Open call for start-up businesses in travel, hospitality
Open to contestants from anywhere in the world, The WIT Start-Up Pitch is aimed at unearthing and discovering good ideas in the online travel space in Asia Pacific. The competition is for start-up companies with less than three years of operations who strive to move their business to the next level.
The 2009 Start-Up Pitch will be held in two parts. Three finalists will be chosen to pitch their ideas to a panel of investor judges during the Web In Travel conference, alongside ITB Asia on October 20th.
The winner of the competition will have the opportunity to work with investment advisors, Stream Global, to build a winning investment pitch. You will also be able to leverage their contacts within the venture capital industry.
As a bonus, winners will be given assistance by Stream Global to position themselves to receive a Singapore government grant worth S$50,000 in the Interactive Digital Media space should they wish to avail of it.
Four runner-ups will have the opportunity to share their ideas at the "Pitch & Feedback" session during the WIT Ideas Lab on October 22nd and have their business plan work-shopped by a panel of investors with audience participation encouraged. You will benefit from the experience of many wizened individuals from all walks of the hospitality and travel industry, and their ideas will strengthen your proposed business plan to the point that you could possibly take it commercial.
Our panel of judges include: Lim Kim Hai, Executive Chairman of Regional Express Airlines, Australia, Dennis Melka, of East Pacific Capital and Bill Liu, chairman of Stream Global, an investment and consultancy company in the ICT and Digital Media space. More judges will be added to the panel in the coming months.
Your submission must follow this template and be kept within a maximum of two A4 pages.
- Executive summary
- Description of the business, core/products/services
- Key customers and users
- Business & revenue model, strategy for profitability
- Market & opportunity analysis
- Competitive analysis - why is it better than what exists today, how is it unique?
- Finally, 3 reasons why they should invest in your idea
It's pretty simple isn't it? So get cracking on your submission. We can't wait to see what creative ideas you have in store.
ABOUT WEB IN TRAVEL WIT | Web In Travel is Asia’s leading travel distribution, marketing and technology conference. 2009 is the fifth year the conference will be run. It was started by journalist Yeoh Siew Hoon. WIT is different to traditional conferences in terms of content, delivery and attitude. The content is deep, rich and meaningful. The delivery is varied, diverse and impactful. The conference has an attitude that challenges speakers to be at their best – no sales speeches and platitudes, but provoking and thinking – and delegates to question, discuss, debate and challenge. With each WIT, the conversation gets better and the discussion more interactive. In 2007, WIT introduced questions by SMS and allowed audience voting by SMS as well for best debators, best speakers and best pitches. In 2009, we take our presence further. We are using Web 2.0 technology to reach out to an ever widening network of colleagues with similar passion, engaging them through Facebook, Twitter, blogs, newsletters and micro events, WIT*e – Inspiration & Mentoring networking forums, leading up to the main conference to be held on the 20 -23 October, 2009 at Suntec City in Singapore. WIT won the Most Innovative Marketing Initiative in the 2008 Singapore Business Events Awards organised by the Singapore Tourism Board. For more information, please visit .
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