Start-Up businesses, or Start-Up wannabes with
great ideas are being encouraged to enter the WIT Start-Up Pitch,
a competition that will see their ideas presented to a panel of
Have you an idea for a start up in
travel or hospitality? Have you written a business plan? Do you
lack funds for the plan? If so, the WIT Start-Up Pitch could well
be the ideal
competition for you.
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
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.
As a bonus, winners will be given assistance by Stream Global
to position themselves to receive a Singapore government grant
worth Sin$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
The 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 are expected to be added to the panel in the
The competition closes on 31 July 2009.
Submissions should be sent to
The Producer, WIT - Web In Travel.
The submission must
follow the template outlined below and be kept within a maximum of two A4 pages.
1. Executive summary
2. Description of the business, core / products / services
3. Key customers and users
4. Business and
revenue model, strategy for profitability
5. Market and opportunity
6. Competitive analysis - why is it better than what
exists today, how is it unique?
7. Finally, three reasons why they
should invest in the idea.
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