New York MTA announces accelerator program finalists
- The New York Metropolitan Transportation Authority (MTA) and the Partnership for New York City announced the finalists for their Transit Tech Lab accelerator, aimed at advancing transit innovation. Companies were chosen either for a subway challenge, to find better solutions to predict and prevent subway delays, or for a bus challenge, to find ways to help buses move faster and more efficiently.
- Six technology companies were chosen from a field of nearly 100, with three selected for the bus challenge and three selected for a subway challenge. The subway challenge companies are Axon Vibe, Veovo and Palisade Labs; the bus challenge companies are PIPS Technology, Preteckt and Remix.
- The chosen companies will take part in an eight-week program during which they will work with MTA personnel to customize their products in a way that meets the transit agency's and its customers' needs.
MTA's accelerator will help six young companies get their products and solutions in front of one of the country's most prominent transit agencies. It will also allow MTA staff to become familiar with new technology they might not have otherwise discovered. The businesses will work on solutions to improve MTA service that include predictive maintenance, deploying a platform for transit network planning, using computer vision to reduce bus lane blockages, using sensors to address platform crowding and deploying tools to predict subway delays.
Government procurement processes generally are complex and tedious for businesses to navigate, especially for small or new businesses. Those businesses sometimes do not bother trying to win contracts with governments because of the difficulty of the process and assumption that well-established, big-name and highly profitable businesses have the advantage.
Governments realize the procurement process can be challenging but certain procedures are in place to improve transparency and prevent wasting taxpayer dollars or favoritism in awarding contracts. A number of cities are trying to find ways to even the playing field and make it easier for a more diverse assortment of businesses to benefit from procurement partnerships.
For example, Living Cities and the Citi Foundation recently released the results of five cities that participated in an accelerator to devise innovative, locally-tailored strategies to develop procurement relationships that are more inclusive of business owners of color. The partners created a guide for other cities that wish to follow suit.
- Transit Tech Lab Will Accelerate Regional Transit Innovation Metropolitan Transportation Authority
Follow Katie Pyzyk on Twitter