|Funding Required||RM600,001 to RM1,000,000|
|Description||A mobile socialise application enhance with the feature of chatroom, reminder, bookmark, My Sav*(applicable on Android only) & sharing multimedia content. This application act as a daily organiser to user.|
|Business Opportunity||For users experiences, chatroom serve as the platform for users to communicate and share. Whilst, bookmark, reminder & My Sav* will be the enhance features to keep/store and manage the important information for user. Each keep/store information will be in pages accordingly.|
|Revenue / Business Model||To generate primary income, getting advertisements from third parties to promote in our application is important. In order to make it happen, volume of user is vital part for a application to convince potential client to advertise with us. Therefore, a right marketing strategy need to be execute to boost the numbers of users.
Secondly, income come from the application itself, a page of voluntary contribution able to generate secondary income.
Third, this is the most interesting part as do our users number grow, a new generation of advertising feature will add into this application whenever our download statistic reach substantial amount. Whenever user use this feature, a chargeable fees is applicable. We will make advertising as convenient as possible on users finger tip.
|Management Team||This application was supported by a team of reputable software developer from India. For time being, it does not need any server maintenance work force; as virtual server provider do cover up this part. As user expand, self-owned server might be needed to accommodate large number of users as storage with existing server provider is limited.|
|Company Background||Idea initially was founded in year of 2014. As steadily progress, a company was founded to take over the application on July 2015.|
|% Equity Allocation||30%|
|Risks and Mitigation||Competition will take place whenever any others mobile application follow our feature and repackage into their own feature. Therefore, a copyright or trademark need to be drawn into our features.|
|Exit Strategies||To be discuss|
|Company Name||MYMATE SERVICES SDN BHD|
|Business Address||Solaris Mont Kiara Jalan Solaris 4 50480 KL|