Photo - Festyline
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Festyline

Site for creating online festivals

Russia, St. Petersburg City
Market: Entertainment
Stage of the project: Prototype or product is ready

Date of last change: 03.04.2020
Rating
equalizer from 2000
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Idea

Our product allows you to quickly and easily create 3D festival space (food court zones, master classes, markets, etc.), fill it with interactive content (videos, links to sites, etc.), publish on the landing page and organize communication between participants and visitors through chats and video conferences

Current Status

We have an MVP

Market

If to count only big event agencies in US + Europe + Russia - it will be -aprx. 4000 clients,
80% want to integrate new technologies. So the minimum market could be 2700 clients or 9 720 000 $ a year

Problem or Opportunity

More then 177 countries are now infected with COVID-19, a lot of them are under quarantine. Many events have been cancelled, a lot of people stay at home, local businesses lose money.

Solution (product or service)

Festyline is builder of online festivals. We let residents, event organisations and local businesses create together interactive 3D online festivals to continue having fun and communicating even on a distance.

Competitors

Socialtables, USA
inxpo, USA
OnlineEXPO, Russia

Advantages or differentiators

Exterior solutions, the ability to choose any site, modern communication solutions between
participants and visitors


Finance

We need 150 000$ and the payback point will be in 13 month

Business model

Subscription

Money will be spent on

Marketing, work of the team, payment for services integrated in the site (zoom, etc.)

Offer for investor

30% from net profit

Risks

That after long quarantine people would be thirsty to live communication and for some period will not use online services, on the other hand people might get used to online life and it will become a good habit

Incubation/Acceleration programs accomplishment

No

Won the competition and other awards

No

Photos

Photo 1 - Site for creating online festivals

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video