“Blood, sweat and tears”: Four things I wish I knew before I launched my aviation business

Royce Crown - Automated Technology

“Blood, sweat and tears”: Four things I wish I knew before I launched my aviation business

Royce Crown - Automated Technology

The number one thing I wish I knew before I founded Monarc Global is how to practice patience, and that it would be a critical skill to have for the success of the business. Whether it be during development, fundraising, management or operations, patience is vital to progress.

When I say patience, I don’t mean the kind where you get frustrated and have to take a second to relax. I wish I had the kind of patience that zen monks and parents of four kids under five possess, as it would help me tackle the daily grind of startup life.

While I haven’t learnt patience, I have learnt to channel it into productive energy instead. When a situation arises that tests my patience, or lack thereof, I focus my attention on our end goal instead.

My lack of patience is tested when deadlines are promised and they’re not delivered on time, or close to on time.

Read the full article at smartcompany.

Monarc Global redefines private aircraft travel with its automated tech solution

CEO Monarc Global Royce Crown

Monarc Global redefines private aircraft travel with its automated tech solution

CEO Monarc Global Royce Crown

Brisbane startup Monarc Global has launched an automated booking platform that it believes will transform how the private aircraft industry operates within Australia and soon the US. This follows the closing of a $500k seed round led by Brisbane Angels and Angel Loop, with investments from River City Labs Accelerator and Muru-d.

Their unique software gives private aircraft operators the ability to automate their quoting processes so that brokers, agents and the public can seamlessly find, book and pay for private aircraft travel in real-time.

Monarc Global’s technology offers the private aviation industry its first equivalent to the commercial Global Distribution Systems (GDS) on which airlines and carriers currently schedule their flights. GDS allows airlines to show live availability and instant pricing variations based on demand up to 18 months ahead of flight times.

Now a team of 13, Monarc Global was founded in 2017 after CEO, Founder and seasoned helicopter pilot Royce Crown was questioning why there was no live booking system for private aircraft.

Read the full article at TechInvest 

Brisbane startup is automating private flights

Brisbane startup is automating private flights

Flying private is often considered the lifestyle of the rich and famous, but Brisbane startup, Monarc Global has launched an automated booking platform that will transform how the private aircraft industry operates.

The company recently closed a $500,000 seed round led by Brisbane Angels and Angel Loop, with investments from River City Labs Accelerator and Muru-d. The money is aimed at helping international expansion into the US.

 

While private flights still aren’t close to commercial flights in terms of flights, they can be dramatically cheaper, say on an otherwise empty return flight.

 

Monarc’s special sauce is their unique software which gives private aircraft operators the ability to automate their quoting processes so that brokers, agents and the public can seamlessly find, book and pay for private aircraft travel in real-time.

 

Monarc Global’s technology offers the private aviation industry its first equivalent to the commercial Global Distribution Systems (GDS) on which airlines and carriers currently schedule their flights. GDS allows airlines to show live availability and instant pricing variations based on demand up to 18 months ahead of flight times.

 

Read the full article at techAU

A Queensland startup that’s like Wotif for private aircraft charters is planning to launch in the US

A Queensland startup that’s like Wotif for private aircraft charters is planning to launch in the US

An automated booking platform for private aircraft hire, founded by a Queensland helicopter pilot, is hoping the transform the way people use charter flights and take on the massive US market.

Brisbane startup Monarc Global, founded by Royce Crown in 2017, has just closed a $500,000 seed round led by Brisbane Angels and Angel Loop, as well River City Labs Accelerator and Muru-d. 

The software lets private aircraft operators automate quotes so brokers, agents and users can find, book and pay for a plane charter travel in real-time. 

Crown,  Monarc Global’s CEO and a veteran helicopter pilot, said his technology gives private aviation industry a system akin to the Global Distribution Systems (GDS) used by commercial airlines to schedule flights. 

Read the full article at Startupdaily.

How a 100% US client conversion rate helped this startup secure $500,000 in seed funding

How a 100% US client conversion rate helped this startup secure $500,000 in seed funding

Private aircraft booking startup Monarc Global has closed a $500,000 seed round, as it strives to meet an unexpected swathe of demand from the US.

Based in Brisbane, Monarc allows private aircraft operators to automate their quoting processes. Customers can find, book and pay for travel through a live booking system, as opposed to through a manual enquiry form, as operators have typically used.

Previously, the startup has raised $75,000, primarily through friends and family funding. The technology was launched in beta in Australia in October last year.

The $500,000 seed round was led by the Brisbane Angels, and Angel Loop, a consortium of Queensland angel investors. The River City Labs Accelerator fund and Muru-D also contributed.

Speaking to StartupSmart, Monarc founder and chief Royce Crown said he embarked on the seed round after a particularly successful trip to the US in September last year.

Crown was due to showcase the technology at an event, but also lined up “a few operator meetings”, he says.

“That turned into 98 meetings over six days and over eight states.”

What’s more, the startup saw a 100% conversion rate on those meetings.

“We actually got 98 operators signed up to use our technology even before we had it.”

Read the full article at smartcompany

The perks and pitfalls of friends and family funding, from three founders who have been there

The perks and pitfalls of friends and family funding, from three founders who have been there

Behind every great startup founder there’s famously an army of supporters, champions and believers; the social circle that’s always there to celebrate wins and commiserate over a beer.

But what about when friends and family do more than cheering from the sidelines? What about when they’re invested financially as well as emotionally?

This is the case for many early-stage startups trying to get off the ground, and if it’s not done well, it can lead to confusion and confrontation at best, and heartbreak and hardship at worst.

Read the full article at smartcompany. 

Online booking software for aircraft charter

Automated Quoting Solution

Online booking software for aircraft charter

Automated Quoting Solution

Back in 2017 Royce Crown, a pilot of 20 years, was motivated by both frustration and anger when he decided to change the way people book private flights.

“I saw a desperate need for what we are doing now where we can produce and fly available aircrafts and provide available pricing,” Royce says.

This marked the beginning of Brisbane startup Monarc Global.

Around the world Monarc Global aims to solve two problems for private aircraft charter:

  1. To ease the biggest pain point for most aircraft operators with the manual quoting process.
  2. To give customers who charter aircrafts instant availability and live pricing for aircrafts in a way that allows them to compare with traditional airline prices as per seat ratio, or do a comparison of operators to source better deals for jets they would normally charter.

Read the full article at Queensland Chief Entrepreneur. 

RCL Accelerator’s new #BNE4 cohort get $100k investments

RCL Accelerator’s new #BNE4 cohort get $100k investments

LESS THAN 30 days after completing the last cohort, ‘#BNE3’, the RCL Accelerator powered by muru-D has kickstarted its new group, #BNE4, featuring a diverse array of innovative ‘scale-up’ businesses.

Although the recruitment period was record-short at just weeks instead of the usual three-to-four months, more than 130 startups from eight countries applied. The nine successful teams offer potential solutions that range from digital aged care solutions to smart flood warning maps to an intelligent athlete care platform.

Each application was carefully reviewed by a panel of industry experts from leading organisations including muru-D, Startup Catalyst, Transition Level Investments and River City Labs. 

Read the full article at Business Acumen Magazine.