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This past Wednesday and Thursday, students from across the University of Waterloo participated in the Velocity Fund $5K Qualifiers. Of the 30+ students who pitched their innovative ideas, 10 finalists were selected by a panel of judges to move on and compete at the Velocity Fund Finals on March 30th for their chance to win one of three $5,000 prizes.
A new study from MaRS shows that ride-sharing services like UberPOOL and Lyft Line could play a significant role in cutting greenhouse gas emissions in major Canadian cities.
Historically, an individual could choose to move around an urban area in a variety of ways. New travel alternatives enabled by new technology and business models have provided individuals with even more choices. The convenience of requesting a ride from your phone, sharing a ride with a co-worker or grabbing a bike outside your home has helped to propel ride-sharing to the forefront of the sharing economy.
The arrival of the Uber ride-sharing service is challenging the regulatory abilities of Canadian municipalities like no other innovation since the advent of the private automobile, bringing with it a similarly mixed bag of tremendous convenience and unanticipated hazard.