The results are in and a winner has been announced in the $50,000 Intelligent Transportation Traffic Challenge.
Earlier this summer, the Intelligent Transportation Society of America (ITS America), in partnership with IBM and Spencer Trask Collaborative Innovations, launched a global challenge to identify innovative ideas for combating transportation congestion, and to find and fund a solution or start-up that can reduce environmental impact, strengthen economic productivity, move people more efficiently or prevent accidents.
The competition attracted 120 start-ups and solutions from 20 countries, and this was whittled down to nine finalists.
The winner, announced during an IBM session at the 16th ITS World Congress in Stockholm, was iCarpool (www.icarpoool.com). iCarpool received a cash prize of $50,000 as well as development and implementation support to pursue turning their innovative ideas into real-world solutions.
Millions of people drive alone for commute, long distance trips or personal trips such as a shopping trip or an event. iCarpool’s idea is an internet-based service that offers one site for carpooling, which can result in substantial monetary savings by sharing fuel, toll and parking costs. It says it is building infrastructure which provides one multi-modal view with the best options other than driving alone. Unlike a rideshare bulletin board, carpool listing service or zip code matching service, iCarpool uses high precision trip matching to find the best carpool match.
Check it out at www.icarpoool.com