Over the past two decades, Canary Wharf Group has crafted the original smart city at Canary Wharf, designing services and systems into the fabric of the infrastructure and built environment to ensure their resilience, security and effectiveness. We have constructed 16.4m sq ft of superior office, retail and leisure space, creating an instantly recognisable inner London skyline of 35 buildings and attracting high quality, global tenants. The company’s original masterplan for Canary Wharf was finished in 2014 with the completion of the office building at 25 Churchill Place.
In preparation for the next phase of Canary Wharf, we decided back in 2012 to create a world-leading community comprised of the companies of the future at Level39. As they have arrived, these startups have joined a wealth of existing, mature technology companies across Canary Wharf including Infosys, Thomson Reuters, McGrawHill, First Data, Skrill, Truphone and Alibaba.
Our fintech startups benefit from being in close proximity to their natural client base in the banking, financial and professional services sectors. Since opening Level39 on the 39th floor of One Canada Square, Canary Wharf Group has responded to the high level of demand we have experienced by opening two further spaces for growing technology companies. These floors – ‘High Growth Space: 42’ and ‘High Growth Space: 24’ – opened in September 2013 and January 2015 respectively and now house high growth technology companies of between 10-40 people.
In November 2014, Canary Wharf Group launched the Cognicity Challenge to promote the development of smart cities technology and the interconnectedness of systems in future cities. The Cognicity Challenge is comprised of six individual challenges, each of which target key areas of city development. Welcoming smart cities startup companies here is a natural continuation of the Group’s original aim to create the cityscapes of and for the future. The site to the east of Canary Wharf formerly called Wood Wharf, is now preparing to become home to major new technology companies.
Following the success of the Cognicity Challenge, several of the technologies were invited to pilot on the estate including solar-powered smart benches and a freight-logistics platform.
The continued development of smart cities technology is of increasing importance to Canary Wharf Group and this is why we decided to launch a dedicated space for these businesses on Level39’s High Growth Space: 24, the Cognicity Hub.
The hub represents London’s leading smart cities ecosystem, bringing together the most exciting developments in future cities technology, and giving them expert mentoring as well as opportunity to showcase their products. Global technology player Intel is a founding technology partner to this hub, providing their hardware and expertise to these innovative companies.
At Canary Wharf Group we think it’s critical to be on the cutting edge of what is changing our world and we will continue to invest our capital and resources in Level39 and its associated projects and initiatives.