Cognicity challenges startups to create “cities of the future” » SMEInsider

Cognicity challenges startups to create “cities of the future”

The Canary Wharf Group has launched the Cognicity Challenge, an exciting new scheme that will select six new “smart city” technologies to roll out at two major London developments.

The startup accelerator programme is looking for innovators in six areas: construction, virtual design, integrated transportation, connected home, integrated resource management and automated building management. Applications are now open for cost saving technologies in the transport and construction categories.

As well as seeing their work piloted in Canary Wharf and Wood Wharf, winners in each category will receive a £50,000 prize. All finalists selected will be given 12 weeks to develop their competing technologies, with workspace, training and specialist mentoring provided over the period.

Group chairman and CEO Sir George Iacobescu said: “The launch of this ambitious series of international competitions is an im­portant milestone in delivering our future vision for Canary Wharf as one of the world’s most technologically advanced and innovative destinations.”

The scheme has attracted the support of Ed Vaizey, minister for culture and the digital economy, who said the programme would “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”.

He added: “It looks to provide these companies with an enormous city-scale testing ground here in the UK in which to pilot their ideas – ensuring they can develop the best possible solutions to these challenges and grow their business.