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Tourism, hospitality, and travel tech programs taking applications

Released at: 13:37, 08/02/2018

Tourism, hospitality, and travel tech programs taking applications

Image from mist.asia

Applications now open for 2018 Mekong Innovative Startups in Tourism (MIST) business support programs.

by Doanh Doanh

Destination Mekong and the Mekong Business Initiative have announced that applications are now open for their 2018 Mekong Innovative Startups in Tourism (MIST) business support programs.

For the first time, the MIST Startup Accelerator is welcoming applications from tourism, hospitality, and travel tech startups headquartered in Thailand, Cambodia, Laos, and Vietnam.

The Startup Accelerator provides support to early-stage companies with innovative and scalable business models. Applications will close on March 10.

The 15 to 20 startups selected will attend an all-expenses paid intensive boot camp where they will compete for six months of advanced mentorship, in-kind acceleration support valued at $20,000, prize money up to $10,000, and customized business matching with potential investors and partners.

The MIST Market Access Program, now in its second year, is taking applications from successful, small to mid-sized international tourism, hospitality, and travel tech companies that want assistance expanding into Cambodia, Laos, Myanmar, and Vietnam. Applications to the Market Access Program will close on March 31. Past participants have hailed from Australia, Canada, South Korea, Malaysia, Thailand, and the US.

As many as five companies accepted into the Market Access Program will receive consulting to support their market access plans and be introduced to key stakeholders in the region, including government and industry leaders. The applicant with the highest-potential plan for the region will receive a complimentary market access tour valued at $15,000.

“Greater Mekong Sub-region government, tourism, and hospitality leaders have embraced MIST as a force for innovation, sustainability, and growth in the region,” said Mr. Jens Thraenhart, Executive Director of the Mekong Tourism Coordinating Office. “Through this program, we have created the ideal mechanism for tourism innovators and travel startups to get paired with investors and industry mentors who can equip them to scale and thrive.”

Destination Mekong and the Mekong Business Initiative - with the backing of the Australian Government, the Asian Development Bank, and the Mekong Tourism Coordinating Office - launched MIST in 2016 to propel innovation in the rapidly growing tourism markets of the Greater Mekong Sub-region. MIST aims to expedite tourism industry growth, create an ecosystem that inspires innovation, and promote sustainability in tourism.

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