Tag Archives: future cities

Smart City funding and finance: where’s the money, and who’s paying?

Show me the money

A highly important factor when thinking about smart cities, that isn’t always discussed, is how to fund and finance them. As exciting as it is to discuss the potential, exciting developments that smart cities can bring, whether in terms of urban development, citizen engagement or sustainability, they won’t get off the ground without funding. This is something that has not escaped Ovum’s Smart to Future Cities conference, with a dedicated set of presentations around funding options.

Firstly we have a case study from the Province of Torino, Italy, on Public-Private Partnerships (PPPs) for smart city projects/financing future cities in the EU, in which they will outline the 2020Together project, detail its funding strategy, and examine the new forms of partnership between public administrations and private investors.

This is followed by an interactive panel session: attracting funding and finance for smart infrastructure projects. The panellists include Scott Cain, Executive Director, Future Cities Catapult and Frank Lee, Head of Financial Instruments, Western Europe, European Investment Bank, with discussion points including:

  • What are the different funding instruments available?
  • Best practice for attracting interest from institutional investors and investment banks
  • Financial instruments outside EU funding
  • ‘Joint venture’ infrastructure projects
  • PPPs for smart city projects
  • Sharing risk in PPPs, managing exit strategies and forecasting returns
  • The need for a smart bank for smart investment

The panel is introduced by Mathias Reddmann, from the Smart Cities and Sustainability Unit of the European Commission, in which he will address the need for large-scale investment in smart cities, detailing the Horizon 2020 and JESSICA initiatives.

This dedicated session is part of a comprehensive event, covering transport, energy, urban development, assisted living, sustainability, security and resilience, among 19+ global city case studiesDownload the brochure to see which cities will be speaking at the event, and find out what they’ll be discussing. Then book your ticket to join in the discussion!

First speakers announced for Smart to Future Cities 2015

london smart city

The first speakers have been announced for the 4th Annual Smart to Future Cities 2015, and the draft agenda is now available to download.

Event background

Taking place at the Waldorf Hilton in London, on 28-29 April 2015, the Smart to Future Cities conference has gone from strength to strength over recent years, charting the transition of the smart city concept from definition to implementation as IoT enables applications that benefit citizens and urban planners. In April 2014 we hosted over 250 industry experts, 80 of whom were from international city administrations.

The conference is renowned for being the right size for constructive discussion and networking where cities can talk directly to other cities; as our delegates said:

“The Smart Cities conference 2014 was an outstanding experience. Several of the conversations I had during the conference have translated into tangible projects with real outcomes” – Future Cities Lab

“There is the possibility to meet important and significant people at an event that is the right size. It is not a large expo, where you get lost in the crowd ” – Bilbao City Council

“Great line up of speakers and very insightful. I felt I was learning at the leading edge of Smart City thinking” – Milton Keynes Council

“One of the best SMART Cities event I’ve been to. A good mix of speakers and delegates.” – Happold Consulting

2015 sees the concept of Smart Cities continuing to evolve as the focus shifts to the citizen and their central place in the design of the smart city and the IoT applications and services that enable it. Services such as smart parking, mobility, energy, health, safety and security and many more are enabled by urban IoT as everything within the city becomes internet connected.

Agenda and speakers

Download the draft agenda here, to see what will be up for discussion. Our early-confirmed speakers include:

Ger Baron, Chief Technology Officer, City of Amsterdam

Cllr James Noakes, Mayoral lead for Energy and Smart City, Liverpool City Council

Geoff Snelson, Director of Strategy, Corporate Core, Milton Keynes

Petra Dalunde, Project manager and Communication Strategist at Stockholm Business Region Development, City of Stockholm

Dave Carter, Chair, European Connected Smart Cities Network – Centre for Urban Policy Studies (CUPS), Manchester, UK

Josu Santacruz, Smart Cities, Centro Informático Municipal de Bilbao (Cimubisa), Spain

Steve Turner, Head of City Policy, Manchester

Vojko Obersnel , Mayor of the City of Rijeka, Croatia

Erling Fossen, CEO – Oslo Metropolitan Area, Oslo – Norway

Else Kloppenborg, Special Adviser, Smart Cities, City of Copenhagen

Veera Mustonen, Project Leader, Smart Kalasatama, City of Helsinki

Michael McLaughlan, Programme Director, Glasgow Future Cities Demonstrator Programme

Richard Miller, Head of Sustainability, Technology Strategy Board

See-Kiong Ng, Programme Director, Institute for Infocomm Research – Singapore

Loveleen Garg, Assistant Vice President, Gujarat International Finance Tech City Co. Ltd

Ahmed Jebreel Fallatah, Telecom Project Manager, Telecoms, Royal Commission for Yanbu, Saudi Arabia

Andrew Collinge, Head of Intelligence, Greater London Authority

Shane Rooney, Executive Director, Smart Cities & Transport, GSMA

Chris Pennell, Lead Analyst, Public Sector, Ovum

SmartFutureCities_logo_2015 (2)

Portugal Doesn’t Like Entrepreneurs?

