project keexs intro
TRANSCRIPT
Introduc)on to Nigeria’s Challenges My country Nigeria of 170 million people. Some call us the “Giant of Africa” others call
us the “Giant disappointment of Africa” due to the many problems which include: 1. Corrup)on -‐ Transparency InternaSonal deemed Nigeria one of the most corrupt
naSons in the world (33rd most corrupt country in 2013). 2. Crime and terrorism -‐ specifically Boko Haram insurgency 3. Unemployment-‐ 24% of Nigerians are unemployed. Official Nigerian staSsScs say
38% of those under 24 are unemployed, World Bank esSmates closer to 80%. 4. Educa)on and university systems -‐ Low budget allocaSon to educaSon and very
low quality graduates with more preference for foreign educaSon by employers 5. The environment and healthcare-‐ Several oil spills per year in Niger Delta and
average life expectancy is 38.3 (WHO Report) one of the lowest in Africa. 6. Infrastructure -‐ unreliable power supply, poor roads and public ameniSes 7. Women issues – Archaic tradiSons, women discriminaSon and violence. 8. Lack of Civic Pride and Patrio)sm in Nigeria -‐ Nigerians suffers from a deficit of
civic pride and collecSve responsibility. Preference to procure foreign goods 9. Decep)ve Fraud -‐419 crimes: The stories and experiences are endless worldwide
What's the Possible Solu)on: “We the ci)zens need to take more individual and collec)ve ini)a)ves towards correc)ng some of our social issues (Economy & society ) rather than siXng around complaining and wai)ng for our leaders to solve everything– Jide Ipaye”
My Contribu)on: Build a world class footwear brand that will have manufacturing setup in Nigeria, creaSng economic empowerment opportunity for thousands as well as giving 10% of all sales towards correcSng some of our social challenges first in Nigeria, Africa and then Globally.
How to Achieve this: 1. 1st Sept to 4th Dec 2015 -‐ Crowd fund to raise the total sum of $3,000,000 2. 6th Dec 2015 to 30th June 2016 –Launch brand and products, Outsource iniSal
manufacturing to Europe & Asia and build a strong local & internaSonal brand 3. 6th Dec 2015 to 30th June 2016-‐ Acquire world class knowledge and skills to build
world class factory in Nigeria 4. 1st July 2016 – Setup world-‐class Footwear Plant in Nigeria and commence
1. Get Gov. support & concessions 2. Start with simplest product line & ramp up producSon ( flip flops, sandals, espadrilles, sneakers) 3. Sell, sell, sell ( increase sales and 10% contribuSon to social causes) 4. Latest 1st Dec 2016 – Assemble & ship the world smartest Shoe made in Africa! 5. 2017 Export to Africa and the rest of the world
The Keexs Project Impact Strategy
Our social impact will be delivered the i3 way: 1. Inform: Keep telling the world about the
social issues that exist
2. Inspire: Tell stories of society influencers and and inspire others about their social concerns
3. Invest: Focus on sustainable & scalable projects –Teach them how to fish & not give them fish!
Keexs Project Visionary Milestones
1st Sept 2015 Pre-‐Crowd Fund Launch • Raise
2million backers in 60 days (ImplemntMarket & brand strat)
• Keexs Admin & team ready
4th Nov 2015 End of Pre-‐Crowdfund Launch
• Get 2 mill. backers in 60 days (Facebook, twijer, linkedin, Instagram, Youtube blogs,Print ,TV,Radio, Internet…)
5th Nov 2015 Crowdfund campaign Launch • Run on
kickstarter • 50% of
$3m stretch goal in 10 days
• 70% in 20 days
• 100% in 25 days
5th Dec 2015 End of Crowdfund campaign • $3m
stretch goal achieved
• News update, thank everyone & remind of launch
6th Dec 2015 Official Keexs Brand Launch • $100+
backers to ajend/VIP
• Sell online (keexs portal/market places)
• Sell offline Recruit Agents/Resellers
6 Dec ‘15 –30 Jun ‘16 Reinforce Keexs Brand • In 6-‐8wks deliver all
backers promises • Outsource manufct. • Start SLEM Masters
& conduct R&D • Prod Dev., Sales &
markeSng, stocking • Arrange LogisScs
for Tech partners for factory setup & Nigerian Gov. Suprt
1st July 2016 Setup Footwear Plant in Nigeria • Get Gov. support
& concessions • Start with
simplest product line & ramp up Sell, sell, sell
• Start social change programs
• Latest 1st Dec 2016 – Assemble smart Shoe in Africa!
