Investment and Funding

We are seeking a total of $1 million for initial startup cost, which will primarily be invested in the curriculum development as well as hiring professional tutors. The hiring process of the tutors consist of the tutor screening system and the tutor feedback system for students to rate their tutor. In order to minimize cost, the tutor will maximize their availability by teaching as many courses as they are available. Besides, the administrative team will be working remotely and the development team will be hired locally. On top of that, this initial ask will cover our marketing expenses, for instance, hiring influencers on social media to collaboratively promote our platform etc. Also, the cost of maintenance is included as well.

Startup Costs breakdown:

Curriculum and Tutor-selection system Development: $40000

Tutors: $40000

Marketing: $10000

Maintenance cost: $10000