12 August 2008

Do you have that blockbuster online travel idea?

SINGAPORE - The deputy CEO of Singapore's Media Development Authority and general partner, IDG Ventures SEA, have joined the panel of investor judges for WIT-Web In Travel's ââ¬ÅâœThe Start-Up Pitchââ¬~.

Michael Yap who is concurrently executive director of the Interactive Digital Media (IDM) Programme Office responsible for driving Singapore's IDM Research & Development agenda and Frederic De Bure, who was recently the MD of eBay and is now general partner, IDG Ventures SEA, will join William Liu, chairman of Stream Global, on the panel.

They will select three finalists to pitch their ideas during the WIT conference taking place in Singapore on October 21-22.

WIT, in association with PhoCusWright, has also extended the deadline for entries to ââ¬ÅâœThe Start-Up Pitchââ¬~ to August 31, due to enquiries and requests it has received from interested parties.

The competition is open to those who think they've got a unique and differentiated idea for a start-up in the online travel space or to companies who are already in start-up mode and are looking to take their business to the next level.

The judges will review the entries and pick three finalists who will be given their opportunity to pitch their ideas in front of a live audience during the conference. Audience voting will be conducted via SMS.

The winner will win a Professional Development Program (PDP) from the Cornell-Nanyang Institute of Hospitality Management (CNI) scholarship worth US$2,500 (valid for 2009) as well as the opportunity to take their winning idea to the next level with the investor judges.

Interested parties should send submissions to: The Producer, WIT-Web In Travel, admin@webintravel.com, subject: ââ¬ÅâœThe Start-Up Pitchââ¬~.

Submissions must follow this template and be kept within a maximum of two A4 pages.

ââ¬~¢ Executive summary

ââ¬~¢ Description of the business, core/products/services

ââ¬~¢ Key customers and users

ââ¬~¢ Business & revenue model, strategy for profitability

ââ¬~¢ Market & opportunity analysis

ââ¬~¢ Competitive analysis ââ¬' why is it better than what exists today, how is it unique?

ââ¬~¢ Finally, three reasons why they should invest in your idea

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