Frequently asked questions
What is Minc tourism accelerator? When the Corona pandemic hit, the tourism and hospitality industry got struck hard. That's why the city of Malmö commissioned Minc, the startup house of Malmö, to help find a solution to some of their problems. Here startups will have great opportunities to grow, try things out and even meet investors. At the same time they're helping out business who's livelihood depends on physical visitors, in a time of social distancing.
How much would it cost to participate in the program?
There are no fees, and we do not take any equities. You will however have the chance to pitch for Fast track capital
, who's investing up to 500,000 SEK
per startup company.
Who can apply for the MTA (Malmö Tourism Accelerator)? Startups need to be based anywhere in the EU. MTA search for in the tech companies in tourism, smarter cities, sports and hospitality. The company is in between the MVP (most valued product) phase, and growth phase. It has been active for less than three years and less than five million in yearly revenue. The companies will be assessed according to the criteria: innovation height, scalability, sustainability, impact of digital transformation in the travel-tech sector and skills and experience in the team.
How often do we need to show up at Minc? The accelerator is a digital program. The workshops and coaching part of the program is planned individually per team and it would take around 2-3 hours per week. Digitally we use management tools like Notion, Miro, Pitch, Slack and video calls via Zoom. MTA will follow the public health authority's restrictions and recommendations for physical meetings.
Is it alright if only one person from our team joins the program? Yes, but you can only be max two persons per team joining. We prefer to see positions like CEO, CTO, head of innovation or head of marketing joining for our program.