HS2 Ltd has announced the next six firms to benefit from the HS2 Innovation Accelerator programme and increase operational efficiency
HS2 Ltd has revealed the six firms that will next receive benefits from the HS2 Innovation Accelerator programme.
The programme will give the six firms 20 weeks of business support to support the creation of innovative software solutions.
The HS2 Innovation Accelerator programme will support streamlining solutions
The firms to benefit from the programme are BuildPrompt, Document Crunch, Morta, Madaster, Simalytica, and Xinaps.
The first three will work on ‘handover’ technologies, or technologies that verify as-built assets to approved designs, and automate document review and approval through machine learning algorithms, including hand-drawn and written documents.
Simalytica and Xinaps will work on increasing the speed of design through means such as using AI to optimise design and automate design generation assessment, and Madaster will support sustainability by enhancing the circular economy with a ‘material passport’ for value of material reuse.
Together, these firms will increase speed, efficiency, and sustainability in the HS2 Innovation Accelerator programme, and as the project inches closer to completion.
The firms will receive further benefits at the end of the programme
At the end of the 20 week programme, the firms will then be pitched to industry investors and the HS2 supply chain. This consists of thousands of companies with various careers from engineering to supply chain.
From its inception, the HS2 Innovation Accelerator programme has supported 31 small businesses, securing 24 pilot projects, and raising over £220m in investment and funding.
Jon Kelly, senior innovation manager at HS2 Ltd, said: “Through HS2’s Accelerator programme we are maintaining the flow of new ideas and technology into both delivering high speed rail in the UK as it transitions from civil engineering works to rail systems.
“Future application of technologies developed on HS2 have the potential to drive efficiencies across the construction and rail industries.”
