By both revolution and evolution over the past few decades, startups have placed themselves in a competitive world. "Ideas" and "market timing" take on added importance in a global tech economy, where barriers to entry are lower but expectations of product and service are even higher. For Startups, having a technology partner can bring real benefits.
Startups in the seed-funding or expansion-growth stage can significantly benefit by partnering with Ming Fu. How can they benefit? Below are the salient features and benefits outlined.
Startups typically encounter challenges in quickly building a Minimum Viable Product (MVP). Its success depends on how the MVP goes out into the market and whether investors pick it up to take it to the next level. But many constraints, both in time and funding, can interfere with the best plans and execution. Ming Fu can help by creating better and faster MVPs in constrained or controlled budgets.
One critical element of success is pushing the right product or solution into the desired market faster without compromising quality.
By partnering with Ming Fu, Startups can access and utilize qualified resources that can come up to speed after the conceptual phase and during the actual development phase. Following Agile/Scrum methodologies, Development & QA can complement each other for the desired output.
Ming Fu's long-term relationships and partnerships in India and Taiwan benefit startups materially. Ming Fu can deploy resources with a cap on IT spending. This capability allows our Clients to control or optimize spending by calibrating it with other needs, resulting in increased budget reserves for marketing the product or solution.
Besides the regular engagement models like Fixed Bid or Extended Team Models, Ming Fu offers a unique Engagement model that directly benefits startups. It is Effort Based Billing Only (EBBO).
Ming Fu creates a dedicated team for the Client for a mutually agreed minimum contract period; the Contract can be renewed along with ramp up or ramp down of size based on needs. The best part is, though Ming Fu has dedicated a Team to the Client, Ming Fu only bills for the number of hours utilized. For example, for a dedicated resource who has billed out 80 hours in a month, Ming Fu charges only for 80 hours, not 160 hours customarily done.
Ming Fu empowers Startups by combining three elements into an effective engine for success:
Startups leverage these capabilities to optimize their particular path forward.
With Ming Fu supporting it as a trusted right-hand partner, a Startup overcomes limitations and gains a competitive power. For example: