Wakalua in collaboration with the World Tourism Organization (UNWTO) created and organizes the largest startup competition in tourism globally. The competition is run on a yearly basis in more than 143 countries aiming to identify the most sustainable innovative solutions that will lead the transformation of the industry.
We co-design specific challenges together with our partners addressing emerging business and travelers needs connecting entrepreneurs with real business through our corporate partners.
Participants gain access to our global network, investment opportunities, six weeks scale up programs and our partner innovation suite.
One of our main goals is to develop local ecosystems generating jobs and social wealth. With our country partners we co-design innovative programs that bring tools, investments and business to a new generation of startup companies. These programs have a duration of 6 months.
The truth is that while customer problems rarely shift (they continue to seek solutions to the same challenges they’ve always had), it’s customer expectations that have skyrocketed with the rise of new technology. Customers want their original problems solved, but faster, cheaper, and more effectively than ever before. So, while customer problems change slowly, you must move to solve them at lightning speed.
However, not just any action will suffice. Hasty decisions based on uninformed opinions can lead to more mess and misfortune than you wish to imagine. Winning organizations have discovered that the secret is to engage customers and co-create business innovations together with those customers, thereby continuously transforming how they work and what they deliver.
At wakalua we organize ongoing hub activities for entrepreneurs, partners and tourism stakeholders at our hub base in Madrid, Spain.
On a monthly basis we mobilize the ecosystem for infinite networking opportunities during startup discoveries, startup speed-dating, hackatons, technology matches, investment days, expert reviews and ad-hoc partner events.