Tuesday, May 6, 2008

We got funded!

The most difficult thing, in our minds, is to get pre-seed funding when all we got is only our idea and passion. Fortunately, we got to know of a funding scheme by MDA (IDM Programme Office) call microfunding. This scheme is especially created for startups like ours and so we applied.

The process was fairly simple. We got in touch with one of the appointed business mentor (FrontEdge Capital) that is helping MDA manage the grant. After a few months of discussions, business plan fine tuning and of course paper writing, we manage to pull the whole thing together and put in a proper proposal. Thankfully, we got funded! The team was really relieved after knowing this....

The funding is going to be really useful for us to develop a working prototype of our idea. With the money problem temporary solved, we can focus on building the best product we can. More about that in future updates.

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