MIT Solve

Solution Overview

Solution Name:

Virtual Companies

One-line solution summary:

An unbelievable platform to grow your ideas into firms and passion into profession. A virtual environment for creators and achievers.

Pitch your solution.

The highest population of people our solution will serve is young graduates, students and potential-aspiring Entrepreneurs.

Our solution will impact people with a passion(art, photography, filmography etc,). Our solution will mainly impact the whole of society in rising it up from poverty.

Our solution will give them a platform to excel in their passion and turn it into a profession. Our solution will give an opportunity for people to grow their idea and venture into Entrepreneurship. Our solution will help people to grow their practical education and increase employment through employ-ability.

What specific problem are you solving?

A whole lot of people are experiencing unemployment because of unemployability. Many fresh graduates are unemployed. Many don't have the necessary guidance and resources to follow their passion or open their own firm.

We are solving the problem of fear in following their passion. We are solving the problem of limited resources in building an idea into firm from scratch.

What is your solution?

Our solution is a virtual platform in the form of app and website. We let people register their idea and passion. We use recommendation system to recommend people with same interest as the idea. As the creator of the idea will build his team and assign them task in developing the idea. By this fresh graduates get a chance to work on their preferred subject practically. In meantime, the creator will get practical experience in building and managing a team. Managing the operations of the company. And developing his idea into a great product or service.

As the creator and his team prepare their prototype or service plan we come in. We help them search and pitch to a suitable investor. Then we register them into a firm or organization and then help them in mending their legal terms and business plan.

This provides the fresh graduates practical knowledge in the operation of a company and expertise in their subject and increases employment with employ-ability. This also increases the number of Entrepreneurs (employers). This gives an amiable window for the passionate amateurs to work together and master their abilities.

Who does your solution serve, and in what ways will the solution impact their lives?

The highest population of people our solution will serve is young graduates, students and potential-aspiring Entrepreneurs.

Our solution will impact people with a passion(art, photography, filmography etc,). Our solution will mainly impact the whole of society in rising it up from poverty.

Our solution will give them a platform to excel in their passion and turn it into a profession. Our solution will give an opportunity for people to grow their idea and venture into Entrepreneurship. Our solution will help people to grow their practical education and increase employment through employ ability.

Which dimension of the Challenge does your solution most closely address?

Enable small and new businesses, especially in untapped communities, to prosper and create good jobs through access to capital, networks, and technology

Explain how the problem, your solution, and your solution’s target population relate to the Challenge and your selected dimension.

My target population is young graduates and students.

In what city, town, or region is your solution team headquartered?

Bangalore, Karnataka, India

What is your solution’s stage of development?

Concept: An idea being explored for its feasibility to build a product, service, or business model based on that idea

Who is the primary delegate for your solution?

Akshay S P