Thursday 12 November 2015 – Media Release
London’s First Smart City Ecosystem Opens in Canary Wharf
Canary Wharf Group has launched a dedicated smart city hub at its Level39 technology accelerator, building on the success of its recent Cognicity Challenge.
The “Cognicity Hub”, activated by graduates of the Challenge, an initiative to discover, develop and deploy smart cities technologies on the Canary Wharf estate, will create a dedicated space for Level39 smart cities members and other smart cities companies to grow their businesses, showcase their technologies and take advantage of the collaborative and supportive working environment at Level39.
The first occupants of the Cognicity Hub will be based at High Growth Space: 24, a 25,000 sq ft co-working space on the 24th floor of One Canada Square, one of the three floors that comprise Level39.
The Cognicity Hub will incorporate alumni of the 2015 Challenge and is also seeking new, high-potential smart cities companies which wish to benefit from being affiliated with the Cognicity brand and its status as a major source of innovation and thought leadership within this sector.
The shared workspace will enable companies to work together to find smart cities solutions, which are capable of operating in an interconnected way, drawing on Big Data and the Internet of Things (IoT). This will include Cognicity pilot companies Boldmind, Voyage Control and Demand Logic, all of which have been selected to pilot their technologies at Canary Wharf to help create efficiencies and convenience in the operation of the estate.
To turbocharge the growth of smart cities companies at Level39 – a tailored Cognicity curriculum has been designed, providing Cognicity Hub members access to Level39’s long-standing partners, industry players and investors, as well as one-to-one mentorship with smart cities and IoT experts and a range of complementary startup activities and events.
Canary Wharf Contractors’ Managing Director, Cormac MacCrann said: “The high growth environment at Level39 has proven highly effective at helping promising new companies reach their potential. By creating a dedicated Cognicity Hub, we aim to support the development of some of the most exciting breakthrough technologies in the smart cities space, to benefit our own development pipeline and the whole sector.
“This highly supportive and dynamic workspace is designed to deliver tangible, authentic innovation which will have the power to transform the way that we live in and manage our cities.”
“We are very excited to be part of such a forward-thinking ecosystem that will help us develop new ideas and deploy interoperable real world solutions, while collaborating with like-minded innovators,” said James Swanston, Founder & CEO of Voyage Control.”
For more information please contact:
0203 668 3603
020 3668 3600
NOTES TO EDITORS
About Canary Wharf Group plc
Canary Wharf Group plc has overseen the largest urban regeneration project ever undertaken in Europe, designing and building more than 16m sq ft of iconic London real estate, which now houses local and international companies and renowned retailers.
Canary Wharf Group is a wholly owned joint venture between Brookfield Property Partners and the Qatar Investment Authority.
Cognicity is the city of the future, realised today. This pioneering project identifies and accelerates the development of smart city technologies, transforming Canary Wharf into a smarter, more aware city. The first phase of Cognicity was the Cognicity Challenge, which comprised six streams of six companies each. Partners and sponsors provided guidance to the selected companies over a 12-week curriculum and the winners in each work stream received a £50,000 cash prize and the opportunity to pilot their solutions in the ongoing development of Canary Wharf.
Following the success of the Cognicity Challenge, Level39 is now incorporating the activities of Cognicity into a smart city hub on High Growth Space: 24 of One Canada Square. The Cognicity Hub provides a connected and collaborative environment for innovators, SMEs and corporates to create interoperable smart cities solutions while contributing to London’s thriving smart cities agenda, in one of the world’s smartest, most innovative areas – Canary Wharf.
Level39 is Europe’s largest technology accelerator for businesses in the finance, retail, cyber-security and future cities technologies sector.
Level39 puts entrepreneurs in the same space as some of the world’s most influential technology investors, industry experts and organisations, accelerating their traction and access to markets.
Since it opened on 18 March 2013 by Boris Johnson, Mayor of London, Level39 now occupies the 39th, 42nd and 24th floors of the iconic One Canada Square building. Level39 was established, and is wholly owned, by the Canary Wharf Group plc.