Veteran travel entrepreneurs and startup advisors Matt and Nicole Zito, launched Travel Startups Incubator, a new travel technology incubator from Florida, USA dedicated to investing in the world's most talented travel entrepreneurs and early seed stage travel technology ideas.
Managing Partner and lead advisor Matt Zito says, "We received over 40 applications to the incubator in the first 14-days. We will focus on mobile travel, segments within the travel industry to include in-destination services, hotels, tours and activities, distribution, B2B, advertising, business travel, booking technology and the Internet of Things for travel. Mobile is the future for the travel industry. The best travel investments in the next 5 years will be bets made in mobile travel startups. Will we look at other travel investment opportunities sure but mobile will be our core focus."
We have three startups we are really interested in. A Silicon Valley entrepreneur has created patentable technology that can open hotel room doors with smartphone's enabling travelers to check into their hotel room without waiting in line at the front desk. A local Central Florida company has launched a subscription based travel service for the millennial generation, 18-30 year olds and a startup founder from Austin, TX is building a mobile travel-advertising platform.
Travel Startups Incubator has no application deadlines. You can submit your application when you are ready. We review applications on a rolling basis. We believe our unique methodology and approach to sourcing; funding, advising and raising capital for our startups will bring us superb investment returns. Our goal is to return 20% IRR over 5 years for our investors.
Each startup we incubate will receive up to $25,000 in cash and $25,000 in advisement services within 4-months to help you build your travel startup and to acquire the next round of capital. Each startup will be assigned one mentor to work with. We have two of the leading travel CEO's in the U.S. as advisors already on our team.
We built one of the largest networks in the travel industry to assist startups with business development deals and we have the funding available to do a follow-on investment up to $250,000 per startup.
We are currently looking for 2-3 corporate travel partners to help our portfolio companies gain immediate traction by providing access to their customers.
For more information visit, http://www.travelstartups.co