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, 18 countries, 92 entrepreneurs, 26 nacionalities and over 50 mentors.

Your startup can now be part of our story! Register now for the 4th edition of Madeira Startup Retreat!

 

1st Edition, 2018, Funchal

FAQ's

Who is it for?

The Madeira Startup Retreat welcomes and is looking forward to selecting 10 Tourism and Travel startups. If you aim to:

>find new ideas
>look for inspiration
>boost your startup
>increase your network

then this retreat is for you! Startups that are interested in this program can apply with 2 to 4 collaborators.

Which startups can participate?

Established Travel and Tourism startups.

The COVID-19 pandemic raised challenges and identified opportunities for the tourism industry. In this edition, the jury will preferably select the finalists, considering those who offer:
> Sustainable and innovative solutions at the environmental, economic, and social levels, based on the principles of the circular economy.
> Better data and insights, collected and processed by solutions, that optimize existing data and insights to improve tourism management, by private agents and public entities.
> Seamless experience throughout the tourist's travel cycle.
> Territorial and seasonal dispersion of demand
> Development of digital solutions for companies, especially SMEs, in order to increase their profitability and competitiveness.

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.
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.
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.
Who is involved @ Madeira Startup 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:
> Startup Team Status
> Strategy & Business Diagnosis
> Value Creation
> Brand & Communication
> Product Strategy Review
> Sales Improvement
> Business Model Review
> Growth Hacking & Digital Marketing
> Soft & Hard Skills
> Leadership for Impact
> Business Measurement
> The Art of Pitching

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. 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.
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?
No.
When do we need to be in Madeira?

The launching event will be on October 6th, 2021. We recommend you arrive during the weekend before, so you can have a safe arrival and time to settle.

Can startups from outside the EU and distant locations apply?
If you're located in the EU, you can travel to Madeira without a VISA. If you're from outside the EU,  you may 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. Considering the current travel restrictions, due to COVID-19, please confirm with your nearest Portuguese Embassy the latest details and recommendations about this subject.
How can I be informed about the latest Covid-19 information and Safety Measures in Madeira Islands?
You can check Visit Madeira's website for current and updated COVID Information in Madeira Islands and Madeira Safe to Discover's Website for more safety measures.
So, when can we apply?

The registration/application period is will occur between July 13th and August 20th, 2021. Remember, your team can only have two to four members and be available to be present during all of the duration of Madeira Startup Retreat.

The finalists will be announced by September 3rd, 2021.