A Milestone!
Second call? Yes, it was a second call. As Michael being Malaysian real-estate business man, I’m unsure about his interest to invest in my IT project after our last meeting. The amount which I’m looking for isn’t that big. But yes, being at this early stage looking for such amount, it‘s going to be challenging and I stand with no fear.
Believing in myself that is getting me much bolder as I’m confident enough to engage with more new people. Not only that, last week I was asked by my friend to accompany her for a Start-ups event at SCAPE*. That event shared talks about how to publicise a company or product through media, which was way too early measures for my company. But the most trending part about any start-ups event is the networking session.
At start I was bit blunt, but I was able to get in flow and came across Kenneth Lou. He holds his own startup, Novelsys Pvt. Ltd. His team have come up with an outstanding wireless charging sleeve (to read more about this project click here). Anyways moving back to the networking flow He suggested me to apply for iJAM incubation powered by MDA Singapore. So, once I got home, I started surfing for this incubating body.
After doing some surfing, I got to know that iJAM is only providing max $200,000 amount, with free workspace. This killed all my excitement to approach them. Because, my plans is to setup an outsourcing sister company in India where I can built up my platform at half rate of the current salary. Not only that, the outsource company that I will set up in India will have roughly 30%-40% of the team will be working on outside project so, in mean time we will have small earnings to self-sustain this project for the next investment round.
As my investment amount is sort of big for early stage. I was suggested by few people that it would be great if I’m able to conduct pre-sales or gain letter of intends from the targeted Institutions to validate this project. So, I started going to targeted institution but, I was unable to get in contact with a right authority to speak to regarding this project.
There is a say, being positive and confident about something; world magnets will get us positive or relative responses. This is not that hard to be proven, but it’s a stoical process. Two weeks back, Shawn (my business partner) and I manage to have a meeting with PSB Academy’s CEO regarding our projects pre-sales and validation.
It was really new and great experience, proposing UniHub to a corporate customer. There were few small argument that struck during our proposal but, we were able to achieve our goal. Signing up, PSB Academy as our first beta testing institution. And we received confirmation letter from PSB Academy’s CEO stating that they are willing to test our service on group of 30- 40 students for a short period and if they like the performance they would like hire our services.
This was the first milestone of this project. Now, I’m so excited to go around other institution and have more letter of intends. I wish, I meet some right investor soon.