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NUS Enterprise, Singapore Airlines introduce five startups from SIA Accelerator

The National University of Singapore’s entrepreneurial arm, NUS Enterprise, and Singapore Airlines (SIA)’s joint initiative is called the SIA Accelerator Programme

SIA Accelerator Programme, the accelerator programme initiated by NUS Enterprise and Singapore Airlines (SIA), has announced five startups graduates from its inaugural batch.

The accelerator is a joint effort to boost the travel sector and its customer experience as well as open up new business opportunities for aspiring startups.

The 10-week initiative took place in an incubation space at NUS Enterprise’s The Hangar and SIA’s KrisLab in January this year.

Participants were tasked with presenting solutions for tech and airlines problems identified by SIA. These problems include onboard food wastage, offline and online integration in-flight shopping, revenue maximisation, to seat capacity optimisation.

NUS Enterprise coached the participants to identify their target customers, the right tech solutions, and product-market fit, as well as business model viability.

Some of the programme’s participants include the winners of Singapore Airlines’ annual AppChallenge. AppChallenge is a digital hackathon for aviation innovation run by SIA in conjunction with NUS Enterprise which was launched in June this year.

All solutions will be presented during the Innovfest Unbound 2019 that kicks off on June 27. Innovfest Unbound is an innovation festival organised by NUS Enterprise and Unbound, held in Singapore.

Also Read: Event tech platform PouchNATION raises Series B round from Traveloka and SPH Ventures

The five startups graduates from the accelerator programme are:

  • airfree, an in-flight shopping marketplace that allows online shopping mid-flight and items collection upon landing with 50 times less bandwidth than regular e-commerce websites allowing faster browsing. Last month, the startup raised US$2.9 million in funding from Shiseido, Starbucks accelerator, and angel investors.
  • F5Shift, a digitised data-tracking on in-flight food wastage by capturing images of F&B wastage via cameras processed by its cloud-based, machine learning models that can detect the food item and the source of meal that results in the wastage, presented in web dashboard to help airlines optimise meal plans and reduces waste.
  • Migacore, a data science startup that uses contextual data to improve demand forecasting for travel by capturing online signals from news portals and social media to gauge travel intents. This will help airlines to respond with better flight schedules and overall revenue management.
  • Travelsel, a smart destination platform that facilitates the distribution of in-market products through airlines, hotel, and other retail channels, providing retailers with a platform to publish, build, sell ticket product and product bundles, all in media-rich content.
  • Volantio, a startup that seeks to optimise seat capacity to help airlines increase revenue and avoid overbooking flights, using a cloud-based capacity optimisation platform called Yana. Yana automatically makes these passengers offers to switch to other flights in an overbooking situation with offers include vouchers for future travel, loyalty points, or upgrades.

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