ORLANDO, Fla. – InNovo Partners, a transportation engineering and technology startup in the UCF Business Incubator Program, has been contracted by the Florida Department of Transportation (FDOT) as part of a five-year, $1.5 million deal to help improve the congestion and safety of Central Florida’s roadways.
The contract is a significant accomplishment for the company, its first since forming in January.
The certified Disadvantaged Business Enterprise has teamed with prime contractor Atkins on the FDOT District 5 TSM&O Continuing Services Contract, which runs from 2017 through 2022. InNovo Partners will be part of the team that will provide the FDOT with professional services for conducting technology development, traffic signal retiming, traffic operations support, project management, and traffic studies.
The Orlando-based startup intends to bring on additional staff to help facilitate their scope of work.
“We are honored that InNovo is part of the selected team to assist the Florida Department of Transportation with TSM&O and technology innovations,” said Claudia Paskauskas, Co-founder and CEO of InNovo Partners. “This contract is a great opportunity for our firm and we are excited to work with Atkins, a well-respected leader for engineering and project management consultancies in our industry.”
TSM&O, or Transportation Systems Management and Operations, is an integrated program designed to optimize the performance of existing multimodal infrastructure through implementation of systems, services, and projects to preserve capacity and improve the security, safety, and reliability of transportation systems.
“To put it simply, TSM&O will help our transportation system to work smarter, not harder,” said InNovo Partners’ Co-founder and President Melissa Bollo Gross. “It is not cost-effective to keep building our way out of congestion. TSM&O is a program that will allow us to improve the safety and mobility of our existing transportation infrastructure by measuring and actively managing our transportation system in real time.”
This contract will allow InNovo to collaborate with FDOT on implementing technology innovations for the transportation industry. InNovo Partners brings innovation to the transportation industry by applying technology and extracting meaningful business intelligence from big data to help local, state and federal agencies make informed decisions on the planning, operations and funding prioritization of transportation systems.
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For more information, media contacts:
Melissa Bollo Gross, President, InNovo Partners, 407-222-5507, mgross@InNovopartners.com;
Claudia Paskauskas, CEO, InNovo Partners, 407-432-4866, cpaskauskas@InNovoPartners.com;
Michael Weiss, Site Manager, UCF Business Incubator – Orlando, 321-281-8384, email@example.com.
About InNovo Partners
InNovo Partners, LLC, founded in January 2017 by Melissa Bollo Gross and Claudia Paskauskas, is an Orlando, FL-based transportation engineering, technology and planning consultant for the government. As an innovator in the application of technology in the transportation industry, InNovo Partners helps local, state and federal agencies make informed decisions on the planning, operation and funding prioritization of transportation systems. For more information, visit innovopartners.com.
About the UCF Business Incubation Program
The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth / impact enterprises. Since 1999, this award-winning program has helped over 390 local startup companies reach their potential faster by providing vital business development resources.
With seven facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Corridor, Orange, Osceola, Seminole and Volusia Counties, and the cities of Apopka, Kissimmee, Orlando and Winter Springs. For the 2014/15 and 2015/16 fiscal years, the activities of these participating companies have helped to sustain more than 4,710 local jobs and have had a cumulative impact of over $725 million on regional GDP and over $1.3 billion on regional sales. During the same period, the program has returned $7.41 in state and local taxes for every $1.00 invested in the program. For more information, visit www.incubator.ucf.edu.