The Angel’s Gate is Asia’s very own version of such entrepreneurial reality shows, and they just launched the show today (19th October).
The format of these shows are similar — entrepreneurs will get a chance to impress the top angel investors in Asia and receive an investment from them. They include the likes of William Klippgen, founder of Tigris Capital; Patrick Grove, ranked one of Asia’s best young entrepreneurs; branding and marketing guru Ken Mandel; and Karan Singh Thakral, a veteran entrepreneur in consumer electronics.
They’re all decked in spiffy white suits — in keeping with the show’s name, but don’t be fooled into thinking that they’ll always be nice and smiley. This is a reality show after all, and the judges are there not just to dispense wisdom, but also to entertain and provoke.
And see which entrepreneur has guts and resolve.
Philippa Lett, the British-accented host of the show, promised that we can expect “more than one Simon Cowell on the program.”
I’m hoping for some fireworks.
Anyway, while the show’s format is familiar, there are some important innovations too. Ash Singh, founder and CEO of InteractiveSG, the company that created the show, says Angel’s Gate is taking a 360 degrees approach. Besides television, the show will come to life on both the web and mobile.
Viewers can expect a total of eight TV episodes, which will launch in January, as well as 30 webisodes.
Another thing that sets the show apart from others is that entrepreneurs can sign up on the website to canvass for votes and source for crowd-funding, which works on an all-or-nothing system. They can even seek team members online.
The most popular entries will then appear on the show, where they’ll to pitch to the Angels, who’ll decide on the spot if they should receive an investment from the AngelFund. Entrepreneurs that get rejected can refine their business idea and resubmit it through the website.
The deadline for this round of submissions is 31st October.
Ash has big dreams for Angel’s Gate. He has set a target of reaching out to over 100 million viewers, including at least 500,000 aspiring entrepreneurs and 10,000 applicants. So far, about 30 percent of participants are Singaporeans, another 30 percent are PRs and expats in Singapore, with the remaining coming from the rest of the world.
“There’s even one guy from Dallas, Texas,” said Ash.
Where ever the participants are from, I’m sure the judges and viewers are looking forward to brilliant pitches that will set the screen on fire. If this show takes off, it could go some way in promoting entrepreneurship in Asia and beyond.
Link to full article