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Team ABC s Aurelius Noell on the transition from an airline executive to a startup investor
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STARTUP OLÉ LAUNCHES ITS SEVENTH EDITION WITH GREAT NEWS AND OPPORTUNITIES
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First official visit to Spain for Commissioner Mariya Gabriel
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Technology gives the travel sector a chance to retool itself, and many startups could help the industry make the most of its coming, phased recovery from the pandemic.
Yet there’s a problem. Startup founders may be inventive technologists, but they often lack a grasp of the travel sector’s commercial contours. Naivete and inexperience can open a chasm between startups and corporate customers, preventing many travel companies from widely adopting innovations.
Today’s investors take risks by betting on quixotic-sounding ideas that could become a reality thanks to capital. But venture capitalists need to do more to help entrepreneurs build bridges to executives at travel brands. They need to serve as mentors, passing along to founders their acquired knowledge about how the travel sector works.
The new venture fund, called Team ABC, will invest in early-stage travel tech startups focusing on sustainability and digital transformation.
An international venture capital fund, called Team ABC, that invests in sustainability and digital transformation in the transportation and tourism industries, has announced its official launch.
The company describes itself as a new international fund which “supports and scales early-stage disruptive technology companies focused on increasing the sustainability and digital transformation of air, land and sea trade and travel”.
The venture capital firm’s partners have experience of working with airlines including LEVEL, Tiger Airways and Viva Air. The partners include industry experts Aurelius Noell, Former CCO of Level Airlines and Viva Air; Clyde Hutchinson, founder of Viva Air Labs – a member of the FTE Innovation & Startup Hub; and Brian Marrinan, who is co-founder of an early-stage Fintech Incubator, co-Founder of Propeller, as