WHAT IS IT?
The Madeira Startup Retreat aims to bring together 10 Startups focused on Tourism & Travel. For 6 weeks the executive team of each startup will relocate, work and share business & knowledge experience here in Madeira Island, as well as, interact with specialized mentors in Global Tourism & Travel from NOVA SBE. This program not only facilitates and improves company culture but also promotes relaxation opportunities. By joining us, you will be able to partake in intensive networking events, training, and workshops.
To make your retreat an unforgettable experience, a complimentary local host will also be assigned to help you truly experience and enjoy the uniqueness of the island.
Since 2018, Madeira Startup Retreat welcomed in Madeira Island 29 international startups, 92 entrepreneurs, and over 50 mentors.
You can now submit an interest form and our team will reach out to you by the time you'll be able to register for the 4th edition of Madeira Startup Retreat!
> Who is it for?
The Madeira Startup Retreat welcomes, and is looking forward to recruiting, 10 Tourism and Travel startups. If you aim to find new ideas, looking for inspiration, want to boost your startup and increase your networking, then this retreat is for you! Startups that are interested in this program can apply with 2 to 4 collaborators.
> When do we need to be in Madeira?
The launching event will be in June 2021,
> Who is involved in the retreat?
This educational program, which is totally tailored, is designed by one of the leading business schools in Europe - the Nova School of Business and Economics-, Startup Madeira and Turismo de Portugal.
In order to assist participants, during the venue, local hosts will be available.
> What will I be learning and doing during this retreat?
During the program you will be learning (more) about:
> Methodologies (Model Canvas; OKRs; Sprint)
> Tourism & Travel Industry Future and Trends
> Strategy & Business Development
> Growth Hacking
> Brand & Communication
> Customer Relationship
> Soft & Hard Skills
> Leadership for Impact, Culture, and Identity
Participating startups will be studied and new ideas or suggestions will be applied to their companies, products, and markets. Besides the mentoring and workshops you will be attending /participating in, you will also have networking events and leisure activities at your disposal.
We want you to experience this beautiful island like a local, so as the beautiful walks along the famous water canals (Levadas) up in the mountains, diving and sea trips, hiking and mountain biking, tasting the traditional food and drinks, relaxing yoga sessions and so much more have been planned, especially for you.
> What can we expect by the end of the retreat?
At the end of this retreat, you'll have the opportunity to refine your objectives, business model, improve your product/ service, and focus on strategic aspects of your startup. There'll be a Demo-Day, where you will have the opportunity to pitch to a crowd representing different local and national tourism & travel enterprises and organizations. You'll have the opportunity to meet with investors and, and to find your retail channel.
Keep in mind that the launch of a physical product takes a lot of time, even if you are already an MVP. We remind you that what we do is accelerate, and not magic, not yet, anyway.
> Which Startups can participate?
Travel and Tourism Startups.
> Do we need to have a legally established company before we apply?
Yes! Your startup needs to be up and running, i.e, previously established, functioning, and scalable. It must have an updated website/platform and social media.
> How we should use the grant?
Each Startup receives a grant to be spent on expenses while in Madeira: 2.500€. These may include: travel expenses, accommodation, meals, etc.). By aiding you in this way, we hope to keep you 100% focused and relaxed during this 6-week-program, so that you can truly make the most of your stay in Madeira.
> Do you take equity for the grant?
> Can Startups from outside the EU and distant locations apply?
Yes. Startups in locations outside the EU, need to get a Schengen VISA. It is relatively easy to apply for a 90-day-visa, and we will gladly help obtain yours as soon as your application is accepted.
> Does an NDA need to be signed before our application?
No. We don’t ask for anything that could compromise your product innovations in the application process.
> What stage do we need to be at, in order to apply? Is it possible to be too far ahead or too far behind?
Even if you are already in the market and/or raised a significant amount of money we can still leverage everything you accomplished and help you.
> So, when can we apply?
The registration/application period is will occur between February and March 2021. Remember, your team can only have two to four members and be available to be present during all of the 6-week duration of Madeira Startup Retreat. Don't worry, you can submit now an Interest Form, so we can inform you when the application is open!