Tuesday 11 November 2014 – Media Release
Second phase of Cognicity Challenge open for applications
Canary Wharf Group plc has today opened Cognicity Challenge for applications from start-ups and companies focused on smart cities technology for its ‘Integrated Resource Management’ and ‘Automated Building Management’ challenges.
Cognicity, a new initiative launched on 21 October to enable Canary Wharf Group to play a leading role in the development of world-class new smart cities technologies will comprise six challenges, of which the third and fourth have opened today, following the Sustainable Buildings and Integrated Transportation challenges which have been previously announced. Through Cognicity, the Group will be able to identify and buy solutions from the most promising smart cities and IOT (internet of things) innovators – from start-ups to major corporations.
The winner of each Challenge will be awarded £50,000 of prize money and offered the opportunity to develop and pilot their technologies within the Canary Wharf Group Estate, including the planned 4.9 million sq ft mixed use extension adjacent to the Estate on the site formerly known as Wood Wharf. This ‘piloting phase’ will be a groundbreaking step requiring industry-leading change throughout the Group’s operations, demonstrating its ongoing commitment to building cities of the future.
The start-ups in each challenge will receive specialist mentoring and training from experienced Canary Wharf Group executives and other major industry players, shared support services and workspace, as well as access to the Level39 tech community at One Canada Square.
Anyone interested in applying can do so through the Cognicity microsite – www.cognicity.london. Successful applicants will move in to start the accelerator programmes in early 2015.
For further information, please contact:
Aleka Bhutiani, Director, FTI Consulting
T: 020 3727 1048
NOTES TO EDITORS:
About Canary Wharf Group plc:
Canary Wharf Group plc is an integrated property development, investment and management group of companies. It is focussed on the design, construction, leasing and management of grade A office space and high-quality retail, residential and leisure facilities in central London. Over the past 20 years Canary Wharf Group has regenerated derelict wharves into one of the world’s premier business and shopping districts, constructing over 16m sq ft of office space; more than any other company in London. These buildings are now occupied by over 100,000 people.
Canary Wharf Group’s tenants, clients and occupiers include some of the world’s leading business organisations from the media, legal, accounting, financial services, IT, energy and transport sectors. Canary Wharf Group has also developed and successfully let over 300 shops, bars, cafes and restaurants including many of Britain’s leading brands.
In addition to development on the Canary Wharf Estate, the Group is also involved with projects across London. The Pan Peninsula and Drapers Gardens developments have been successfully completed and construction continues on 20 Fenchurch Street (Walkie Talkie) in the City of London which is already 90% let or under offer. The Group is also in a joint venture with Qatari Diar for the redevelopment of the Shell Centre on London’s South Bank.
About Level39 at Canary Wharf
Established by Canary Wharf Group plc, at 29,000 square feet, Level39 is Europe’s largest accelerator space for businesses innovating in financial, retail and future city technologies. It helps growing businesses to deliver world-class financial technology products and services through unrivalled access to office, event and social facilities, new customers, partners, talent, investment, ideas and social and cultural amenities provided by Canary Wharf.
Level39’s layout has been designed in ‘tech industry’ style by architects Gensler, who have worked on some of the world’s most exciting workspaces including offices for Facebook and Google.
About Cognicity Challenge
Cognicity Challenge is a major global initiative offering startups a unique opportunity to develop and deploy new smart city technology at one of London’s leading business and lifestyle destinations, Canary Wharf, which will become the most technologically advanced ‘smart city’ in the world.
The two accelerators open for applications today, Integrated Resource Management and Automated Building Management, represent a third of the package of six global challenges. Following a rigorous selection process, six startups in each sector will be invited to participate in a 12-week accelerator programme. The winner of each accelerator programme will receive £50,000 in prize money.
The Integrated Resource Management accelerator is open to startups that are working on improving the integration of infrastructure, demand-side response and optimising computing clusters and networking with the intention of creating technology solutions that optimise the use of energy and water and reduce waste while offering the flexibility to support growth and evolving security requirements.
The Automated Building Management accelerator is seeking applications from startups that have developed digital platforms that deploy simple problem solving solutions that interpret the resulting data to inform future building management decision-making. The products they design will use advanced analytics to automate solutions and detect issues before problems emerge, to assign priority in maintenance, and ensure all parts of a building are running at optimum levels.
The full list of challenges is as follows:
- Cognicity Challenge: Sustainable Buildings
- Cognicity Challenge: Integrated Transportation
- Cognicity Challenge: Connected Home
- Cognicity Challenge: Virtual Design & Construction
- Cognicity Challenge: Integrated Resource Management
- Cognicity Challenge: Automated Building Management