The first of a series of white papers on smart cities
at Osborne Clarke.com
Cities need innovative solutions to help meet the long-term challenges arising from urbanisation. But, for cities to justify investment in smart technology, it needs to have been proven at scale and delivered tangible benefits. Some of the most innovative technology is being developed by early-stage companies that simply don’t have the funding to finance a large scale demonstration of their technology. This is where the real funding gap emerges.
This report looks at the structure, participants and funding models of existing smart city demonstration projects. It analyses why these were successful, discusses why more demonstration projects are not being launched and provides insights on what might be done to encourage more.