The Singapore Tourism Board (STB) is calling for local and international companies to join the Singapore Tourism Accelerator pilot program, which aims to develop solutions to long-standing issues, as well as fast-track the development of new ideas that will transform the tourism sector. The pilot program will run for two years.
Mr Poh Chi Chuan, Director, Digital Transformation, Singapore Tourism Board, said: “With increasing disruption faced by the tourism sector, we are committed to help our industry partners meet the challenges and stay ahead of the competition. The Singapore Tourism Accelerator gives us a platform to work with companies with innovative solutions that can be applied across the industry and to enhance the overall visitor experience.”
The Accelerator is targeting start-ups already at the prototyping or business development stage, as well as those that have piloted a breakthrough solution in another city and are looking for opportunities to scale their solutions in the Singapore and Asian markets. STB will work with the Accelerator’s appointed partner, Found8, to select start-ups to participate in the program. To qualify, companies must already have prototype solutions or have piloted their solutions elsewhere.
Located on STB’s premises, the Accelerator will take its first batch of 12 companies in October 2019, who will also work with established industry players including Expedia Group, Sentosa Development Corporation, SingEx Holdings, Singapore Airlines and Marina Bay Sands. At the end of three months, the solutions will be evaluated by a panel of industry members.
Selected companies will move on to the next stage where they’ll receive funding support of 70% of qualifying costs, up to $25,000 per company, to testbed their solutions with an industry partner. The programme concludes with a showcase, which is where they get to pitch their business plans to industry stakeholders and investors.
Interested parties can apply HERE by 1 August 2019.
