For start-up communities or companies out there, there is one competition that shouldn’t be missed. ASEAN E-Media Startups Competition is a medium to bring forward and choose technologically innovative individual/companies to further enhance their project. USD10,000 equity-like loan wait the winners!!

The detail of this competition taken from the contest page.

The finalists will be invited to the capacity building workshop to sharpen their business plans, the output of the workshop will be rated and the winners will receive incubation supports as well as USD 10,000 equity-like loan for seed/startup fund per venture.

Who’s eligible

● Internet-based independent media startups in ASEAN focusing with mininum 6 months of existence.
● Demonstrating measurable and scalable social social impact.
● Example; News site, bloggers network, video podcasting and other innovative models using new media tools such as twitter and feeds.

Key Selection Criteria

● Innovativeness
● Social impact
● Financial sustainability
● Scalability
● Ethics

Please submit your short online application form no later than 15 Feb 2009 by clicking here, successful applications will be asked to submit more information at the later stage.

Perhaps local blog and news aggregator and bookmarking such as newly re-designed blogitude or negaraku eligible to participate.