What about CapsuleT? The numbers know it better!
Join us and let us accelerate your travel tech startup in the 5th cycle of the acceleration program.
In this article words don’t matter anymore. We will leave the numbers to show our work, our actions and the effectiveness that the acceleration program of CapsuleT has on the tourism sector, in which you should also apply until the 23rd of June 2022!
The CapsuleT Travel & Hospitality Accelerator is the only Greek accelerator which focuses exclusively on the development and growth of startups in the tourism sector, an initiative of the Hellenic Chamber of Hotels. From September 2019 to February 2022 there have been 4 cycles conducted successfully, in which 37 startups have completed with an overall number of 81 founding members.
The startups which decided to join the acceleration program managed to reach 22 pivots (to adjust the product/service in the new needs of the market), achieve 239 trial applications to hotels and other tourist companies, gain 345 new collaborators and more than 880 new clients from the tourism market. In terms of the content of the program of CapsuleT, includes more than 290 hours of training for business/digital skills, more than 1,200 hours consulting by the mentors specifically chosen from the tourism and hospitality community, the organizing of 21 events, participation in 8 Greek and international exhibitions and finally more than 1,350 meetings experts from the industry.
Furthermore, it is important to mention that the program of CapsuleT has been supported by more than 95 judges and mentors, more than 50 speakers and 20 sponsors/clients, as well as 22 cooperatives, hotels, touristic companies by giving the opportunity to startups for on-site visits.
However, what have the startups accomplished after the end of the program of CapsuleT?
Joining this program we set many high goals as a company and the time that this happened- a bit before the lockdown of the pandemic in 2020- it seemed a great opportunity for a great development. However, Covid-19 freezed the market together with us. Here stands the biggest success of the program. We found real support and an organization which continued with actions, without stepping back. The end of the 2nd cycle found us with an important development in our platform, 2 new models which managed to finish our product, the opening of 3 new markets, cooperation with 2 other startups, 20 application trials with hotels in Greece and finally a new trade policy of our company. Today, we have at our platform more than 4,500 rooms, we exist in more than 15 locations in Greece, and at the same time we are close to making new agreements in Cyprus and Africa. Our team now has 7 members, our sales cycle compared to the period when we found the program is 7 times higher and we have developed our product by adding 2 more new modules, in total 5.
Through our participation in the Acceleration Program of CapsuleT we managed in just a few months to develop our business, doubling the offer of accommodations in our platform, creating 9 new agreements, doubling the size of our team. We created connections with companies in Greece as well as outside of the country due to the events and exhibitions that we attended, like the 2 biggest Greek touristic exhibitions Philoxenia and Xenia and 2 international, ITB Berlin and WTM London.
The Acceleration Program not only helped us in understanding our company better, but also found a way to get closer with our audience and our clients. With CapsuleT, we managed to achieve higher numbers of our accommodations by 160% but at the same time to expand in the hotels of our country, making 3 new agreements.
The program met our expectations and became an important reason for our company’s growth. We managed to achieve agreements with 2 companies that were part of the program. We had the opportunity to get to know many people that were part of the Tour Operation sector as well as from multiple hotels as advisors. With the help of advisors we had the chance to get to know the hospitality industry in depth, making agreements already with 15.
Even if our business idea was quite advanced and we were already part of the market, we noticed an important development through the program. We managed to develop our business portfolio and established specific steps that we had to achieve. We focused mainly in the development of the B2B agreements and achieved outstanding results not only in our new affiliate program with 38 application trials but also in the development of agreements with touristic offices, OTAs and resellers with 16 agreements in total and more than 20 connections.
The application procedure for the 5th cycle will be completed on the 23rd of June 2022!
The application period for our program will be completed on Thursday, 23rd of June 2022. Find out the criteria of participation, the financial rewards that you can win and the structure of the program here: https://www.capsuletaccelerator.gr/el/accelerator/
Do your application with ease here: https://www.eventora.com/en/Events/CapsuleTApplicationForm5thCycle
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