According to the HyperCat Consortium, the global market for smart city technology solutions & services will be US$408bn by 2020
smart city
According to the HyperCat Consortium, the global market for smart city technology solutions & services will be US$408bn by 2020

In the UK, Internet of Things consortium HyperCat, including members such as IBM, Intel and ARM, has opened a new facility in west London - a think tank for the public and private sectors to test ideas and technology for smart cities.

According to its website, the HyperCat Consortium aims to create an "inclusive one-stop shop of best practice IoT implementation through the sharing of knowledge of processes and applications".

The #HyperCatCity accelerator, based in West London, supports a Mayoral development corporation and the Greater London Authority to help shape the smart strategy of what is claimed to be the UK’s single largest regeneration project.

The accelerator will focus on various smart city development areas, including smart utilities infrastructure, access to data, technology for health and social care, smart and safe transport, air quality and smart energy.

Work will also include exploring different approaches to financing, governance and procurement of smart city infrastructure developments.

The consortium said it is providing  “a physical space and natural organisation to bring together companies that create services and cities that could have a need for them," said Nick Monnickendam, director of marketing for internet of things specialist Flexeye.

Flexeye is the HyperCat Consortium's lead organisation and founding member.

Its work will also take into account approaches to financing, governance and procurement in smart city developments.

Smart city development

The accelerator was established as part of a large regeneration project in West London, which has included the creation of the Old Oak & Park Royal Development Corporation, as well as the Urban Innovation Centre on the site under the Future Cities Catapult.

Future Cities Catapault is a urban city development initiative operation out of the Urban Innovation Centre to support the development of new products and services, test ideas and develop business models.

Commenting on the #HyperCatCity accelerator and urban regeneration programmes, Scott Cain, chief business officer of the Future Cities Catapult, said: “It involves working on a multitude of technologies that relate to utilities, transport, communications and physical infrastructure.

“A lot of it is about sharing the data and turning it into valuable services over time.”

Mr Cain added: “We set up the Urban Innovation Centre to be a destination for businesses, academics and city leaders to discuss and develop the cities of the future.

"It's a space for urban innovators to work together, so that they can turn human insights and ingenious new technologies and processes into applied products and services that will be deployed in cities around the world."