A new accelerator programme is looking for startups to lead the transport revolution
Startup businesses with innovative solutions for transport challenges, such as congestion, overcrowding and emissions, are being encouraged to apply for a unique new accelerator programme in Milton Keynes.
The ‘Intelligent Mobility (IM) Accelerator’ has been designed to attract disruptive startups with high-growth potential into the UK transport industry, while helping them grow into global companies.
The programme focuses on IM, including areas like Connected and Autonomous Vehicles, Connected Infrastructure and Transport Data and Analysis. The goal is to develop companies who will create solutions for the most pressing transport dilemmas we face today.
Transport Systems Catapult CEO, Paul Campion, said: “Transport is currently going through a revolutionary period driven by digital, connected and autonomous technology. 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. The IM accelerator will support and de-risk startup and early growth companies as they create breakthroughs in transport tech.”
The programme is a partnership between Transport Systems Catapult and Wayra UK, the startup accelerator that is part of Telefonica Open Future.
For five years, Wayra UK has supported more than 160 British and Irish startups in other industries, helping them raise approximately $150m in third-party funding.
Businesses accepted onto the programme will receive a six-month support programme, providing office space, networking and mentoring. The successful startups will also gain access to Wayra UK’s and the TSC’s investors, government agencies, customers and universities, as well as opportunities to work in the programme’s various sectors.
It has also gained sponsorship of global technology consultants ThoughtWorks, and national railway infrastructure operator Network Rail. These will both provide support including mentoring, coaching and access to high-level networks.
Wayra UK’s director, Gary Stewart, concluded: “Transport is an area where data-driven tech solutions are already making a huge difference to the lives of billions - from the development of the Oyster card to Citymapper.
“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 place in the world to scale a transport startup.”