Frequently Asked Questions

Upon acceptance, 50,000 euros in cash are automatically offered to the start up participated as first investment. In the future could be additional investment in following round, of higher quantities, though normally the total investment in a company would be around 500.000 euros
In exchange for aprox. 10-15% common stock, each company accepted as part of the portfolio of TRAVEL TECH 1 SCR also receives:

  • Vertical Mentoring, 10 sessions of 2 hours in which experienced mentors will review the following areas of the startups: Marketing; Administration & Finance; IT; Performance Metrics; Funding and Business Development.
  • Corporate Mentoring by members of the Advisory Board, built up by more than 40 of the largest Travel & Tech companies.
  • Advice to obtain public funding from ENISA, Emprendetur, CDTI, etc…
  • Presentation to the investment and to the Travel community.
  • Networking and PR opportunities
  • Access to the advantages provided by the Partners of Top Seeds Lab
We fund technology oriented companies, typically web-based or other software companies, but we have also funded companies that do not quite fit this mold. We are also looking for companies that can have national or worldwide reach. And all of them have to be focused on Travel, understood in a broad sense. They should belong to the category known as Travel Tech.
We can only say that we are the only accelerator in the world belonging to the prestigious Global Accelerator Network, exclusively focused on the Travel industry. We are based in Spain, one of the world leaders in Tourism, and we have an agreement with the Ministry of Tourism of Spain to work together to expand the travel innovation ecosystem. We have a unique Advisory Board, where C-levels of more than 40 of largest Travel & Tech companies help us to draw our Road Map. And we have a Venture Capital arm, TRAVEL TECH 1 SCR, exclusevely focused on those start up in acceleration or early growth stages. But the decision is always yours!
We do our best to avoid accepting competitors into the same investing vehicle. However, with the growing number of Top Seeds Lab’s companies, it is possible that there may be competitors in the broad network of Top Seeds Lab. In the event there were competitors in Top Seeds Lab’s portfolio, we would work tirelessly to ensure there is no exchange of sensitive data.
Like you, we are entrepreneurs. We think that the value of the learning, networking, and mentoring included in our investing is of tremendous value. TRAVEL TECH 1 SCR will provide you with the healthiest possible start and greatly improve your chances for success and sustainability. Once we invest, we are motivated to help you succeed by introducing you to people assisting you with strategy, finding more investors, and generally helping you win all along your entrepreneurial journey. That is a good deal for both of us!
Probably not. We have had companies start with fully developed products and we helped them with business model, introductions, financing, and more. Likewise, nothing is too early. Do the work. Show us why we could be your perfect fit in your growth strategy. But certainly we prefer those companies that already have some traction and a contrasted value proposition.
Not quite. We receive hundreds of applications per year, which is why we have an application process. Systematically emailing some or all of the members in order to try to influence them before being chosen for investment will hurt you more than it will help you (because they’ll complain about it to us). The mentors and members of the Advisory Board are dedicated to helping the companies we select, but are not a part of the selection process, which belongs to TRAVEL TECH 1 SCR, a regulated entity under the Spanish SEC that has to comply with a strict procedure in order to chose its investments. Please don’t bombard them with emails.
We will love to say hello to you, but please don’t stop by our offices without an appointment. This is not a good example of persistence on your part and it will negatively influence your application. We are happy to consider taking an appointment, so please contact us instead.
We do not require you to be primarily based on Madrid or even in Spain. Being participated by TRAVEL TECH 1 SCR is a major commitment, and we expect you to be around when needed. However, it’s your company, you call the shots, so live wherever you want to, it is OK with us.
Anyone from anywhere can apply, and we’ve funded many non-EU companies in the past. You do have to be legally in the EU while TRAVEL TECH 1 SCR is an investor in your start up, of course. We cannot help with legal/immigration issues. On the other hand, we strongly recommend to establish a new branch in Spain as it will make more feasible to access to public financing.
Top Seeds Lab is not a traditional accelerator. We only provide our services to those start ups in which we participate through TRAVEL TECH 1 SCR, so we remain connected until the exit, which can take several years. We provide funding to get you going, but you may well need more funding to really make it. Near the end of the five months program, we will organize an Investor Demo Day where angel investors, venture capitals and members of the Advisory Board will check out your technology and listen to your pitch. We will coach you so you are as effective as possible, and we will do everything we can to help you get you follow on funding.
Top Seeds Lab, through TRAVEL TECH 1 SCR, wants to be viewed as a co-founder. In a nutshell, we don’t want any special or controlling interests in your company. We could ask for a board seat and for common investor rights. You will still run the show.
We will choose great founders who come through with products that solve real problems or create meaningful innovations in the Travel Tech space. The best things you can do to strengthen your application are:

  • Round out your team with business, technical, and other necessary skills.
  • Make progress on your prototype, product, and service and reference it in the application.
  • Show us you have really thought about your business and have gotten off your butt to do something about it.
  • Demonstrate early traction or provide data points to validate your core assumptions
We try our best to notify applicants in the next 15 days after remittance of the application.
No. Just fill out the online application – that is all you need for us to start the process. If the process goes along, it will be the time to know your business plan.
There are different deadlines, depending on the different calls. Please, check the website to keep posted anytime.
No, only for the vertical mentoring and also for some meetings. At The Place, in the heart of the financial district of Madrid, we provide just the right space and our locations are fully equipped and have both traditional and lounge-like spaces. Our participates can use them for meetings with clients, investors, etc. with our previous coordination.
We are certainly not in the business of stealing ideas, and we treat application data as confidential information.

Each year, we see hundreds of applications and many of them include similar ideas. For this and other practical reasons, please do not ask us to sign an NDA. Our application does not ask for your “secret sauce” and there is no reason you have to disclose this to us if you are not comfortable doing so. We really hope that our reputation speaks for itself on this topic.

Yes. We think it is best not to outsource what you are, but it obviously works in some cases. We are happy to consider any application. Just remember that we are primarily focused on the team.
While we do not screen applications just because they have a single founder, it does make things more difficult. We look for great, balanced teams who have a full range of skills. We strongly advise you to seek co-founders who balance your skillset. For example, if you are a strong developer, you might consider adding someone with business and/or marketing experience. If you are a great business evangelist with no developer, it is very unlikely we will accept you into the program, so go find a rock star developer to join you.