WHAT IS IT?
The Madeira Startup Retreat aims to bring together 8 Startups focused on Tourism & Travel. For two months the executive team of each startup will relocate, work and share business experience here in Madeira, 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.
During the duration of the program, a talent management student will be assigned to each startup to provide assistance. In addition to this, and to make your retreat an unforgettable experience, a complementary local host will also be assigned to help you truly experience and enjoy the uniqueness of the island.
Who is it for?
The Madeira Startup Retreat welcomes and is looking forward to recruiting 8 Tourism and Travel startups. If you aim to find new ideas, are 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 is on 15th January 2018, in the afternoon, therefore all participants need to arrive by the morning of that day, as they are expected to be present at the launch.
Who is involved in the retreat?
This educational program, which is totally tailored, initially designed by one of the leading business schools in Europe - the Nova School of Business and Economics- also involves 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?
Participating startups will be studied and new ideas or suggestions will be applied to their companies, products and markets. Besides the mentoring, the 8 workshops and the 2 hackathons you will be attending /participating in, you will also have 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 drink, relaxing yoga sessions and so much more have been planned, especially for you.
During the program you will be learning (more) about:
- Tourism & Travel Industry Future and Trends
- Market and Competition
- Business Development
- Idea and Costumer Validation
- Growth Hacking
- Marketing and Costume Service
- Management, Metrics & Finances and Pricing
- Leadership, Culture and Identity
What can we expect by the end of the retreat?
At the end of this retreat will have had the opportunity to pitch, to meet with investors, to raise funding 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 a 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 and functioning.
How we should use the 4.000€?
Each Startup receives 4.000€ to be spent on expenses while in Madeira (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 8-week-program, so that you can truly make the most of your stay in Madeira.
Do you take equity for the 4.000€?
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 from 1st to 30th November 2017. Remember, on your team you can only have two to four members.