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Big Satellite secures 150k MDec Pre-Seed Funding
December 23rd, 2007 | Posted by Pin

One of our Web Developer Alliance members, Mike and Daven, successfully secures 150k through the MSC Malaysia’s Technopreneur Pre-Seed Fund Programme. The fund allows them to develop their Big Satellite business plan into commercially focused ICT projects with prototype and detailed business plans suitable for venture funding & commercialisation.

Founded by Mike and Melvin, Density Professional team up with Daven of iFuzion Interactive to start the Big Satellite project. It intends to provide a platform to educate, inspire and connect Social Entrepreneurs. It highlights stories of Social Entrepreneurs, what they are doing, and how they are benefiting the communities and the environment.


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4 Responses to “Big Satellite secures 150k MDec Pre-Seed Funding”

Mike said:
December 28th, 2007

mikeI tried responding thru the blog but it was kinda down the past 2 days - then I typed in an entry just now and it gave out an error requiring me to fill in my name and email, eventhough I already did. Clicked back, and boom, all my writings gone.

So anyway - I just wanted to say thanks, and to inform all fellow WDA’ians that this funding thing is something they can try. It’s a great experience - you learn a lot just by writing the business plan and doing the research for it, plus you get to meet lots of interesting entrepreneurs.

NoktahHitam said:
August 7th, 2008

Hope to see the real potential of BigSatellite.

I’ve tried asking MSC for money from the Pre-Seed, mind sharing some of your winning tips?

Mike Tee said:
August 15th, 2008

Hi NoktahHitam,

To answer your enquiries - based on our experience, the pre-requisite to getting funding from MDEC is a LOGICAL business model. In other words, it needs to make money that does not depend entirely on advertising revenue. Creating a website that earns income from AdSense will not qualify. Very important to look at your source of revenue - look at things like subscription, or some form or product / service sale, technology licensing, etc.

Once you have the business model - add some form of technology innovation to it. It doesn’t have to be something totally original - adding a twist or an improvement to an existing technology is a start.

Don’t worry if you fail to get thru though; the industry nowadays is so unpredictable that even if MDEC doesn’t approve of your proposal doesn’t mean that it will fail. Twitter for instance - has no business model but look at its success! Plus countless more businesses that employ simple technology but make s***loads of money by offering the right solution to the right audience.

Elevyn’s Marginalized Communities - 1.com.my said:
August 18th, 2008

[...] name is Mike Tee, and together with Devan Singaram, we received a grant from the MDEC Pre-seed Fund Programme to develop the project. The project is also a finalist in the recent Youth Social Entrepreneurship [...]

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