The Singapore Tourism Accelerator (STA) is calling for applications from startups and pre-scaleups in the tourism space to apply for their accelerator program.
The accelerator is looking to select 12 companies who will undergo a two-month intensive accelerator program identifying a potential pilot project which would then be followed by 4 months of implementation and building minimum viable products (MVP).
“The accelerator entails an intensive program to learn critical market entry skills, pilot design and implementation skills, building a company and culture that scales and fundraising strategies via workshops, 1:1 mentoring, peer learning, expert feedback, intimate lunches with founders and investors, and industry events. The 6 months will end with a Demo Day with industry partners and investors. “
Participants will receive a US$1500 monthly stipend for the duration of the program and temporary visa assistance. The top 10 companies would also receive receive funding support of up to 70% of qualifying costs, up to $18,500 per company to test their solutions.
The top 10 teams selected to advance to Phase Two of the program will work closely with corporate partners to design, launch, and measure the success of solutions. Some of the corporate partners include Singapore Airlines, Marina Bay Sands and the Shangri-la Group
This could be a huge opportunity for African Startups in the tourism space especially those looking to open up the continent to more opportunities. The technologies they are building could get a major boost by mere association with bigger brands.
Africa is crying out for innovation and exposure. While this opportunity might be geared towards solutions that help Singapore, the same can be extended to African destinations too. There are a number of African attractions that are world-class but would do more with exposure.
Applications are open until the 20th January 2020. You can find more details here
