A London based property company is on a mission to find the next smart city and Internet of Things (IoT) technologies. Canary Wharf Group announced this week it is putting 300,000 into its Cognicity Challenge a series of themed international challenges aimed at enabling it to identify, collaborate and buy solutions from some of the worlds most promising smart cities and IOT innovators from startups to major corporations.
Over the past two decades, Canary Wharf Group has regenerated derelict wharves into destination business and shopping districts. The London buildings are now occupied by over 100,000 people. Launch of the Cognicity Challenge coincides with the completion of the original Canary Wharf master plan and start of construction of a mixed-use extension.
Sir George Iacobescu, Chairman and Chief Executive Officer, Canary Wharf Group plc said: Canary Wharf was the original smart city in London, designing services and systems into the fabric of the built environment from the outset. We want to continue this evolutionary process to become a globally renowned smart cities innovation cluster.
Smart city companies will compete in six global challenges, each focusing on finding the best products and innovations in six key smart cities sub-sectors. Following a rigorous selection process, six startups in each sector will be invited to participate in a 12-week accelerator program, resulting in 36 companies being accelerated through a program designed to help bring their product or service to market. The six sectors are:
Applications for the first two challenges (buildings and transport) are open until Nov. 30, with entries from startups encouraged from the UK and internationally. Those interested in applying can do so through the Cognicity microsite www.cognicity.london. Successful applicants will move in to start the accelerator program in early 2015.
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