The Metropolitan Transportation Authority (MTA) of New York City this week announced the completion of the Transit Tech Lab, an accelerator program that enables tech companies to test and introduce new products designed to improve transit services.
As of this week, four of the six companies graduating from the accelerator will begin pilots with the MTA to implement products that tackle key subway and bus challenges.
“As the MTA experiences a period of historic reform, transformation, and innovation, we’re leveraging this new model for evaluating and introducing technologies that address some of our most critical challenges. The result is an inaugural Transit Tech Lab that far surpassed our expectations,” said Patrick Foye, Chairman & CEO of the MTA, in a news release. “We are eager to develop these mobility technologies over the next year to improve subway and bus service for riders across New York City.”
Following a global competition last fall, in which nearly 100 companies participated, six finalists were selected for the inaugural class of the Transit Tech Lab. Over the course of eight weeks, the companies worked closely with New York City Transit and MTA personnel to test how their products could improve service and customer communications.
The two companies advancing to the pilot phase for the subway challenge include Axon Vibe and Veovo, while companies Preteckt and Remix will advance to the pilot phase for the bus challenge.
The Transit Tech Lab is managed by the nonprofit Transit Innovation Partnership and the Partnership Fund for New York City. The goal of the Transit Tech Lab is to establish New York as the center of innovation for mobility, particularly as it relates to public transit.
IMAGE: @MTA on Twitter