One outstanding demonstrator will receive the General Catalyst Award for Travel Innovation, created in partnership with General Catalyst Partners.
The General Catalyst Award for Travel Innovation will be presented in the form of a US$100,000 convertible bridge loan to the travel technology company that demonstrates the most groundbreaking travel application or solution during Summit@The Phocuswright Conference (view eligibility criteria).
The winner will be selected from among the Summit companies* meeting the eligibility criteria. The award will go to the company with the highest numerical score with an increased emphasis on whether the company's innovation has the potential to create breakthrough value in the travel industry.
The bridge loan will convert to equity when the company raises their next round. Companies currently in General Catalyst's portfolio are not eligible and will be excluded from the selection process.
* Not all travel innovators are eligible for the General Catalyst award.
General Catalyst Partners is a venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies leading innovation and transforming industries. Founded in 2000, General Catalyst Partners leverages its principals' extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business building and partnership development assistance. General Catalyst has offices in Cambridge, MA and Palo Alto, CA.