The top 5 submissions will be invited (travel and accommodation will covered) to present their Flying Donkey Business Model to the jury and participants of the 2014 Flying Donkey Challenge.
This competition is designed to encourage individuals, or groups, to imagine flourishing new businesses due to the availability of low-cost Flying Donkeys capable of shipping sizeable cargo between communities and to remote locations. How would you justify to your bank manager or investor the acquisition (or rental) of a Flying Donkey or even a fleet of them? What new revenues could you generate with them? What new business opportunities would open up for your community or venture?
Assumptions:
- Legal to operate Flying Donkeys between communities with at least one high school (size) and remote sites (e.g. construction)
- Range = 50 km (“as the crow flies”) under one hour
- Flying Donkey purchase price = US$ 2’500
- Can travel over 50’000 km over 5 years without a major breakdown (amortisation)
- Total flying costs = US$ 0.40 per km (energy, spare parts, staffing, logistics, training, insurances, taxes, certification, etc)
Deliverables:
- Executive Summary (2 pages max)
- Compact Business Plan (e.g. using The Business Model Canvas) with value proposition, market size, forecasts, financials, environment, etc
- Exhibits (10 MB max)
- 10’ Presentation (if selected)
Criteria to win the sub-challenge:
- Business potential and sustainability
- Direct and indirect job creation
- Economic and social impact
- Partnerships
- Return on capital