AI-Powered Proposal Generation Platform: mytender.io
In the realm of digital transformation, mytender.io, an AI-driven platform, is making waves by revolutionising the complex and time-consuming government tender processes. With the potential to save organisations up to £150 million, mytender.io is poised to disrupt the market.
The platform, which operates within a Virtual Private Cloud with comprehensive data security, aims to address the challenges faced by bid teams, such as the 3-6 weeks spent on tender submissions, high costs, and limited revenue opportunities. The average bid requires 38 hours of writing time, a significant chunk of resources for any organisation.
One of the biggest challenges for bid teams is finding up-to-date answers, a problem that mytender.io seeks to solve with its AI capabilities. The platform is also designed to reduce bid writing time by around 75%, offering a 50% cost saving and driving 15% revenue growth for clients.
mytender.io's strategic partnership with the largest UK public sector tender portal grants it exclusive access to over 50,000 organisations. This partnership is a testament to the platform's potential and its ability to streamline the procurement process for infrastructure scale government contracts, which can be long and resource-intensive for suppliers.
The University of Southampton has waived any potential claim on IP for this startup, a vote of confidence in mytender.io's innovative approach. The co-founder and CTO, Jamie Horsnell, anticipates a period of rapid revenue growth for the company.
Despite the promising outlook, mytender.io is seeking investors with the skills and connections to enable them to scale at pace. The total addressable market in the UK across construction, IT, facility management, and energy sectors is £530 billion, making the market opportunity significant.
However, success will depend on mytender.io's ability to innovate, comply with regulations, and effectively compete in a market where digital solutions are increasingly sought after. Regulatory compliance and adoption barriers are challenges that the platform must overcome.
Smaller companies, often locked out of applying due to lack of staff time, stand to benefit greatly from mytender.io's services. The platform's AI capabilities can level the playing field, making the tender process more accessible and efficient for all.
Fuel Ventures led the initial pre-seed investment for mytender.io, indicating a vote of confidence in the platform's potential. As the company looks to the future, it aims to expand beyond local or national markets, targeting international markets where similar challenges exist.
For potential investors, mytender.io can be contacted via email at [email protected] or through their website. The company is committed to meeting the evolving needs of government procurement, with a focus on delivering efficiency, cost savings, and growth.
- The digital transformation platform, mytender.io, plans to invest in artificial-intelligence capabilities to tackle the challenge of providing up-to-date answers for bid teams, aiming to reduce bid writing time by 75% and drive 15% revenue growth for clients.
- To scale at pace, mytender.io seeks experienced investors who can offer not only finance but also valuable industry connections, given the £530 billion total addressable market across various sectors in the UK.
- In order to maximize growth potential, mytender.io also aims to expand its services beyond national markets, targeting international markets where the tender process poses similar challenges for businesses.
- Embracing technology in venture capital, mytender.io has partnered with the largest UK public sector tender portal, providing exclusive access to 50,000 organizations, and streamlining the procurement process for infrastructure scale government contracts.
