International Airlines Group (IAG) has selected seven finalists to join its second Hangar 51 global start-up accelerator programme. The programme is run in partnership with Cink Emprende, a Spanish consulting company specialising in entrepreneurship.
From more than 350 applications in 46 countries, IAG chose 30 start-ups to present their innovative products and services before a judging panel at a pitch day in September.
The Hangar 51 finalists are:
Airstripe - an airline crowdsourcing service that allows passengers to create flights and share them with other like-minded passengers.
Aplazame - a Fintech start-up with an instant credit risk-free solution for online payments.
Destygo - an Artificial Intelligence (AI) platform to build, deploy and train Chatbots for travel companies.
Inflight VR - creating a virtual reality (VR) ecosystem for the inflight entertainment industry.
Migacore - a data science start-up focusing on bringing predictive demand forecasting for travel.
SeatAssignMate - transforms email into an immersive experience enabling customers to select their seats and easily add other services to their bookings in real-time.
Volantio - helps airlines to plan seat capacity more effectively through Machine Learning (ML), while providing customers with better predictability and control over their trips.
The selected start-ups will receive 10 weeks of intensive industry advice from mentors and experts at IAG, Iberia, Iberia Express and Vueling. Based in Madrid and Barcelona, the entrepreneurs will gain access to the airlines' resources to develop, shape and test their products.
Stephen Scott, IAG's head of global Innovation, said: "We are very excited to announce this year's finalists for Hangar 51. Each selected start-up offers IAG something unique, from disruptive concepts through to ground breaking technology. We look forward to welcoming them to IAG and building great products together for our customers."
Raúl del Pozo, Cink Emprende CEO, said: "These innovative seven start-ups went through a very competitive application and selection process. They will have the opportunity to trial their products and services globally and transform them into a commercial reality. The selected start-ups will benefit from industry expertise and mentoring from the senior management team and experts across IAG. The Demo Day will prove how these start-ups have applied their disruptive technologies to the airline industry."
The second Hangar 51 accelerator programme starts this week, with a demonstration day held in Barcelona on January 29, 2018.