Geotab, a fleet-tracking and management platform, has launched a smart cities and transportation accelerator program called Torque Labs, according to a press release. Three companies have enrolled, and the Ontario, Canada-based program is currently accepting applications.
The Torque Labs launch comes as city building is gaining more attention in the tech and financial sectors. Less than a month ago, Alphabet subsidiary, Sidewalk Labs LLC, joined with the Ontario Pension fund to create an urban infrastructure fund, Sidewalk Infrastructure Partners, or SIP. SIP is investing in technology-enabled infrastructure relating to advanced mobility, energy, water and waste and more.
Similarly, Torque will fund and incubate start-ups in a range of sectors, including supply chain, fleet management, electric vehicles, autonomous vehicles, smart cities and vehicle sharing.
Participating companies will have access to the Geotab platform, including the data sets derived from the more than 1.8 million Geotab-connected vehicles around the world. They will also receive mentorship and coaching, as well as gain assistance for proof-of-concept development and access to commercialization opportunities.
“As technology around us is developing so quickly, it is important for us to stay on the cutting edge of the industry by continuously innovating and staying proactive in the marketplace,” said Neil Cawse, Geotab’s CEO, in the release. “We want to empower individuals, startups and companies to create future innovations that will aid in the continuous technological transformation of our cities and transportation systems.”
Did you know?
The United Cannabis Business Association, a statewide group of legal marijuana businesses, found that about 2,835 illicit marijuana sellers, including storefronts and delivery services, are operating statewide. That’s more than three times as many illegal sellers as legal ones. (NBC)
“This archaic regulation was a roadblock to innovation. The status quo is the only thing that should be off the table as we seek to deliver and fund transportation solutions.”
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Autonomous vehicle companies can’t flock to Texas fast enough. Detroit-based auto giant Ford announced on September 25 that it will bring a fleet of self-driving cars to Austin as part of its effort to test the technology in real-world situations. The prototypes will hit the road sometime between mid-November and the end of 2019. The Ford news comes less than a week after Uber announced it would deploy a fleet of cars with human operators in Dallas as part of its autonomous vehicle initiative.
Hammer down, everyone!