Financial Model and Tax for ImmiCan.Ai
Project scope
Categories
Accounting Financial modeling Financial services Risk, audit and compliance Organizational structureSkills
target market value propositions balance sheet income statement cash flow statements cash flow forecasting financial modelingThe goal of this project is to create a financial model and tax structure for ImmiCan.Ai, a startup focused on facilitating the economic integration of immigrants. This will involve several different steps for the students, including:
- Learning about the company's mission, product and services, target market, and unique value proposition.
- Analyzing the company's current financials and developing a financial model for the next three years.
- Developing a tax structure for the company that is compliant with local and international regulations.
- Researching potential investments and grants to support the company's growth.
- Developing a budget and cash flow projection for the next three years.
By the end of the project, students should demonstrate:
- Understanding of the company's mission, product and services, target market, and unique value proposition.
- A financial model for the next three years that includes income statements, balance sheets, and cash flow statements.
- A tax structure for the company that is compliant with local and international regulations.
- A budget and cash flow projection for the next three years.
- A report outlining the findings and recommendations.
- Mentorship and Guidance: Assign experienced mentors to provide regular guidance and expert insights on finance and tax-related topics.
- Access to Resources: Ensure students have access to necessary software, tax calculation tools, and relevant textbooks or online materials.
- Feedback Sessions: Conduct regular feedback sessions to review progress, address challenges, and provide constructive criticism.
- Collaboration Tools: Facilitate the use of project management and communication tools for effective teamwork and project coordination.
- Technical Support: Offer technical assistance to help students overcome specific challenges related to finance and tax calculations.
Supported causes
Decent work and economic growthAbout the company
Representation
Diversity and inclusion
Categories highlighting this company’s ownership and values
Minority-Owned BIPOC-Owned 2slgbtqia+-owned Social Enterprise Immigrant-Owned Community-FocusedExecutive Summary of ImmiCan
Overview:
ImmiCan, under the leadership of Saad Khan, founder and CEO, is an innovative startup at the seed stage, focused on facilitating the economic integration of immigrants.
Mission:
ImmiCan is dedicated to accelerating the settlement process for immigrants, providing a streamlined platform where they can receive guidance and access essential services.
Product and Service:
Our product is a AI assistant designed for immigrants to overview a roadmap and connect with businesses. This assistant guides them through the process of settling in a new environment, connecting them with various services offered by businesses on our platform.
Target Market:
ImmiCan targets global immigrants seeking assistance with economic integration and business owners looking to offer their services to this demographic.
Unique Value Proposition:
ImmiCan stands out with its dual-component platform: an AI assistant tailored for immigrants and a comprehensive front-end suite for business owners. This combination addresses the needs of both immigrants and service providers in a single, integrated ecosystem.
Technology:
The technological backbone of ImmiCan includes Front End development in Reach, Back End in Flask, a Postgresql database, and servers currently hosted on AWS/Azure. We are considering a shift to dedicated servers for enhanced performance.
Team:
The core team comprises CEO Saad Khan, Head of IT Yasir Mohammed with over 20 years of IT business experience in Italy,