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[ 14 October 2005 ] CNSG to Assist Monic PRT


CommerceNet Singapore (CNSG) agreed to assign Consultative Partner (CP) to study and document emerging technologies relating to Personal Rapid Transit (PRT) with Monic PRT Pte Ltd leading to Proof-of-Concept. The move is strategic as PRT is deemed to emerge as a complementary solution to monorail as the core of next generation transit solutions.

CNSG interest in future transit systems date back to earlier initiatives on integrated ticketing and signalling technologies. Issues such as mass customisation, and private transit had emerged as high risk initiatives with little backing from venture capitals.

Monic PRT is among the first technology company identified by Angel Alliance Group that have potential for commercialisation, which will be guided by CNSG venture team.


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