In this guest blog post, Vitor Pereira gives an insight into Portugal’s attitude to entrepreneurship, in the context of Smart Cities.

Registrations for Ovum’s Smart to Future Cities 2015 event are now open. After the great success of the 2014 event, the 4th Annual edition will take place at Waldorf Hilton on 28-29 April 2015, and offers complimentary attendance to city/government representatives.

smart cities portugal

Portugal, doesn’t like entrepreneurs?

Or, at least, it seemed that way until a few years ago. A crowd of Prophets of Doom bravely resisted the innovation, the boldness, the audacity and the risk of people who owe little or nothing to the country, but, who fell in love with it; with the Portuguese, the food, the landscape, the quality of life – only God knows what triggered so many passions among investors, foreign entrepreneurs and true leaders, which could have chosen large, “more developed” cities and countries, yet still fixed roots here, in this sunny rectangle, in the extreme south of the old continent.

I met one of these extraordinary entrepreneurs a little less than a year ago, at the Smart to Future Cities conference, which took place in London. Between the famous speakers, leaders of large global companies and even the Minister of Science and Technology of England, I heard, at some point, speak of Portugal. I hastened to check the program, but I did not see any connection nor identified a familiar name. I remain focused to the presentation and took some notes. And I was not the only one that was stuck to the theme. The entire room was following the words and explanations of that middle-aged speaker, already with many white hairs.

It was a dynamic and active presentation, which talked about a city. A new city for the future, sustainable and full of technology and latest generation services, ready for the most diverse and varied experiments, the Internet of Things, including some signed by names like McLaren or Microsoft. Yes, it was a city that would have true Formula 1 technology, adapted to buildings and utilities. Like me, many of the people present almost imagined the city. We were transported to its squares, to the laboratories and the streets teeming with the best professionals in the world in the most diverse sectors of activity. Sincerely, I was appreciating the idea. In fact, knowing that it was a great global project, which would be developed in my country, in Portugal, caused me chills of excitement and it seduced me too. I started to visualize a chronicle about the theme and then I searched for more details, even during the presentation. In the meantime, the speaker had finished talking and gave space to questions of assistance. And there were many of them. Curiosity, interest and enthusiasm. Applause and wishes for success. When I tried to speak with him personally to get more details, unfortunately he had already left. But I fixed his name: Steve Lewis.

steve lewis

Crossing the desert

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Smart to Future Cities 2014 speaker line-up to be revealed on Twitter

Ovum Smart Cities

Join us on Twitter at 12:30 GMT/ 13:30 CET on Tuesday 4th February, for the full release of the Ovum Smart to Future Cities 2014 speaker line-up. There are some very big names involved, which we’re very excited about, and hope you will be too. Don’t miss it!

@ovumlive

Smart Cities in the UK to reach new heights

While I feel that Smart City development is something that lends itself to co-operation, as well as competition, it was great to read this press release from the UK Government about their ambitions for Smart Cities in the UK, specifically about the creation of the Smart Cities Forum. The opening to the release is below:

‘Government, cities, businesses and universities are joining forces to make sure the UK is leading the global race to develop smarter cities.

Government, cities, businesses and universities are joining forces to make sure the UK is leading the global race to develop smarter cities. A new forum led by government, will see local authorities and businesses working together to ensure that growth opportunities are not missed in a market estimated to be worth more than $400 billion globally by 2020.

The Smart Cities Forum has met for the first time today (18 December 2013) and will develop plans to support the creation of smarter cities in the UK. Smart cities have the potential for businesses to plan efficient routes to transport goods, allow local authorities to create effective public health services and provide the public with access to real time data so they can plan their daily activities.

The forum is being co-chaired by Universities and Science Minister David Willetts and Cities Minister Greg Clark.

David Willetts said:

There is huge potential for the UK to be the world leader in smart cities. We are well placed to take advantage of up to a $40 billion share of the market place by 2020, so we must make sure we do not miss this opportunity. The new Smart Cities Forum will bring the best minds together on a regular basis to establish a clear plan to exploit the exciting technologies that we have at our disposal.’

David Willetts will be speaking at Ovum’s Smart to Future Cities in April 2014 – www.smarttofuture.com – which is particularly exciting. Other speakers, who are also members of the Smart Cities Forum include Sir Alan Wilson, University College London; Peter Madden, Future Cities Catapult; Scott Steedman, British Standards Institution (BSI), as well as representatives from the cities of Sunderland, Bristol, London, Milton Keynes, Glasgow, Birmingham… [and outside of the UK] Chicago, Bilbao, Barcelona, Helsinki, Berlin and more. Check out the speaker line-up here.

Technology end-users from City Councils and Enterprises can register for the event for free, so be sure to secure your place today, and let’s see how Smart Cities can show us that the future is nearer than we think.