1st of Sept 2015 1st of Dec 2016
Crowd funding Campaign Reward Structure Backer sums
Product Perk 1 Perk 2 Perk 3-‐General Reward
Possible ProjecSons
$10 Thank you T-‐shirt!
Keexs branded T-‐shirt with strong markeSng message and maybe name of buyer included.
• Keexs Hall of Fame • Keexs Community • Become Agent/seller
100k backs x $10 = $1m
$20 Flip-‐Flops Limited EdiSons
SAME 50,000 backs x $20 =$1m
$50 Sandals,sneakers & Espadrilles
Customer can choose just one out of the range of products
SAME 20,000 backs x $50 =$1m
$75 Sneakers SAME
$100 Sneakers ( leather material)
Guest invite to product launch
SAME 10,000 backs x $100= $1m
$150 Sneakers X 2 SAME SAME
$250 Sneakers x 3 + Flip Flops x2
SAME SAME
$500 2 x All products SAME SAME 2,000 backs x$500 = $1m
$1,000 LifeSme subscriber
Can choose 1 of each style at launch. Can choose 2 shoes from all new collecSons for life
SAME SAME
$5,000 Design your own shoes
Create shoe brand as Keexs subsidiary, launch at party, work with us to create design
SAME SAME
$3 million Fund raising milestone approach Funding Stages
Amount Milestone Accomplished Timelines
1 $25,000 Launch limited ediSons and supply promises to backers 5 products ( T-‐shirts, Flip-‐Flops, Sandals, Espadrilles& Sneakers)
Achieved over 12 months
2 $75,000 Unlock almost 15 color combinaSons of exisSng collecSons and adding more products including mid tops and high tops
3 $150,000 Unlock range of Sports footwear ( football, running , walking e.t.c)
4 $250,000 Setup Keexs Technical and InnovaSon Center in partnership with SLEM – Footwear Academy, Footwear profiling services, Footwear R &D for Nigerian and African market, 3D scanning, 3D prinSng Building local skills prior to seung up of factory.
5. $350,000 Unlock custom footwear products including orthoScs , insoles and special needs footwear
6 $500,000 Setup factory in Nigerian and commence producSons , Sales and 10% social contribuSon
7 $1,000,000 ProducSon of the first smart shoe in Africa ( for the blind, sports enthusiast and health conscious people )
8 $3,000,000 Commercial exportaSon of all Keexs product to Africa and the rest of the world 2017
Social Projects & PotenSal Strategic partnerships No Challenges Poten)al strategic
Partners Possibly Sustainable Ini)a)ves
1 CorrupSon Whistle blowing, Documentaries & PosiSve global corrupSon raSng iniSaSves
2 Crime and Terrorism TBA maybe UNDP TBA – Shoes for boko haram vicSms
3 Unemployment & Poverty AlleviaSon
Leap Africa, Fate, Kiva, Keexs Acad.
Entrepreneurial, Social enterprise trainings, Micro lending, Keexs Academy & Jobs
4 EducaSon TBA. Keex Footwear Academy with SLEM
Develop affordable online educaSonal systems in line with global standards
5 Environment & Health TBA TBA
6 Infrastructure Off grid sustainable power and water soluSons with employment opportuniSes
7 Women and Children TBA TBA
8 Lack of PatrioSsm TBA TBA
9 DecepSve Fraud TBA TBA
We intend to focus on lean administraSve overheads and projects that are sustainable and can refund themselves awer iniSal investments. We may also start
with just one or two projects and scale up over Sme
Keexs Business Launch Team
Jide Ipaye (Nigerian) Founder & CEO
A visionary and a salesman with a heart. What an awesome
combinaSon!
Bukky Adewolu (Nigerian) Financial Controller
No penny unaccounted for under her watch. Shrewd and analyScal.
Behold our bean counter!
Erik-‐John Koevoets (Dutch) Visuals Director
He evokes emoSons and acSon with visuals and he has been doing this for 30 years. Can you believe
that!
