The nation's largest transportation technology association, the Intelligent Transportation Society of America (ITS America), today announces it has partnered with Kleiner Perkins Caufield & Byers, a leading international venture capital firm, and Fontinalis Partners, a leading transportation strategic investment firm co-founded by Bill Ford, to host a special event worth possibly millions of dollars designed to match innovative transportation technology companies with potential investors at the 18th World Congress on Intelligent Transportation Systems (ITS) in Orlando in October.
This potential infusion of capital into the economy occurs in the wake of a new release of the most comprehensive study to date on the scope of the ITS industry in the United States and North America. The federally commissioned report developed by ITS America and IHS Global Insight, found intelligent transportation to be a fast growing sector and suggested it will outpace other industries in job creation and revenue growth through at least 2015. The investor matching sessions will help ensure that these trends continue. The report also indicated that cities and states with drastically reduced budgets are turning to technology solutions to maximize existing highway capacity. It is now available on the ITS America website.
"Intelligent transportation is a growing industry that is ripe for investment," said Scott Belcher, president and CEO of ITS America. "We are excited about this opportunity to advance transportation technology by pairing innovative new ideas with the experienced teams at Kleiner Perkins Caufield & Byers and Fontinalis Partners."
Interested companies are encouraged to submit a business plan for evaluation. Information on how to submit a proposal is available on the ITS World Congress website. After thorough review, eight to 10 businesses will be invited to make their pitch at a face-to-face presentation at the World Congress on Intelligent Transportation Systems in Orlando on Tuesday, Oct. 18, and are also invited to join private and public sector transportation leaders from around the world at a special reception later that evening.
The final date to submit a business plan is Wednesday, Aug. 31, 2011. Please contact McKenzie Jones at email@example.com with any business related questions about this exciting opportunity.
To be a part of this growing economic sector, join ITS America in Orlando this October to experience the cutting-edge of transportation with industry leaders and decision makers from across the globe. For the latest updates on the event, visit the World Congress website at www.itsworldcongress.org.