Hyundai and Stagecoach join Transport Innovation Accelerator

Hyundai Motor Group and Stagecoach are the latest high-profile partners to join the Intelligent Mobility (IM) Accelerator in Milton Keynes. The IM Accelerator is a partnership between Transport Systems Catapult and Wayra UK, the world-leading start-up accelerator that is part of Telefónica Open Future. The programme is designed to attract disruptive start-ups specialising in transport systems with high-growth potential, in order to help them grow into world-leading companies that promote UK business and create UK jobs.

As sponsoring partners, Hyundai Motor Group, (encompassing both Hyundai Motors and Kia Motors), will support startups with associated opportunities for business development and investment, and designate relevant experts to provide appropriate support.

Stagecoach Group, a leading international public transport company, running bus, coach, rail, and tram services with operations in the UK, United States and Canada, and will provide similar support.

Hyundai Motor Group and Stagecoach Group will both take part in the start-up selection process for the programme.

The IM Accelerator programme focuses on Intelligent Mobility, concentrating on areas such as Connected and Autonomous Vehicles, Connected Infrastructure, New Business Models, Transport Data, Mobility, Fin Tech and AI. Its goal is to develop companies who will create solutions for the most pressing transport problems facing the world today, improving day-to-day life for millions of travellers while creating new UK-based industry leaders in a £900bn global transport systems market.

Transport Systems Catapult, Director of SME Strategy Alex Weedon said:

“We’re extremely excited to have both Hyundai and Stagecoach on board with the IM Accelerator. Both have a strong focus on innovation and having these two world leading companies on board will ensure start-up companies who enter the programme will be able to access both the motor industry and a large breadth of the public transport sector. We’re looking forward to to seeing the Intelligent Mobility solutions this will enable and we are sure will lead to a new set of successful businesses launching in the UK transport industry.”

Youngcho Chi, Chief Innovation Officer and EVP of Hyundai Motor Group, said:

“The rise of megacities will bring many challenges and automakers need to be prepared to overcome them.  Hyundai Motor Group is pleased to support and work with the out-of-the-box approaches of these innovative UK startups to rethink the transportation system for the benefit of future societies.”

Stagecoach Group Chief Executive Martin Griffiths said:

“Stagecoach was the original transport innovator and disrupter so it’s great to be part of this dynamic and progressive programme. We want to help deliver even more innovation within the transport industry to make it even easier for people to access smarter travel within our towns and cities and to continue to find new, innovative solutions to suit their needs.”

Director of Wayra UK Gary Stewart said:

“We are so happy to be collaborating with such impressive and trend setting partners. There is no doubt that the mobility sector will be forced to transform; the disruption is already underway, just as it has been in the telecommunications sector for the last few years. Only by working with start-ups and great companies like Hyundai and Stagecoach will large corporates be able to disrupt, as opposed to being disrupted.” 

The IM Accelerator is currently accepting applications for its second round of start-up businesses at Wayra.co.uk/intelligentmobility.

Businesses accepted to the programme will receive a six-month support programme, providing office space, relevant coaching and impactful networking. The successful start-ups will also get access to Wayra UK’s and the TSCs networks of investors, government agencies, customers, large corporates and universities, as well as opportunities to work with the TSC’s world-leading Data, Visualisation, Customer Experience and Connected and Autonomous Transport capability teams.

Hyundai Motor Group and Stagecoach join Network Rail and Thoughtworks as sponsors of the IM Accelerator.

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