While traditional accelerators have had successes at facilitating commercialization of early stage ventures, we believe we can do more. To more rapidly move early stage ventures to commercialization, reduce risk for downstream investors, and improve likelihood of product uptake in the marketplace, Smart City Works has created a new class of business accelerator, called an Actuator -- the world’s first Business Actuator.
A business actuator is built upon, but goes well beyond traditional business acceleration, through a number of enhancements to the business accelerator model. Like other accelerators, we provide an intensive boot camp and unique ecosystem with unmatched access to industry companies, mentors, and services. What sets us apart is our selection process based on an analysis of what cities need; maker spaces, laboratories, design and production tools to help companies overcome technical hurdles; testbeds and pilot project opportunities to more rapidly move from prototyping to demonstration; and a marketplace network of over 700 cities and end-users.
The establishment of a new type of business accelerator—a business actuator—creates a unique opportunity to rethink infrastructure and reinvent it, as well as to de-risk commercialization and investments. By leveraging new technologies and an enhanced model for commercialization, we can significantly improve and revitalize the well-being, sustainability, resiliency, and livability of cities.