Entrepreneur reality show Angel’s Gate, airing 6th Feb, sees $500k investment offer

Updated: 2nd February, 2012

If you’re a big fan of shows like Dragon’s Den and Shark Tank where venture capitalists gobble up clueless entrepreneurs on TV, then you’ll love this one.

Angel’s Gate, Asia’s very own version of such entrepreneur programs, is set to air next Monday (6th February) on Channel NewsAsia at 8pm Singapore time. Ash Singh, founder and CEO of InteractiveSG, which produced the show, revealed that the judges have offered a deal of as much as half-a-million on the program.

No reality show is complete without auditions. For Angel’s Gate, the auditions come in the form of elevator pitches. Quite literally, entrepreneurs enter an elevator where an angel investor stands waiting, and they have only 30 seconds to impress or go home.

One such entrepreneur who passed the test is Chee Yen Lim, CEO of Micropoint Technologies. His product is a drug delivery needle so small that it’s invokes no pain when pressed on a person’s skin. He made the ultimate sacrifice — by demonstrating it on himself.

Chee is appearing on the first episode of the show.

Another entrepreneur that will make an appearance is John Fearon, founder of DropMySite.com (see product feature), the audition was a true Mother-of-God, nerve-wrecking experience. He told me that his mind was a total blank when he went into the elevator, and he had to rely on his countless rehearsals to get the pitch done.

“The cameras in the elevator made it a different experience,” he said.

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