Deadline: 9-Sep-22
Are You A B2b Tech Company That Wants To Expand Into Asia? If yes, join the Singapore Tourism Accelerator programme.
The Singapore Tourism Accelerator is a highly-selective, equity-free 4-month programme for the world’s most promising technology startups or pre-scaleups that can power the travel and tourism industry. The Accelerator is organised by the Singapore Tourism Board (STB) and its appointed corporate innovation partner, Ravel Innovation.
They are looking for the very best in innovation and are particularly interested in companies that are developing solutions to future-proof the travel and tourism industry and help tourism companies thrive amidst the challenges brought about by COVID-19. Whether you already have some traction in the industry, or are looking to apply your solution to the industry for the first time, they want to hear from you.
Benefits
- Unrivalled access to some of the leading organisations in Singapore’s tourism sector and the opportunity to conduct a 3-month pilot implementation with them, and receive funding support of up to 70% of qualifying costs, up to SGD25,000.
- Guided assistance for relocation matters and one-time relocation stipend of SGD2, 000 for the duration of physical participation in the programme for eligible startups. Overseas companies need to be physically presnt in Singapore during the programme to be eligible for the relocation stipend.
- A regional network of 1000+ individuals in the entrepreneurial ecosystem.
- Investment connections and opportunities for venture capital/venture debt from local investors and funders will be made available to the cohort through meetings, events and activities such as demo days.
Eligibility Criteria
- Travel and tourism are broad industries powered by a wide array of solutions. They are looking for promising startups and pre-scaleups that can drive one or more of the following objectives:
- Tracking, monitoring and improving the sustainability goals of tourism businesses
- Generating productivity gains and cost savings for tourism businesses by implementing innovative automation solutions
- Increase revenue for tourism businesses through targeted marketing, personalised experiences, dynamic forecasting
- Deepening insights on visitors and increasing customer satisfaction and engagement
- Streamlining core internal business functions and systems for systems integration, better staff training and management, visitor safety, flow and information tracking, as well as business intelligence and decision-making
- Improving tourism and hospitality environments with technology-enabled solutions to improve the health and wellness of guests.
- Improving customer service by enabling transformative User Journeys as well as User Engagement/Experience for revenue enhancement
- Target Stage:
- Both startups and scaleups are encouraged to apply, though those companies with some customer traction and monthly recurring revenues are preferred. The first 5 weeks will focus on developing a product-market fit – either for a new solution or for an innovative solution with existing market validation to be tailored and scaled within Singapore. All companies must have a minimum viable product (MVP) to be eligible to apply.
For more information, visit https://www.stb.gov.sg/content/stb/en/trade-events-and-resources/Singapore-Tourism-Accelerator.html