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 Transport Systems Catapult accelerator programme in Milton Keynes.
The Intelligent Mobility (IM) Accelerator is designed to attract disruptive start-ups with high-growth potential into the UK transport industry, while helping them grow into world-leading companies.
The programme focuses on Intelligent Mobility, including areas such as . Its goal is to develop companies who will create solutions for the most pressing transport problems facing the world today, improving day-to-day life for millions of travellers while creating new UK-based industry leaders in a £900bn global transport systems market.
The new programme is a partnership between Transport Systems Catapult and Wayra UK, the world-leading start-up accelerator that is part of Telefónica Open Future_. Since 2012, Wayra UK has supported more than 160 British and Irish start-ups in other industries, helping them raise approximately $150m in third-party funding. Transport Systems Catapult is the UK’s innovation centre for ‘Intelligent Mobility’ and the organisation behind the UK’s first public trial of an autonomous vehicle.
Businesses accepted to the programme will receive a six-month support programme, providing office space, mentoring and networking. The successful start-ups will also get access to Wayra UK’s and the TSCs networks of investors, government agencies, customers, large corporates and universities, as well as opportunities to work with the TSC’s world-leading Data, Visualisation, Customer Experience and Connected and Autonomous Vehicle capability teams. The TSC and Wayra UK will also hope to continue to support the best of these start-ups beyond their time at the IM Accelerator.
The programme has also attracted the sponsorship of global technology consultancy ThoughtWorks and national railway infrastructure operator Network Rail, who will both provide support to start-ups at the Accelerator, including mentoring, coaching, and access to their high-level expertise and networks.
Transport Systems Catapult CEO Paul Campion explained, “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 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.”