Embodying the tensions that cities across the world face as they wrestle with managing a pandemic in thick , urban environments, Urban-X, the accelerator for technology startups focused on the issues cities deal with, has launched its eighth,
fully remote, accomplice. While the accelerator program backed by the BMW-owned Mini Cooper automaker and the venture capital firm Urban United States is based in Brooklyn, it’s conducting its most current program essentially, with getting involved start-ups originating from Atlanta, Sydney, San Francisco, Boston, Burlington and Los Angeles, according to a statement.
“Long term, we are bullish on cities. I believe that COVID and environment change share some things in common. If we think that COVID is disruptive, and not only a hazard to financial livelihood but human life, environment modification, is definitely a much bigger danger,” said Micah Kotch, the managing director of Urban-X.”I believe that cities have stood up to pandemics previously. I think that we will be moving on. The clear things that we need are truly excellent political management. We need to observe science and to act rapidly based on the best possible science and we require cumulative action. And that’s where I see a great deal of overlap between COVID and environment.”
The current batch of business that Urban-X will work with includes:
- Adiona: a device learning-based service to enhance hourly labor forces in logistics and supply chain management
- Aquagenuity: a company supplying search information about water quality for consumers
- Climate Robotics: a manufacturer of robotics that produce carbon-sequestering and soil-improving biochar
- Mobilyze: the developer of a data analytics service for electric vehicle charging station website optimization
- Resonant Link: the developer of a wireless charging service to power robots and electrical vehicles
- Xtelligent: a business reconsidering traffic signal innovation
“Not everybody can afford to move out to the suburban areas and not everybody wishes to. Cities are going to continue to be the centers of imagination and innovation,” stated Kotch. “While these last three-and-a-half to four months have been a genuine difficulty, especially here in the U.S., we are deep followers in the vibrancy and necessity of cities.”
Later-stage investors think that the Urban-X thesis can create practical businesses, with about 85% of the accelerator’s business going on to raise extra rounds of funding. Some of the most successful business (in terms of capital raised) consist of Bowery Farming, Starcity, Mark43, One Concern, Future Movement, Skycatch, Seamlessdocs, Revivn, BRCK and Rachio.
“Investment, mentorship and innovation have the power to advance the low carbon, durable and high density future we require for our cities,” said Shaun Abrahamson, Urban-X Financial investment Committee and managing partner at Urban Us. “We are thrilled to have this new group of founders join Urban-X to build creative services that tackle environment change and the most significant concerns facing our cities.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.