Featured
Argo, the Call to Join Travel Tech Accelerator in Venice Starts
Argo Accelerator’s initiative is aimed at startups with an established team and a working prototype, which have developed innovative products or services in the field of tourism. For selection purposes, those enabling technologies such as CRM and Data Intelligence software, web and mobile apps, and digital commerce systems will be evaluated with particular interest.
Argo will select about ten startups each year for the next three years. Startups will receive a pre-seed investment of about €75,000 and be eligible for subsequent post-acceleration funding.
The focus of Argo, the new accelerator announced by CDP Venture Capital, is travel tech, and managing it are LVenture Group, which co-invests in the initiative, and VeniSIA. With a total endowment of €4.5 million, it will identify the most promising Italian and international travel tech startups that intend to open an operational office in the local market.
f you want to find more details about Argo and read the latest business news of the day, download for free our companion app Born2Invest, available for free for both Android and iOS devices.
The call for the selection of startups for the first accelerator program, starting in March 2023, is open until February 19th, 2023
The location has been identified in Venice, in the spaces of VeniSIA.
“The agreement with CDP Venture Capital, the first initiative of implementation of the Ministry’s Innovation Network, goes in the direction of stimulating new innovative entrepreneurship in tourism to bring it to the level of the best European countries, accelerating the development of new solutions, technologies, business models proposed by startups, facilitating technology transfer processes from universities and research institutes,” commented Tourism Minister Daniela Santanchè. Her ministry may also support the selected startups with a possible grant of €25,000.
Which startups does the Argo Accelerator aim to attract to Venice?
The initiative is aimed at realities with an established team and a working prototype, which have developed innovative products or services in the field of tourism. For selection purposes, those enabling technologies such as CRM and Data Intelligence software, web and mobile apps, and digital commerce systems will be evaluated with particular interest.
Francesca Bria, President of CDP Venture Capital, added, “With the launch of the Argo Accelerator, we want to support the growth of the best startups that develop innovative services and solutions in travel tech and hospitality. In our country, tourism is worth 13 percent of GDP, and accelerating sustainable and digital innovation in this sector has the potential for high economic and employment impact throughout the country.” The initiative is part of the CDP National Accelerator Network, the network dedicated to the development of startups specializing in markets with the greatest growth potential that now has 16 vertical programs operating throughout the country.
__
(Featured image by blende12 via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in StartupItalia, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Crypto2 weeks ago
Ripple Custody: How the XRP Company Wants to Offer Services for Banks
-
Fintech5 days ago
Global66 Reports Payments to Freelancers of Over $8 Million on Its Platform
-
Fintech1 week ago
Fintech Company Sonect Wants to Supply Europe with Cash
-
Crowdfunding1 day ago
Heaven Launches Its First Equity Crowdfunding Campaign on CrowdFundMe