Smart cities startup accelerator URBAN-X, which is owned by automaker MINI, has selected some seven startups that will receive funding to boosts commercialisation of their innovative technologies.
The startups include:
- Cove.Tool: Automated building performance modelling to save time and money for early-stage design
- Evolve Energy: Reducing carbon emissions while saving costs via renewable energy, real-time pricing and home IoT
- Hubbster: Building stronger communities by transforming public spaces into social experiences
- Pi-Lit: Enhancing road safety and traffic guidance via innovative hardware, software and design-focused solutions
- Varuna: A cloud-based platform that provides analytics and insights to improve water quality by optimising utility operations
The startups are the sixth team to graduate and receive $150,000 in funding as well as get linked with investors from Munich, San Francisco and other major cities, as part of the MINI startup accelerator initiative.
Twice a year, URBAN-X selects up to 10 startups with the best solutions addressing challenges within the mobility, water, infrastructure management, and energy industries.
Selected startups will have access to a network of over 2,000 partners around the world, including entrepreneurs, investors and public-sector leaders, who have volunteered to support the founders through the URBAN-X programme.
Micah Kotch, managing director at URBAN-X, said: “In a time of unprecedented global change we put our faith in founders willing to challenge the status quo.
“The teams of Cohort 06 have worked tirelessly to prepare for this next chapter, and we look forward to continuing to be there with them every step of the way in their mission to improve city life.”
Esther Bahne, MINI vice president of strategy and innovation. “For more livable cities, the evolution of mobility is very important, but we need to understand it as intricately linked to all other lifelines of the city. Through URBAN-X, MINI is investing in entrepreneurs to solve some of the most complex issues facing cities today.”