Start up businesses with innovative solutions to transport challenges such as congestion, overcrowding, emissions and road safety, are being encouraged to apply for a new accelerator programme in Milton Keynes.
The ‘Intelligent Mobility Accelerator’ is a partnership between the Transport Systems Catapult and Wayra UK – the start up accelerator that is part of Telefónica Open Future.
The programme focuses on areas such as connected and autonomous vehicles, connected infrastructure, customer experience and transport data and analysis. It is designed to attract disruptive start ups with high growth potential into the UK transport industry, while helping them grow into world leading companies.
“Transport is currently going through a revolutionary period driven by digital, connected and autonomous technology,” said Transport Systems Catapult CEO Paul Campion. “Up until now British entrepreneurs wanting to exploit these opportunities have needed to go it alone. We must support new UK businesses now, so we can take a lead on the world stage and create high quality jobs and growth for our economy.”
Wayra UK director Gary Stewart added: “Through this innovative programme, we hope to support the development of the next generation of transport systems breakthroughs and contribute further to making the UK the best place in the world to scale a transport start up.”
Businesses accepted to the accelerator will receive a six month support programme, providing office space, mentoring and networking.
The successful start ups will also get access to Wayra UK and the Catapult’s networks of investors, Government agencies, customers, large corporates and universities. The programme has also attracted the sponsorship of technology consultancy ThoughtWorks and Network Rail, which will both provide support to the start ups.
Paul Campion said: “The IM Accelerator will support and de-risk start up and early growth companies as they create breakthroughs in transport technology. There are no other accelerators in the UK which cover the full range of potential intelligent mobility solutions, and we hope to give these businesses a doorway into this £900Bn global market.”
Launch of the accelerator comes shortly after the Catapult announced its new Intelligent Mobility Data Hub, which provides a secure facility for transport organisations to allow access to and analyse their data.