Velocity Ventures, a venture capital firm with a focus on Southeast
Asia’s travel and hospitality sectors, has introduced the Corporate
Partners Program (CPP) to connect established companies with innovative
startups.
What the programme offers
The CPP addresses key challenges and priorities in the industry, such
as labour shortages, digitalisation, sustainability, demand
forecasting, technology options, and evolving distribution models.
Through the programme, travel companies can gain access to a diverse
range of startups offering innovative solutions and opportunities for
operational efficiency.
The programme aims to foster collaboration and innovation by
providing access to a network of startups and opportunities for joint
investments.
The CPP focuses on five areas:
- Food & beverage
- Travel experiences
- Accommodation
- Transportation/Mobility
- Travel services
Companies can choose from three subscription levels (Lite, Core, and
Pro) to access a range of benefits. These include access to startup
solutions, insights into products and viability, the ability to compare
different startup solutions, and participation in tailored events and
reports on innovation trends.
By engaging with startups through the CPP, companies can drive
innovation, bring about cultural change, and explore potential
acquisitions. The programme also offers the option to establish an
outsourced Corporate Venture Capital (CVC) unit, allowing companies to
make investment decisions while leveraging the expertise of Velocity
Ventures.
Proven track record
Velocity Ventures has a successful track record of supporting
startups in the travel and hospitality industry, such as Aigens, Carbon
Click, Food Market Hub, Zuzu Hospitality, and ZYTLYN. These startups
have collectively achieved a Gross Merchandise Value (GMV) of US$2.5
billion, with significant year-over-year growth.
Notable corporate partners already involved in the CPP include Etihad
Airways, Lufthansa Innovation Hub, Goldbell Group, The Lo & Behold
Group, Old Chang Kee, RB Capital, Global Hotel Alliance, and Klook.
Velocity Ventures also collaborates closely with renowned
accelerators like Singapore Tourism Accelerator, Korean Tourism Office,
and Malaysia Digital Economy Corporation, reviewing hundreds of
travel-tech startups each year.