The General Catalyst Award for Travel Innovation

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 Simple Agreement for Future Equity (SAFE) with the travel technology company that demonstrates the most groundbreaking travel application or solution during the Innovation Summit at 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.

Eligibility Criteria

  • Startup or emerging company (the company came into existence September 1, 2015 or later)
  • Is currently seeking funding
  • Has not raised more than $2M in debt or equity; has not signed a term sheet that would raise outside investment to more than $2M as of November 19, 2019
  • Not currently funded by General Catalyst
  • Must pass General Catalyst due diligence and requisite internal General Catalyst approval process

The SAFE will convert to equity at the same terms as the next round of funding, when/if the company raises their next round of financing, with no discount to General Catalyst.

Not all travel innovators are eligible for the General Catalyst award.

About General Catalyst Partners

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.

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