Published: January 19, 2016 | San Fransisco, CA
BMW’s MINI brand has partnered with HAX, an existing hardware accelerator within SOSV (formerly SOS Ventures), to build a new accelerator dedicated to startups working on the city of the future called Urban-X.
HAX program runs in Shenzen, China and San Francisco, with a focus on hardware startups. The new Urban-X is based in New York City and will bridge both hardware and software with a focus on solutions for the urban environment.
“In the 50s, cities were built around cars. The newly emerging metropolis demands products and, most of all, services, to be purpose-built for and around it,” MINI’s head of impact ventures Esther Bahne told TechCrunch. “Autonomous driving, paired with ridesharing, is only one of the many revolutions on the horizon that will change the way we interact with our environment and with each other. The city, effectively, becomes an operating system, into which services will be plugged; a platform on which dreams will be realized. MINI wants to have an active part in this, by helping to build a city that becomes increasingly more livable and enjoyable.”
Applications are open now for the program, which starts March 2016. Those interested in applying can do so at urban-x.com. MINI and HAX will give $60,000 in equity to each startup in the three-month program and it could further invest in the strongest ideas.
Source: Tech Crunch