The Transit Innovation Partnership, a public-private initiative between the New York Metropolitan Transportation Authority (MTA) and the Partnership for New York City, announced today the second round of its Transit Tech Lab accelerator program. The 2020 Transit Tech Lab will seek private sector technology solutions to three main challenges facing New York transit: accessibility, traffic coordination and revenue generation. Entrepreneurs and growth-stage companies are encouraged to apply for the accelerator, which will give select companies the opportunity to formally pilot their solutions with the MTA or a participating transit agency.
This announcement follows the completion of the inaugural Transit Tech Lab accelerator, which graduated six companies that developed solutions to address the city's subway and bus challenges. Four of those companies — Axon Vibe, Veovo, Remix and Preteckt — were selected in July to pilot their innovations with the MTA.
Rachel Haot, executive director of the Transit Innovation Partnership, told Smart Cities Dive it's been "a very busy 10 weeks" since the end of the first accelerator program, however the lessons learned from that program are helping to shape the second round into an even more rewarding experience.
"The importance of having strong partners was really clear" during the first program, Haot said, which resulted in the new additions of NJ Transit, Amtrak and other agencies. "In New York City, in order to have a successful urban pilot for certain technologies, that's only possible if you have additional partners working with you ... Often there's overlapping jurisdiction and a lot of these agencies are interconnected."
These partners also helped influence the selection of the three challenges for the 2020 lab.Read Complete Article