 

By employing these validation methods, we will gather evidence and insights to determine the feasibility and effectiveness of our approach for SMEs in using Cardano cryptocurrency. This will help us refine and optimize our strategies to ensure maximum benefits and adoption among SMEs.

[RESOURCES] Who is in the project team and what are their roles?

Solomon Salifu:

Team & Cordinating lead:

www.linkedin.com/in/solomon-salifu

Eric Robertson Yaw

Event, Educator and developer

https://www.linkedin.com/in/eric-robertson-yaw-i

Hawa Nindow:

project lead & Adivsory board

https://www.linkedin.com/in/hawa-nindow

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.

Allocated budget for project expenses:

Publicity and Marketing: 1,800 ADA

Radio Station Airtime Payment: 2,414 ADA

Printing of T-shirts and Resource Packs: 5,000 ADA

Renting Space for Seminars: 3,000 ADA

Gadgets for Seminars (Sound System, Projectors, Cables): 3,000 ADA

Accommodation, Feeding, and Transportation of Team: 7,000 ADA

Recruitment and Training of Additional Team Members: 5,000 ADA

Refreshments for Seminar Participants: 3,000 ADA

ADA Tips during Q&A Sessions: 1,200 ADA

Contingency Fund: 586 ADA

 

Please note that the above figures represent the allocated budget for each expense category.

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

For the purpose of reaching out to SMS's in the city of different communities in tamale we have allocated 2,800 ADA for Publicity and Marketing. This budget will cover, reaching out to heads of SME's, the printing of flyers in various sizes and the hiring of graphic designers to create eye-catching designs for social media promotion. We consider effective marketing and publicity crucial for the project's success, as it will draw the attention of the general public, increase participation in the conference, and leave a lasting impression about Cardano in people's minds. The cost of printing and hiring graphic designers will be covered under this fund.

 

Furthermore, printing T-shirts and creating resource packs are essential components of our project. The T-shirts will help generate awareness as people wear them, while the resource packs will be distributed during street engagements to a wide range of individuals. Even those who are unable to attend the seminar will have a starting point for their crypto journey through the resource packs, which will provide interesting highlights about blockchain and the Cardano ecosystem. We have allocated 7,000 ADA to cover the expenses related to T-shirt printing and resource packs.

The rising costs of accommodation, rentals, transportation, and feeding necessitate designated amounts to ensure the smooth execution of project activities in an organized manner. This will allow us to deliver comprehensive education and convey our intended message effectively. Adequate budget allocations have been made to cover these expenses.

 

All other items in the budget have been carefully prepared, considering the current cost of goods and services in the country. Each expense plays a vital role in ensuring that, by the end of the project, over 1000 locals will have knowledge about Cardano blockchain and actively participate in utilizing services within the Cardano community.

The total budget allocation for executin

[IMPORTANT NOTE] The Applicant agrees to Fund Rules and also that data in the submission form and other data provided by the project team during the course of the project will be publicly available.

I Accept