Transit Tech Lab has put New York on the forefront of the rising subject of transit tech, which guarantees to remodel buyer expertise, cut back commuting instances, and make it far simpler to successfully handle complicated transit methods.
The New York MTA and the Partnership for New York Metropolis introduced the second spherical of the Transit Tech Lab, an accelerator program that permits the MTA and different public transportation businesses to discover progressive, personal sector options to challenges they face in working the area’s subway, bus, and commuter rail companies.
This system has put New York on the forefront of the rising subject of transit tech, which guarantees to remodel buyer expertise, cut back commuting instances, and make it far simpler to successfully handle complicated transit methods.
Entrepreneurs with merchandise that enhance accessibility, improve visitors coordination, or create new sources of revenues are invited to submit purposes for the second yr of the Transit Tech Lab by Nov. 30, 2019.
Final yr, this system obtained nearly 100 purposes. Six firms had been chosen for the eight-week accelerator program, which is held within the spring, and 4 have proceeded to piloting their merchandise with the MTA. This system proved so profitable that the Port Authority of New York and New Jersey, New York Metropolis Division of Transportation, New York Metropolis Taxi and Limousine Fee, NJ TRANSIT, and Amtrak are taking part alongside the MTA this yr.
Consultants from public businesses, academia and enterprise will consider submissions and choose essentially the most compelling firms to take part in an eight-week accelerator to realize “proof of idea” — that means their product demonstrates potential to resolve one of many issues focused by the MTA or one other company. The place this milestone is achieved, firms will transfer on to a proper pilot challenge that deploys their product for testing in a taking part transit system.
2020 Transit Tech Lab Challenges:
Accessibility: How can we make New York’s public transit system extra accessible?Entrepreneurial Revenue Era: How can public transit generate extra income exterior the farebox?Site visitors Coordination: How can transit businesses cut back visitors by growing coordination on the curb?