Photo: Canary-Wharf-Group

Canary Wharf Group launches initiative for the development of new smart cities technologies

04 November 2014

by Richard Forster

Canary Wharf Group has launched the Cognicity Challenge at Canary Wharf’s Level39, a major new initiative that will enable the company to play a leading role in the development of new smart cities technologies.

The Cognicity team will kick off the programme with a series of themed challenges aimed at enabling the Group to identify, collaborate and buy solutions from some of the world’s most promising smart cities and IOT (internet of things) innovators – from startups to major corporations.

“Four in five people in the UK live in towns and cities, so it is crucial that Government and industry continues to support businesses developing new technology that will improve the quality of life in these areas,” said Ed Vaizey, Minister for the Digital Economy and Smart Cities Forum co-chair. “The Cognicity Challenge aims to help talented tech companies to develop revolutionary new solutions to the challenges facing modern cities, from creating sustainable buildings to building homes that are more digitally connected.”

Cognicity Challenge will look to provide companies with an enormous city-scale testing ground in the UK in which to pilot their ideas, ensuring they can develop the best possible solutions to these challenges and grow their business.

Innovative smart cities companies will be able to apply for each of the themed Cognicity Challenges. The challenge process will accelerate the development of groundbreaking products and systems, with the most promising companies being offered the opportunity to pilot their technologies within the existing estate and into the latest phase of development at Canary Wharf.

“Canary Wharf was the original smart city in London, designing services and systems into the fabric of the built environment from the outset,” said Sir George Iacobescu, Chairman and Chief Executive Officer, Canary Wharf Group. “With the launch of this ambitious series of international competitions we hope to continue this evolutionary process to become a globally-renowned smart cities innovation cluster.”

Cognicity Challenge, will focus on digital technologies with the power to create cities that can automatically respond to the needs of its inhabitants and businesses, using city data and sensor networks. It will also support technology solutions that can deliver lifestyle improvements and make better use of users’ time and the city’s resources. A major target for the Group will be technologies that create efficiencies in its operations, from concept to build and operate, or valued added services that allow it to increase operating margins.

Applications for the first two challenges (buildings and transport) are open until 30 November, 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 programmes in early 2015.

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