Bentley Systems, Incorporated, the infrastructure engineering software company, has recently announced the launch of iTwin Activate, a 20 week co-development programme designed to accelerate early-stage start-ups in infrastructure engineering software. The programme, which is organised in cohorts aligned to industry sectors, is managed by Bentley iTwin Ventures, a US$100 million corporate venture capital fund that fosters innovation by co-investing in start-ups and emerging companies.
The iTwin Activate programme supports start-ups in scoping and building industry relevant solutions by leveraging or interoperating with Bentley technology through programme and co-development funding, solutions architecture support, and access to Bentley executives for commercial insights. Tom Kurke, Bentley’s Vice President of iTwin Ventures, said, “Our first cohort was a small, invitation-only group of four start-ups focused on the electric grid industry. We were excited to see the innovative solutions that the start-ups built incorporating our technology. The projects serve as powerful examples of new capabilities that arise from these collaborations, and in some cases we are already seeing our shared users benefit from these new tools and the efficiencies they unlock.”
iTwin Activate Cohort #1 – Grid supported four start-ups: Spatial Data.AI, Virtual Technology Simplified, Rebase Energy, and SurPlus Maps.
Spatial Data AI’s solution automates the processing of LiDAR data from point clouds into ready-to-use vector formats, including SPIDAcalc models and various other CAD formats. This project focused on building a connector to Bentley’s pole analysis solution (SPIDAcalc). Spatial Data Founder, Doug Culbert said, “Participating in the iTwin Activate programme supported the automated development of a design-centric digital twin for electrical distribution and telecommunications companies. The outcome of this initiative advanced our technical solution and expanded our service offerings in these markets. Spatial Data would like to thank the Bentley team for this accelerator programme and is excited to continue co-developing products and services, enabling digital transformations across the infrastructure sector.”
Virtual Technology Simplified (VTS) enables tablet and phone data capture of utility assets and developed a data mobility and visualisation solution on the iTwin Platform. John Chwalibog, Founder and CEO of VTS, said, “For us at VTS, two things particularly jumped out. One was that the VTS development team had access to Bentley’s team of SME’s who could help us identify problems and collaborate with us to find solutions to any technical issues that came up throughout the project. Second was the team of people that came together over the course of the cohort. They were able to address the challenges all start-ups face when going from start-up to funded company. We would highly recommend the programme to other start-ups in the geospatial community as the experience was extremely positive for the entire VTS team.”
iTwin Activate Cohort #2 will focus on solutions for Infrastructure Internet of Things (IIoT) use cases and is open for all interested parties to apply. Cory Baldwin, Bentley’s Vice President of Infrastructure IoT, described his goals for this cohort. “We are excited to work with start-ups in the IoT space and build technology and partnerships together to solve the needs of the infrastructure sector. We are particularly interested in working with teams focused on creating predictive analytics or deriving insights from the sensor data federated in the iTwin Platform, as well as those creating novel sensors or sensing technologies that can be brought into our digital twin ecosystem as part of a software-led motion.”
Read the article online at: https://www.worldpipelines.com/product-news/08062023/bentley-systems-announces-itwin-activate/
You might also like
Perma-Pipe International Holdings, Inc. announces the opening of its second state-of-the-art insulation facility in Canada.