SCW Network: STUDIO NEWS
Smart City Works Venture Studios Announces partnership with NJ TRANSIT as Agency Member
The nation’s largest statewide public transit agency joins as an agency member of Smart City Works Venture Studio to continue to pursue proven innovation methods and best practices for using technology in delivering safe, affordable quality transportation to its customers
Washington, DC – October 21, 2021: Smart City Works Venture Studios (SCWVS) announced today that NJ TRANSIT will be joining as an Agency Member of the Smart City Works Venture Studio to further their efforts regarding technology innovation. The Smart City Works Venture Studio is an offering designed to identify the key trends and opportunities in infrastructure where technology and associated innovative processes can make a difference in how infrastructure is developed, deployed, and maintained in terms of quality, accessibility, cost, and sustainability.
Jeremy Colangelo-Bryan, Chief Planner at NJ TRANSIT, said, “We are interested to explore the SCWVS model. Interaction with market participants, access to innovation startups, learning about the studio’s research and its academic alliances, and interacting with the studio team and advisors are all valuable. The studio can therefore provide a valuable perspective that can help NJ TRANSIT in its ongoing efforts to improve efficiency and effectiveness by leveraging relevant and meaningful innovation.”
“For many years, our industry has been reluctant to fully embrace innovation and technological advancement, but over the past few years, we have seen significant investments from industry-leading companies, private equity, and VC sources,” said Tim McManus, Chair of the Smart City Works Venture Studio Board of Advisors and former McKinsey VP of Capital Projects. “As corporations and agencies alike realize the vast gains digital transformation can provide, the ecosystem created by Smart City Works Venture Studio offers them insights, access to innovation, talent development opportunities, and exposure to proven methods and best practices that can make a big impact.”
About NJ TRANSIT
NJ TRANSIT is the nation’s largest statewide public transportation system providing more than 925,000 weekday trips on 253 bus routes, three light rail lines, 12 commuter rail lines and through Access Link paratransit service. It is the third largest transit system in the country with 166 rail stations, 62 light rail stations and more than 19,000 bus stops linking major points in New Jersey, New York and Philadelphia.
About Smart City Works Venture Studios
Smart City Works Venture Studios helps build startups for the cyber-physical infrastructure world by providing a team of experienced entrepreneurs who have substantial experience in IoT and infrastructure, smart cities, construction, smart buildings, mobility, and environmental expertise. Smart City Works Venture Studio is a joint initiative between Smart City Works Venture Labs and Rocket Wagon Venture Studios, the parent organization that provides the architectural cyber-physical framework including considerations regarding devices, security, privacy, data governance and ownership, communications, and a broad range of analytics, as well as shared legal and financial services, underlying operational systems, and corporate relationships.
Learn more at smartcityworks.rwvstudios.com