IATA Launches $5mn Innovation Fund For Travel Startups

IATA (International Air Transport Association) has launched $5mn NDC Innovation Fund, which will be jointly run by Travel Capitalist Ventures (investor in companies like Guidoo).
NDC Innovation Fund plans to invest anywhere between $500k – $1M USD in B2B and B2C companies using the NDC Standard.
NDC (New Distribution Capability) is a travel industry-supported program (NDC Program) launched by IATA for the development and market adoption of a new, XML-based data transmission standard (NDC Standard).

Earlier, MakeMyTrip announced $15mn fund to invest in travel tech startups.

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