This May, Australia’s most innovative startups will have just four minutes to pitch for the chance to compete at one of the world’s largest pitch battles – OTEC.
Over the coming month, Investible will hold seven pitch battles across Australia and Southeast Asia, to find the most innovative startups to represent their respective countries in the semi finals of the ultimate international pitch battle – OTEC Kunming – with winners qualifying for the finals in Beijing.
As one of the most active early stage investment groups in Australia, Investible alongside local investors and venture capitalists, will judge the most innovative startups based on the founding team, market traction and ability to scale technology into new markets based on the Invisibility Index.
Teams will have just four minutes to pitch and four minutes for Q&A.
Having heard thousands of over-engineered pitches throughout his career, Investible cofounder Creel Price suggests startups should aim to be succinct, speak frankly, with confidence and authenticity, and have an ask of investors with a monetary value.
He said: “If you can’t say what you do in one succinct sentence, that an average person would understand, then chances are the average angel investor won’t understand either.”
The winning startup from each country will receive flights and accommodation to complete at the OTEC 2019 semi finals in Kunming, connections with China’s top venture capitalists, peer to peer networking with other exceptional global startups, and a one-on-one investment meeting with Investible’s investment team.
For the first time in four years, Investible have extended their Overseas Talent Entrepreneurship Conference (OTEC) search to Southeast Asia.
With OTEC being one of the world’s largest VC events, the move reflects Investible’s recent expansion and commitment to supporting Asian startups, with pitch battles to be held in Sydney, Jakarta, Kuala Lumpur, Manila, Bangkok, Singapore and Ho Chi Minh City.
Price added: “There’s often too much tunnel vision focused on Silicon Valley or Tel Aviv. Investors sometimes forget that these Asian nations are just one flight away from Australia, the USA and the UK, and have economies that are uniquely placed to nurture high-growth start-up.”
Startups from around the globe that qualify to for the OTEC finals in Beijing will battle it out for the chance to win 1,000,000 RMB (approximately $150,000 USD) and the opportunity to access a RMB $5 million entrepreneurship loan. The pitch competition not only gives startups the opportunity to secure funding, but to raise their profile in the Chinese region.