June 11, 2021
June 11, 2021
Monarc Global Awarded the Accelerating Commercialisation Grant – $2.4 Million in funding for Aussie Innovators
Monarc Global was one of four Australian innovators awarded the Accelerating Commercialisation grant as part of the Entrepreneurs’ Programme. The award saw four businesses ( Monarc Global, Life Tech Balance, Cyban and Workit Spaces ) share $2.4million in grants from the Australian Government.
The Accelerating Commercialisation grant has been supporting businesses since 2014 and helps innovators in Australia achieve their business goals in terms of greater access and broader reach in networks with angels, investors and other stakeholders.
Monarc Global CEO Royce Crown said, “we are honoured to receive such a highly competitive award. To be selected among four other Aussie innovators placed us on the map in terms of credibility, support and leverage from the Australian government”.
“We have worked hard to evolve with our customers’ needs continually, our customers being predominantly charter operators who have voiced their frustrations in wanting a solution to streamline and automate their pricing process. Which Monarc Global worked to build; and the result, an automated, real-time point of sale pricing engine for aircraft operators,” said Crown.
Monarc Global will use the grant to continue its research, development and expansion within Australia and globally. The company’s aviation software, Travech, is currently used by aircraft operators around the world and assisting logistics requirements.
The company has plans to further expand its partnerships with international stakeholders and business partners.
Meet Robert Easton
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This month we welcomed to the team Robert Easton as Chief Financial Officer of Monarc Global. Rob has over 23 years experience in finance assisting businesses in various industries. Rob has helped large and medium sized, private equity backed, and privately owned businesses achieve significant growth in both the UK and Australia.
Alliances and Partnerships Program – Helping Airlines, Private Charter Operators and Aviation Brokers work together during the Pandemic Monarc Global last year helped thousands of Australian’s stranded overseas by facilitating urgent repatriation flights from India to Australia. Using their software Travech, an automated, accurate booking and pricing solution used predominantly by charter operators, private and airline alike. This year the company is extending its global reach by providing another solution to the grimly affected travel industry. Monarc Global is launching its Alliances and Partnerships Program. The program allows operators to work together by partnering with other airlines, operators and aviation brokers, forming a global audience and syndicate. “We are a company that is pretty good at listening to operators and helping them to solve some of their biggest problems. We want to help operators, however big or small their business or fleet size may be, to have the opportunity to continue running their business even during a pandemic,” said Royce Crown, CEO Monarc Global.
The program allows users to access TRAVECH and its unique multi-point API; operators can partner with other operators to share their fleet, obtain global reach, and access the aircraft’s instant live availability and accurate prices. “The last thing an operator wants is to have their fleet laying dormant; why not allow another operator to have access to your fleet from anywhere in the world, and you can continue business as usual?” says Crown. The program elevates existing and builds new business partnerships by connecting the industry to work together in a seamless motion.
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