The organisers of Web In Travel (WIT) have confirmed
that the WIT Start-Up Pitch will be conducted for the second time this
year. The panel of investor judges will include two
entrepreneurs/investors who’ve been through the school of hard knocks
Lim Kim Hai, Executive Chairman of Regional Express
Airlines, Australia and Dennis Melka, of East Pacific Capital who is one
of the co-founders of Tune Hotels, Malaysia, have confirmed their
participation in the panel, that will once again be chaired by Bill Liu,
chairman of Stream Global, an investment and consultancy company in the
ICT and Digital Media space. Liu will help WIT organise the competition.
The WIT Start-Up Pitch is aimed at unearthing and discovering good
ideas in the online travel space in Asia Pacific. Last year, three
finalists, Conference Bay, Entrip and Tripfilms, pitched their ideas in
five minutes each and the investor judges’ choice was Tripfilms, a video
social networking site.
Said Liu, “I hope we will have companies
who are willing to use this platform to showcase their ideas and tell
the world about them, even if they are wacky. Actually, often times the
wacky ideas with a sound business plan are the ones that will ultimately
The WIT Start-Up Pitch is open to start-up companies, with
less than three years from start-up, and who are looking to move their
business to the next level.
“We hope to find some new ideas that
will serve the needs of the industry – hopefully not just another portal
but someone with the right application to address the pain points and
using technology including the web to deliver it.”
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. “The condition is that the company has to have
operations in Singapore,” said Liu.
Three finalists will be
chosen to pitch in WIT, The Main Event. Entries that do not make the
final three will be given another platform to pitch their ideas and get
them “workshopped” by a panel of advisors in the WIT Ideas Lab on
October 22-23, running alongside ITB Asia, the B2B tourism exhibition
organised by Messe Berlin.
Those interested in entering the WIT
Start-Up Pitch 2009 should email
email@example.com. The deadline for submission is July 31, 2009.
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