10 Tips for MDeC Preseed Funding

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Presented by Keng Yew (www.socialtalk.com) and Mike Tee (www.elevyn.com) during BarCamp JB, 7 December 2008.

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10 Tips for MDeC Preseed Funding

  1. 1. 10 Simple Tips Events. Community. Ticketing. Want RM150K for your Web2.0 idea? MDEC Pre Seed Funding
  2. 2. 1 <ul><li>It all starts with an Idea - Viral Social Networks? / Google 3.0? </li></ul>Events. Community. Ticketing.
  3. 3. 2 <ul><li>Application Form </li></ul><ul><li>Appry for Preseed with good England </li></ul><ul><li>Follow the Format provided </li></ul><ul><li>Simple concepts </li></ul><ul><li>Point Form </li></ul><ul><li>200 Applications per batch! - Make MDEC’s life easier and they will make yours easier… </li></ul>Events. Community. Ticketing.
  4. 4. <ul><li>Revenue Model - Show them the MONEY! - Who? How much? </li></ul>3 Events. Community. Ticketing. FREEMIUM?
  5. 5. 4 <ul><li>Competitors – direct and indirect. </li></ul><ul><ul><li>“ I don’t have competitors!” </li></ul></ul>Events. Community. Ticketing. VS
  6. 6. 5 <ul><li>Technology Innovation </li></ul><ul><li>– MDec funds technology </li></ul><ul><li>- [tip] enhance an existing technology/ value add to a service? </li></ul><ul><li>– no content sites please </li></ul>Events. Community. Ticketing.
  7. 7. 6 <ul><li>Business Innovation </li></ul><ul><li>Cost & Revenue strategies </li></ul><ul><ul><li>short (6months) </li></ul></ul><ul><ul><li>mid (1year) </li></ul></ul><ul><ul><li>long term (2 years +) </li></ul></ul><ul><ul><li>Exceed Expectation </li></ul></ul><ul><ul><li>On Par </li></ul></ul><ul><ul><li>Below Expectation </li></ul></ul>Events. Community. Ticketing.
  8. 8. 7 <ul><li>Interview – present simple ideas! </li></ul><ul><li>3.2.1. Rule - Explain your Business in </li></ul><ul><li>3 Sentences </li></ul><ul><li>2 Minutes </li></ul><ul><li>1 Phrase they can easily repeat </li></ul>Events. Community. Ticketing.
  9. 9. 8 <ul><li>Time & Pace yourself! </li></ul><ul><li>10 Minutes! - Interview sessions have strict time keeping </li></ul><ul><li>Pace yourself – don’t become a talking machine. </li></ul><ul><li>Hold a water bottle~ </li></ul>Events. Community. Ticketing.
  10. 10. 9 <ul><li>Are you sure someone is going to buy your product/service? </li></ul><ul><li>Bring - Letters of Support </li></ul>Events. Community. Ticketing.
  11. 11. 10 <ul><li>Memorize important facts /figures </li></ul><ul><li>Be polite. </li></ul><ul><li>Be confident. </li></ul>Events. Community. Ticketing.

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