Digital Passive Income for NPOs and Social Enterprises

Combine smart vending machine and digital ads tech to create passive income and retail channel for NPOs and social enterprise

Photo of 宸謙 黃
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Eligibility

  • Yes, I fulfill all of the eligibility criteria.

Initiative's representative name

Huang, Chen-Chien

Initiative's representative date of birth

1989-05-14

Initiative’s representative gender

  • Man

Which eligible market are you based in?

  • Taiwan

Where are you making a difference?

SAME and Asia region

Website or social media url(s)

https://www.facebook.com/XinZhan.IoT/

When was your organisation founded?

August/2015

Focus areas

  • Helping people adapt to technologies of the future
  • Creating digital tools

Project Stage

  • Start-Up (first few activities have happened)
  • Growth (have moved past the very first activities; working towards the next level of expansion)

Yearly Budget: How much capital do you need to accomplish your proposed project?

  • $1mil - $5mil

Organisation Type

  • For-profit
  • Hybrid
  • Social Enterprise

1. Founding story: Share a story about the "Aha!" moment that led the founder(s) to get started or the story of how you saw the potential for this to succeed

XinZhan is a social enterprise which aiming to change the donation experience. During these years we found that most NPOs are facing the same problem, lack of stable income and retail channel for their charity sale product. Smart vending machine, automatic retail and digital ads display network have become the rising industry in these years. When we first saw the possibility of creating a digital passive income and a new automatic retail channel, we were happy to propose a great idea. By setting up smart vending machines and renting cargo channels to different NPOs, we can solve these problems sustainably.

2. The problem: What problem surrounding employability or financial capability are you helping to solve?

XinZhan is a social enterprise which aiming to change the donation experience. During these years we found that most NPOs are facing the same problem, lack of stable income and retail channel for their charity sale product.

3. Your Solution: How are you planning to solve this problem? Share your specific approach.

Using IoT techniques to create new business model for NPOs. Also make digital revenue shares easy to calculate. Phase 1 1.Expand vending machines location 2.Corporate with NPO tenants 3.Trial Operation Phase 2 1.Start charity display network 2.Complete vending machine logistics operation Phase 3 1.Mass expanding vending machines location 2.Upgrade to charity display network to interactive digital ads.

4. How are you innovating or using unique approaches to solving the problem?

Using IoT techniques to create new business model for NPOs. Also make digital revenue shares easy to calculate. smart vending machines business model is beneficial to all parties involved, it could: for Government - Collaborates with non-profit sector - As a extensive policy announcement platform - Turns into fundraising platform or national distribution channel or when emergency occurs for NPOs
 - Lowers the barrier of building retail channel, users pays policy - Creates revenue shares for NPOs based on the profits of individual vending machine for Business Corporations
 - Enhances corporates brand image. - Makes consumers aware of the connections with social issues - reaches more audience on the new display network.

6. Financial capability: how is your organization or project creating innovative solutions that arm people with ability to optimize their current and future financial health

XinZhan propose a new idea to help NPOs create passive income and new retail channel. We set up smart vending machine and connect vending machines' screen to our display network. Then rent cargo channels to different NPOs, and the ads fee will be divided to the NPOs who rent the cargo channels. By doing so, NPO will have: 1. new retail channel 2. divided ads fee 3. reach potential customer This will help NPOs to create a stronger and more stable income.

6a. Please describe what aspect of financial capability your organization is focused on fostering and how you have measured / plan to measure progress.

we focus on helping NPOs to develop passive income. Income ,smart vending machines and ads fee are the indexes we measure our progress.

7. Marketplace: Who else is addressing the same problem? How does the proposed project differ from these approaches?

so far no one. NPO are group of people aiming to solve most difficult issue for mankind, however most of the time they use passion and enthusiasm as only tools. We believe technology is the third tool NPO should be using, so XinZhan are trying to let technology tool as one of the option for NPO.

8. Impact: How has your project made a difference so far?

We have designed various machine for NPOs, and collect more than 3 million NTD so far. And we're now marching to build a smart vending machine system. XinZhan propose a idea to create a passive income for NPOs and social enterprises, we believe that the key to create sustainable ecosystem of NPO is to properly import business into charity. The idea we proposed will not only be aiming to solve the existing problems, but also to inspire more people to solve NPO’s problem by new business model. We are the seeds of change-making!

9. Financial Sustainability Plan. Can you tell us about you plan to fund your project and how that plan will be sustainable in the short, medium, and long term?

XinZhan propose a new idea to help NPOs create passive income and new retail channel. We set up smart vending machine and connect vending machines' screen to our display network. Then rent cargo channels to different NPOs, and the ads fee will be divided to the NPOs who rent the cargo channels. By doing so, NPO will have: 1.new retail channel 2.divided ads fee 3.each potential customer This will help NPOs to create a stronger and more stable income

10. Team

Huang, Chen-Chien CEO, founder of XinZhan IoT, full-time, Master of Nano Engineering (NTHU, Taiwan) Ho, Hsin-Yi CTO, founder of XinZhan IoT, full-time, Master of Computer Science (NTU, Taiwan) Huang, Lin-Ai Designer and Multi-media producer, full-time, Bachelor of Multi-media design (CJU, Taiwan) Hsieh, Chia-Yun Business Development and Project Researcher, full-time, Master of Sociology (NCTU, Taiwan) Chang, YY Project manager , full-time, Bachelor of Management Information Systems

How did you hear about this challenge?

  • Email

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