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#News(Startup) [ via IoTGroup ]
Urban-X a startup accelerator backed by venture capital fund Urban Us and BMW’s Mini to support companies solving urban problems through cutting-edge technologies has graduated five startups as part of its tenth class.At an online event held on Tuesday the companies demoed their products to a live audience of investors customers and public-sector leaders.
Each of these firms completed Urban-X’s 20-week program – which provided access to design engineering and brand experts from the BMW Group and mentors in customer development product development go-to-market and fundraising – and seeks to tackle problems faced by the urban environment starting from the need of talent in climate-tech companies to problems associated with the recycling.Urban Us has also invested at least $100 000 in each startup of the cohort.The development comes as global investor interest continues to grow in both climate and urban technology companies.
According to Constructive Capital urban tech startups raised a record $31.6 billion as of October 2021 — 4.4 times higher than what they did five years ago in 2016.Over the last five years we’ve had the privilege of working with some of the most exciting companies taking on our most pressing challenges and we don’t expect that to slow down anytime soon ” Micah Kotch managing director at URBAN-X told Venturebeat.Here’s the full list of the companies in Urban-X’s tenth class.It provides a directory that people from any part of the world could use to find and apply for jobs in climate-tech companies and environmental non-profits.Partsimony: An AI-driven SaaS network that unifies disparate data from multiple sources to help hardware companies discover vetted manufacturers and take their product from prototype to mass production stage with less time and capital investment.
Phuc Labs: A company pioneering AI-powered sorting and separation of mixed particles suspended in liquids.Urban-X debuted back in 2016 as part of Mini’s innovation and
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