New accelerator targets in-car apps
ReadWriteWeb posted a very interesting article this morning by Bradley Berman about a new accelerator that's focused on in-car apps. Founded by Jim Disanto, Palo Alto-based Transportation Technology Ventures considers the automobile as the next great platform for connectivity. The article quotes Disanto as saying “There are a more than a billion cars in the world. Every automotive OEM and Tier 1 supplier will tell you that within three years, every car will need connected systems, or you’re not going to be able to sell it.”
TTV's website describes it this way:
A combination of recent technology shifts and emerging consumer trends – internet connected cars, vehicle to vehicle communications, crowd sourcing and resource sharing - have opened up a world of new opportunities for innovation in Transportation. TTV aims to generate superior returns for its investors by providing the funding and resources needed to establish new innovative businesses that capitalize on these new opportunities
This is part of a growing trend in specialization in incubators and accelerators. Saying your accelerator specializes in mobile apps isn't really specialization at all. Saying your accelerator specializes in automotive apps is. That's a good thing. And on a personal note, since I've been waiting for two years for any useful software at all for my Microsoft Sync-enabled Ford Edge, maybe there's some light at the end of the tunnel!