You are viewing 1 of 3 articles without an email address.


All our articles are free to read, but complete your details for free access to full site!

Already a Member?
Login Join us now

Cisco accelerates financing for smart cities

It is also announcing added functionality to its Cisco Kinetic for Cities, including enhanced support for public safety

LinkedIn Twitter Facebook
Cisco wants to make the path to smart easier, faster and more affordable for cities
Cisco wants to make the path to smart easier, faster and more affordable for cities

Cisco has announced a $1bn City Infrastructure Financing Acceleration Programme for smart cities at Smart City Expo World Congress (SCEWC17) in Barcelona. The programme is designed to make it easier, faster, and more affordable for cities around the world to fund and adopt technologies that will transform their communities.

The funding will be provided through Cisco Capital in partnership with private equity firm Digital Alpha Advisors and pension fund investors APG Asset Management (APG) and Whitehelm Capital.

 

“Funding is a major stumbling block for municipalities beginning their smart city transformation,” said Anil Menon, global president of Cisco’s Smart+Connected Communities. “With our partners, Cisco will bring the capital and expertise it takes to make smart city projects a reality. Digital Alpha, APG, and Whitehelm Capital bring a fresh perspective on investment in an area that has previously been perceived as too new and, therefore, too difficult to finance.”

 

The programme helps cities assemble the right type or suite of finance instruments to fund and deploy innovative technology with minimal initial investment. Whether a city is looking to reduce energy usage, ease traffic and parking, or boost public transportation ridership and revenues, the programme will help cities with solutions.

 

Revenue-share financing, for instance, even allows a city to tie financing to desired outcomes and extend future operating budgets through revenue streams from the new services that a digitised infrastructure makes possible.

 

Cisco will also use Expo to announce added functionality to its newly renamed connected digital platform, Cisco Kinetic for Cities, which integrated with the Cisco Kinetic IoT data platform.

 

The new features provide enhanced support for public safety. From the new full-policy automation options to an improved dashboard with integrated video, updates to the platform put citizen safety first. Real-time notification of emergency information now draws on additional IoT data sources and Cisco Spark Collaboration, enabling faster emergency response.

 

Cisco has also announced new purchasing options for Cisco Kinetic for Cities, including prepackaged starter solutions, which combine the Cisco IoT data platform, solution, and services with those from our ecosystem partners into ready-to-roll-out, end-to-end solution suites.

 

Cisco has added a number of new Cisco Kinetic for Cities customers. The Town of Cary, North Carolina, for instance, has created a Living Lab providing smart city technologies to improve the lives of citizens. Using the Cisco Kinetic for Cities platform, town officials can actively monitor the number of available parking spots -- particularly spots for the handicapped -- to gauge use and help with planning.

 

“The Cisco Kinetic for Cities platform provides us the tools we need to positively affect our citizens’ lives,” said Terry Yates, Infrastructure and Network Manager, Town of Cary, North Carolina.

 

If you like this, you might be interested in reading the following:

 

Check out the latest news from Smart City Expo World Congress 2017

at our dedicated hub

Read more

 

Three-quarters of IoT projects are failing

Study released by Cisco at its IoT World Forum 2017 finds that many initiatives falter at the proof of concept stage

Read more

 

From Manchester to Melbourne

The UK’s CityVerve smart city demonstrator aims to build a blueprint for cities around the world. Upcoming projects include talkative buses, smart-sensing trams and gamifying health and fitness.

Read more

LinkedIn Twitter Facebook