- Joined
- Aug 3, 2022
- Messages
- 8
"The difficulty is the opportunity"_ @MJ DeMarco .
I really need your advice Fastlane Forum Members.
I recently discovered an unmet need in my country: Nigeria.
Nigeria was placed second in the global malnutrition burden with 17 million undernourished children. An estimated 2 million children in Nigeria suffer from severe acute malnutrition (SAM), but only two out of every 10 children affected is currently reached with treatment.
To address this problem, i decided to start Ready-To-Use Therapeutic Foods (RUTF) manufacturing business.
Currently, there's a high demand for RUTF in Nigeria because there are no domestic production companies, and only the government and NGOs procure RUTF overseas and distribute it.
In addition, the existing supply chain is very weak and people most affected ate not been reached.
But, there are two problems:
Firstly, the RUTF manufacturing business is capital-intensive. About $350,000 is required to start production.
Secondly, i don't have domain experience in the field of nutrition, and this complicated my ability to raise funds either from bank, or private investors.
What do you think i shall do please?
Currently, I am a first-year medical student.
I really need your advice Fastlane Forum Members.
I recently discovered an unmet need in my country: Nigeria.
Nigeria was placed second in the global malnutrition burden with 17 million undernourished children. An estimated 2 million children in Nigeria suffer from severe acute malnutrition (SAM), but only two out of every 10 children affected is currently reached with treatment.
To address this problem, i decided to start Ready-To-Use Therapeutic Foods (RUTF) manufacturing business.
Currently, there's a high demand for RUTF in Nigeria because there are no domestic production companies, and only the government and NGOs procure RUTF overseas and distribute it.
In addition, the existing supply chain is very weak and people most affected ate not been reached.
But, there are two problems:
Firstly, the RUTF manufacturing business is capital-intensive. About $350,000 is required to start production.
Secondly, i don't have domain experience in the field of nutrition, and this complicated my ability to raise funds either from bank, or private investors.
What do you think i shall do please?
Currently, I am a first-year medical student.
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