Mayor of London launches new ‘TravelTech’ incubator
Scheme aims to support ‘next Skyscanner or Airbnb’
The mayor of London Boris Johnson today announced the launch of a new start-up incubator, set to provide a growing number of London-based ‘TravelTech’ startups with support for growth.
Set to be administered by the Mayor’s promotional body London & Partners, the TravelTech Lab incubator will provide shared workspace and networking support for tech start-ups operating in the travel and holiday markets, such as travel apps or virtual city tour operators.
London & Partners said that businesses participating in the scheme would gain access to a network of more than 1,000 companies in the travel, hospitality and leisure industries, helping them to build ‘high level connections’ in the sector.
It is part of an initiative spearheaded by London’s governance to make the city into a global hub for particular niche areas in tech, alongside the growth of the sector as a whole.
The project is being developed in conjunction with shared workspace provider The Trampery, best known for operating one of the leading workspaces for tech start-ups in East London’s Tech City.
It will see the remodelling of London & Partners’ existing office at More London near Tower Bridge to provide a new shared workspace for a team of London & Partners travel industry experts to work alongside start-ups on the incubator scheme.
The TravelTech Lab will host 35 businesses at a time, with participating start-ups selected on the strength of their applications in a competitive round which closes on 31 March.
Kit Malthouse, deputy mayor for business and enterprise and chairman of London & Partners, will host an evening reception to showcase the TravelTech Lab on Tuesday 18 March, which businesses can register their interest for by emailing firstname.lastname@example.org
Boris Johnson, the mayor of London, said in a statement: “More and more technology companies are sprouting up and thriving in London.
“As the world’s greatest city to visit and as Europe’s foremost digital hub, we can offer this innovative incubator an ideal home to nurture creative talent and for tech whizz kids to flourish.”
Gordon Innes, chief executive of London & Partners, added: “With the development of Tech City, London has emerged as the digital hub for Europe and with that comes access to a pool of potential investors, talent and vital networks.
“London & Partners is uniquely placed to offer a one-off service to nascent traveltech businesses. We not only have the incubator space they need, we have over 1,000 partners in the travel, leisure and hospitality industry, a wealth of high level connections and a deep knowledge of the sector.
“We are excited to bring this incubator space to market and look forward to supporting the capital’s most innovative traveltech startups.”
To find out more and apply for a place on the TravelTech Lab incubator click here. The deadline for applications is 6pm on 31st March.