Up5 Gaming | Application Preview
Up5 Gaming is seeking government grants to develop a virtual space within the MetaVerse aimed at providing a supportive environment where individuals can connect and escape the complexities of modern life. This initiative includes mental health assistance through a dedicated staff of students gaining college credits while helping others. A portion of the funding will support software development to create applications that aid organizations wishing to enter this space, based on Up5's extensive research and experience.
The business plans to transition over the next five years from an entirely virtual model to a physical location, expanding its software development team to create solutions that assist those impacted by the pandemic, both mentally and physically.
Approval of this funding is justified by the potential for significant positive change in the industry. Unlike competitors who prioritize profit at the expense of staff and players, Up5 Gaming focuses on giving back and empowering its community. With a possibility of exceeding three million in gross income while maintaining low overhead, the organization aims to invest in growth and community support. Currently, they have 42 unpaid interns dedicated to the mission but need funding to turn these plans into reality. Up5 Gaming lauds the collaborative spirit of its team, believing that together they can make a meaningful impact.
Their main competitors are FaZe Clan, Cloud9, and eUnited, but Up5 distinguishes itself by prioritizing the development of its players and staff, ensuring they are equipped for both gaming success and future opportunities beyond the industry.
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General Information
Business Registration Number: Up5 Gaming
Location: New Salisbury, IN, United States
Length of Operation: 1-5
Number of Employees: 26-50 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
This funding will be used to create a virtual space in the MetaVerse for people and players to be able to get away from these complicated times even for a moment. This metaverse will provide a safe space to allow people to truly be themselves with others who may feel the same as they do. This space will also have a staff of members going to school to help anyone in need of mental assistance. This will allow the staff to gain college credits for their degrees. There will be a portion of this funding going to our software development team to help create applications for other organizations that want to do the get into the same business but don't know where to begin because we had to do a lot of research and go through many failures to get to where we are now as there is no other application out there that offers a one stop shop for organizations like ours. The funding will also go to interns looking to make a little income for designing, whether it be digital or physical.
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Business Plan
We plan to grow our business in the next 5 years from being all virtual to having a physical location. We also plan on growing our software development team to have the ability to create software that truly helps people and players that are/were impacted by the pandemic mentally and/or physically via awareness and recovery. I believe investors should invest in our organization because we are doing something that has the potential to change the industry we are in and potentially the world. There are many organizations in this industry but none of which are doing so to truly help their staff and players. They take, take, and take but rarely give back. We believe that this isn't the way it should be done. Yes, income needs to be made for any organization to successeed in this industry, however the overhead is so small for this organization that we could gross over three million and still be able to net two million a year. This will allow us the funding where is truly need to go, to further grow the organization, it's staff and community. Our plans are solid but without investment or funding, we are paddling pretty hard to make this model come to life. Without funding, we have 42 unpaid interns receiving college credits instead of income, ranging from Human Resources to Marketing and Media staff. All of which are completely dedicated to this organization. In the words of Nick Fury (we are needs here), "A man can accomplish anything when he realizes he is a part of something bigger - a team who share that conviction can change the world." I believe we have that team.
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Self Identified Competition
Our top three competitors are the following: FaZe Clan Cloud9 eUnited We are different than our competitors because we put our staff, players and community first. Most of the above competitors take everything from their players. We provide tools to grow our players to not only succeed in this industry today but also prepare them for the future outside this industry.
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Contact Applicant
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