New York City’s Chief Digital Officer Sree Sreenivasan, Chief Technology Officer Miguel Gamiño, and stakeholders from the city’s urbantech ecosystem gathered in Greenpoint, Brooklyn to welcome URBAN-X to its new home within design space A/D/O. Founded by MINI with joint venture partner SOSV, URBAN-X is a venture accelerator that educates, invests in and advocates for startups shaping the future of cities through technology and design.
“Cities are fertile ground for profound change,” URBAN-X Managing Director Micah Kotch said in a statement. “We’re proud to make our home in Brooklyn, where both private and public sector innovation across a diversity of perspectives has created a global destination for entrepreneurs who are generating new solutions to some of our most pressing urban challenges.”
As URBAN-X welcomes its newest cohort, it will advance its mission to support early-stage companies in making compelling ideas through three core principles: technology geared towards human need, design that drives adoption, and city-scale ambition.
Through each 14-week program cycle, URBAN-X companies benefit from the expertise of world-class mentors, significant in-kind services and $60,000 in seed capital investment. In addition to an educational program with visiting industry leaders, companies receive ongoing support from electrical and mechanical engineers, industrial design talent from MINI and BMW, user-experience and interface designers, and experts in investment strategy, sales, growth and communications. Additionally, MINI and SOSV offer each startup working trips to Germany and China, respectively.
To read the full release, please visit HERE.