McKernan: The size of the opportunity of the Indian smart cities market is "immense"
Innovate UK has announced the 11 entrepreneurs who will join the innovation agency on its Connected Cities trade mission to India between 6-12 November.
The companies will be aiming to break into the multi-billion pound smart cities market in India. The companies will attend the high-profile India-UK Tech Summit in New Delhi, visit other cities including Pune and Kochi and pitch to potential customers, partners and investors.
The Mission is a joint initiative between Innovate UK, the Department for International Trade, Enterprise Europe Network, and Future Cities Catapult and will form part of a series of UK-India missions organised by DIT to tie in with the India-UK Tech Summit.
Announcing the companies at Innovate 2016 in Manchester, Ruth McKernan, chief executive of Innovate UK said: “It is vital that UK innovators look to engage globally in developing new partnerships and market opportunities. The size of the opportunity from the Indian smart cities market is immense with £24 billion investment expected across 100 cities over the next five to seven years.
“UK small businesses are very well placed to take advantage of this market, and this is why we are running our next entrepreneurs’ mission to India and the India-UK Tech Summit.”
Peter Madden, CEO at Future Cities Catapult said: "At Future Cities Catapult we support high-growth businesses to innovate city-wide solutions. By supporting UK entrepreneurs to participate in Indian trade missions, we’re increasing the export potential of these UK SMEs and at the same time helping Indian cities tackle the challenges of a rapid urbanisation.”
The companies which will be taking part in the Connected Cities Entrepreneurs’ Mission are:
- SeeQuestor, London: platform for efficient review of large video datasets for law enforcement
- Cascade3d, Cricklade near Swindon: IoT analytics platform for the healthcare sector to support people living independently with long term cognitive and mobility impairment such as dementia and intellectual disabilities
- Bronze Software Labs, Telford, Shropshire: company specialising in solving complex data problems for enterprises working in the energy, water, waste, building management sector
- Citi Logik, London: provides insight into the way people move on foot, in a vehicle or by train, using new ways of identifying and analysing demand activity.
- Ignius, London: a start-up focused on developing IoT products and solutions
- Design 4 Social Change, London: an urban technology innovation company creating products and services combining human and machine intelligence to co-create smarter cities with cities with citizens, businesses, cities and service-providers.
- NquiringMinds, Southampton: use AI powered analytics, data sharing and secure IOT technologies to run cities smarter. Its technology is used to plan infrastructure for growing cities, to run health, social care and waste services more efficiently, and generate revenue by analysing business rates. Through data they generate value.
- See.Sense, Northern Ireland: produces patent pending sensor technology to crowdsource smart and future cities data.
- Gaist Solutions, Lancaster: providing detailed understanding of highways infrastructure via hi-tech mobile video systems and state-of-the-art deterioration and investment modelling systems.
- Briteyellow, Cranfield: pedestrian smart mobility software-as-a-service platform (SaaS) for indoor location and Internet of Things applications
- Calipsa, London: building state-of-the art AI algorithms to automate CCTV based video surveillance that have been done manually by people located in control rooms.
If you like this, you might be interested in reading the following:
UK entrepreneurs’ chance to break into smart cities in India
Innovate UK is calling for British SMEs to apply to take part in a major UK-India smart cities initiative in November
Call for more citizen-centric smart projects in India
In a new report, IDC says more open governance is needed if India’s smart city programme is to achieve its aims
UK and Malaysia’s shared smart vision
Technology will help the country achieve its goal of becoming an advanced economy