Arup’s Ventures team recently hosted a London Tech Week event in collaboration with URBAN-X, a startup accelerator based in New York City, to explore how startups and incumbent organisations can better work together to shape the future of the built environment.
Startup founders, Arup staff, venture capital investors and large organisations in the real estate, transport and construction industries came together to discuss the most promising solutions and partnership models that could address the challenges our cities will face in the coming decades.
The event offered advice for startups on overcoming key barriers to funding trials and bringing products to market, and guidance for large incumbents on becoming more engaged with startups that are providing innovative solutions. This inaugural event is the first in a series of talks and workshops that will be hosted by the Ventures team.
Ian Rogers, Arup Ventures Global Leader and Head of Intellectual Property and Technology Law, hosted a panel discussion on the most pressing challenges facing the built environment.
During the panel, Michael Hurwitz, Director of Innovation at TfL, noted the importance of creating a lean environment that supports piloting and open trials in order to facilitate routes to market for the most promising products. Raphael Scheps, Founder and CEO of Converge, argued that finding true product market fit relies on a deep understanding of the market in which one operates.