Travel Startup Knockdown+
Presented by OTM & TravHQ
OTM Forum brings the best minds from India and Asia’s travel industry on one platform, offering everybody in the travel ecosystem invaluable networking opportunities with potential partners, buyers, investors and mentors.
What is Travel Startup Knockdown+?
Startup Knockdown+ is an initiative by OTM & TravHQ to highlight the emerging travel technologies across various cities in India. This new level of battle provides an opportunity to companies at various stages of development, be it an early-stage venture, a fast-growing travel startup or an innovative product by an established travel company. It's a chance to showcase their big idea at Asia-Pacific’s largest travel show, in front of the industry’s leading minds.
The sessions will take place in the main conference area, in front of the eyes of the OTM Forum speakers and attendees. Got a great product to sell? Do it in front of the travel leaders from India, Asia and beyond. Check out our speakers.
The Innovator Showcase is crafted in the event to give you the best learning experience and enable networking with potential investors, mentors, buyers and partners.
Are you eligible to join?
You can apply to be a part of the Travel Startup Knockdown only if:
a. Ideas and concepts pitched are in the initial stages of development or have been in existence since last 1-4 years.*
b. Individuals or teams disclose any funding already received at the time of registration.
c. The pitched idea or concept is the original work of the individual or team pitching it.(* Subject to relaxation by TSK moderators)
What’s in it for you?
As a travel startup, you get unparalleled exposure on the global stage of the leading travel show in Asia-Pacific in front of the travel industry’s leading minds. All startup contestants receive:
- 8 minutes on the OTM Forum stage (demo + Jury feedback)
- URL and logo on the OTM website
- URL and logo on the OTM mobile app
- Inclusion in all program schedules
- Pre-event article in Travel News Digest featuring all startups
- Pre-event, on-site and post-event event promotion
- Coordinated social media campaigns
- Video recording of on-stage demonstration
The Winner gets the Most Innovative Travel Startup Award, Rs. 10 lakhs worth of sponsorship/branding opportunities at OTM, BLTM, TTF and Travel News Digest.
Things You Need to Know
Pitch: The objective of the pitch is to simply define the idea or concept by explaining a product, service, or value proposition in a short duration of time (5 minutes presentation).
Within the time limit, it should cover the following:
i. Product or Service – Briefly describe the product or service.
ii. Value Proposition – How is the product or service going to add value for travellers?
iii. Target Market – Who will be buying the product or service?
iv. Market Size – How big is the target market?
v. Differentiation – How is the product or service different from existing competition? What is the competitive advantage? (patent, algorithm, unique service model, etc.)
vi. Revenue Model – How will the product or service generate revenue? (sales, subscription, advertisement, etc.)
vii. Revenue Estimate – How much to expect to sell in the first year of business? Read more
Note: Pitch competition is not a “sales pitch.” Although, the judges want to see passion and energy from the entrepreneur(s) pitching, please DO NOT try to “sell” the product or service to judges. Judges are not thinking about buying the product or service, but understand the value proposition of the idea or concept.
Time: Time is of the essence. There are five (5) minutes allocated to each individual or team pitching an idea or concept. There are three (3) minutes allocated for a Q & A session with the judges. In total, each individual or team pitching will have eight (8) minutes maximum; five (5) minutes to pitch the idea or concept and three (3) minutes to answer questions from judges and get valuable feedback. Time will begin when the presenter begins to speak.
Other Guidelines: All shortlisted startups for #StartupKnockDown will be asked to share their presentations in PPT & PDF format with the organizing team by 15th January 2020, 23:59 hours. All the final presentations are to be submitted at firstname.lastname@example.org by the mentioned date.
The TravHQ and OTM team will be carrying the final presentations to the event. No presentations will be accepted during the event.
Individuals or teams can display/share/show their prototype or samples during the presentation. Materials may not be distributed to the judges or the audience during the pitch.
Confidentiality: Confidentiality is not guaranteed in any way. Do not include confidential material in your submissions. There is no way for TravHQ/OTM or its Organizers to enforce a prohibition of other competitors, audience members, or judges who see and hear a pitch competitor’s materials from sharing the idea and/or materials.
Non-Disclosure Agreements (NDAs) between a competitor and the judges and/or audience members will not be required or allowed.
Sharing your idea or concept may be deemed a public disclosure, so if you are interested in filing a patent, you may need to consult with a patent attorney before entering the competition.
OTM Event or its Organizers are not responsible for any confidentiality issues that may occur during the course of the competition and will not be involved in any way with disputes arising therefrom.
OTM Event or its Organizers may take photographs and/or video of any materials used or made available by pitching individuals or teams during the competition for public relations purposes. Any content presented by a competitor should be considered public knowledge.
Competitors may exclude any proprietary information or materials that the competitor feels is at risk of disclosure.
Disclaimers: Ideas and concepts deemed by TravHQ & OTM to be fake, insincere, offensive, immoral, or unethical may be screened and disqualified.
The TravHQ & OTM team has the sole discretion to disqualify and/or remove any individual or teams for any reason that it deems appropriate before and/or during the pitch competition for violation of these rules. All decisions regarding an individual’s or team’s removal and/or disqualification from the pitch competition are final.
WE ASSUME NO RESPONSIBILITY TO ENSURE THE CONFIDENTIALITY OF ANY INFORMATION DISCLOSED DURING THE COMPETITION.
₹ 15,000* for Travel Startup Knockdown
₹ 40,000* for Travel Startup Pavilion + Knockdown
₹ 40,000* for Travel Startup Pavilion + Knockdown
*exclusive of 18% GST