Uzo Okoye (Nigerian) Brand & Comms Director
He’s got vast experience across the markeSng communicaSons disciplines.Absolute genius!
Eva Klabalova (Czech) Designs Director
She eats footwear design and ethical footwear
producSon for breakfast, lunch & dinner!
TBA (Nigerian) Social Change Director A great
personality with
business acumen and also a humanitarian.. how touching!
Moyo Olowo (Bri)sh) Interna)onal Markets Director A sneaker head and a restless soul; He is our uncle travelling
Maj!
Kabaccha Shoes on Kickstarter
• Funding period: Feb 2nd -‐ Mar 14 2015 (40 days) • 1,571 backers pledged $417,856 to the project
Colorful, comfortable & affordable leather shoes hand-‐crawed in Italy by
arSsan shoemakers.
They are Just Colorful shoes with no Impact.. We will make Keexs fun and
colorful …but we can do a lot more! We can raise the $3million dollars and create a posi)ve impact in Nigeria, Africa and the Rest of the
world
Founder’s Proposed Recipe for Success • I have been blessed with a diverse background; a Bsc graduate in Microbiology from
the University of Lagos and garnered over 14 years experience in InformaSon Technology, ConsulSng, Strategy (previous work experience in mulSnaSonals Guinness and Total) as well as founding 3 startups: – Torque Technologies – Business Minds – And 3CNET – Google me up “ Babajide Ipaye”
• Ajended Sneaker design course at SLEM insStute in Waalwijk,Holland. The only insStute in the world for Footwear innovaSon that has pioneered 3D footwear prinSng as well as included sensors in Shoes that can talk to you and your phone
• Shot a 3-‐minute video pitch whilst in Amsterdam, being edited & ready in 1 week. • Business incorporaSon internaSonal & Nigeria with World-‐class business launch team. • Designed footwear collecSon and securing outsourced manufacturing engagement • Enrolled for 9 month masters in footwear innovaSon program at SLEM starSng in
November 2015 to learn: Footwear Manufacturing technologies, Footwear Design, Footwear forecasSng and Footwear Business modeling
• Engaged the Services of the Best crowdfunding consultant based internaSonally and has led several previously successful projects.
• We will also be partnering with NGOs, Media, Private sector, Government and as many people as possible that believe and are willing to support this iniSaSve.
Roadshow to 10 University Campuses in Nigeria!
I will embark on a road show to 10 University campuses to speak with at least 1,000
students in each university and
get their support for this project by telling their friends to join the social media groups as well as making pledges towards the project.
Jide shares vision at SLEM Footwear innova)on ins)tute in Waalwijk, Holland 10th Aug, 2015 ( L-‐R) Jide Ipaye-‐project visionary, Nicoline Van Enter-‐ Professor at SLEM and course mates
• First of this kind of project in Africa! Global exposure on this project as we will reinforce with all forms of Media (Radio, TV, Print & online) and speaking events (online and offline).
• Periodic free offers/samples on new collecSons as well as contribuSons to Product Dev.
• RecogniSon in the Keexs Hall of fame as a backer of this project • Exclusive Keexs Community membership with opportunity to play at
least 1 of 3 roles: – Ambassadors: Partner with us to drive a social cause you believe in – Agents: Exclusive reseller of our products and make great margins – Designers: Partner with us to design new footwear and innovaSve soluSons.
• Share with us your current skills and we compare to our project needs..volunteer work is preferable.
• There may be job opportuni)es awer successful project launch
• Join facebook Page and invite other friends. We need 2 million fans within 60 days i.e 1st sept to 30th October
• Back the crowdfunding project with at least $50 . We launch 30days crowdfunding campaign from 5th of November to 5th of December on www.kickstarter.com .
• Engage Social media and fans to to pledge $30 at least! By paying a minimum average of $30 to pre-‐order products or get rewards. i.e if 5% of the total fan base contribute $30 each we can raise $3,000,000 ( i.e 2million x 5% = 100,000 x $30)
• Similar project called Kabaccha shoes on kickstater achieved about $400,000 this year (please Google “kabaccha shoes kickstarter”)
• Upon achieving our $3m goal we will enter the Guinness book of records as the highest funded shoe project as well as first African made smart shoe.