Singapore Tourism Accelerator for the world’s most promising Technology Startups with a minimum-viable product
The Singapore Tourism Accelerator (STA) is a highly-selective, equity-free 6-month program for the world’s most promising technology startups or pre-scaleups that can power the travel and tourism industry. The STA is organised by the Singapore Tourism Board (STB) and its appointed corporate innovation partner, Found8.
The 12 selected companies will gain unparalleled access to work with some of Asia’s and the world’s most important industry players. They will undergo a two-month intensive accelerator program identifying a potential pilot project and scope, followed by 4 months of pilot implementation with selected industry partners for the top 10 companies. 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.
During pilot implementation the top 10 companies will receive funding support of up to 70% of qualifying costs, up to SGD25,000 per company to testbed their solutions.
All teams will receive a monthly stipend of SGD2,000 respectively for the duration of their participation in the program, as well as assistance with temporary relocation (co-living and entrepreneurs' visa) to Singapore.
Who Should Apply
Travel and tourism are broad industries powered by a wide array of solutions. We’re looking for promising startups and pre-scaleups that can drive one or more of the following objectives:
- Attract quality tourists to Singapore
- Create seamless and personalized visitor experiences from pre- to post-trip
- Generate productivity gains and cost savings for tourism businesses
- Increase revenue for tourism businesses / visitors’ spending
- Deepen insights on visitors
Data Analytics, Natural Linguistic Programming – multi-language translation / chat bot, Cognitive Technologies – Biometric recognition / way finding, Cloud computing / business analytics, MarketingTech and CRM, Hospitality robotics / automation, multi-platform UI/UX, VR/AR applications, etc.
Both startups and scaleups are encouraged to apply, though those companies with some customer traction and monthly recurring revenues are preferred. The first two months will focus on developing 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.
Pilot with Industry Leaders
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.
Build Relationships with Expert Advisors
Gain access to the guidance, feedback, and expertise your team needs to succeed at scale.
How to Apply
You must apply to be considered for the Singapore Tourism Accelerator. Top applicants will be invited to pitch in person or interview remotely with the selection committee.
Illustration Photo: The world’s tallest indoor waterfall - The Jewel Changi Airport (Singapore) (credits: Jorge Láscar / Flickr Creative Commons Attribution 2.0 Generic (CC BY 2.0))