The design of the program seems to require universities to sign on-board, as well as a considerable amount of back-end work: databases in different locales, security protocols, and website design on top of any mobile applications.
The creation of a small games software suite is a great idea -- however, such suites do already exist and it is hard to see why combining it with a mobile chatting app would be of any benefit. It might be more feasible to integrate gaming apps directly into an already existent social application, such as facebook or twitter.
Thus the project seems to have too broad a scope and doesn't seem to have any way to make up the costs of the extra work required in building such a multi-featured app.
Jim Collins, in his book "Good to Great", explains the difference between what he calls the "hedgehog" approach versus the "fox" approach. A fox is wily, and knows many things, whereas a hedgehog knows one big thing. It turns out that companies tend to be successful most often when they focus on the one big thing they can do, that outcompetes everyone else. For this to be a viable idea, the project proposal needs to pare down the expected costs, and focus on the one big thing their app can do that will hold its own. Will it be a social app or a gaming app? In 12 weeks it can't be both.
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