Final acceptance of the 2018 AcceliCITY applications officially ends on Monday, August 27th, putting an end to a tremendously successful inaugural Smart City startup competition application process (www.AcceliCITY.com). In the first year of the Smart City startup competition, AcceliCITY has reached over 300 potential applicants and has gained notable traction in the Smart City development space. As the Smart City movement grows and solutions for cities are increasing in demand, Leading Cities’ AcceliCITY competition is becoming an increasingly valuable program for startups to get the right experience, clients, investors, and connections to fulfill their potential of having an impact on the global urban environment. This competition leverages the Leading Cities network of forward thinkers in the public, private, academic, and non-profit sectors for the benefit of cities and Smart City startups on the rise. The program will lower the cost of innovation and open a Smart City marketplace to startups.
Throughout the launch of AcceliCITY, Leading Cities has added two new Smart Challenges to the AcceliCITY competition. The city of Sabadell, and the Massachusetts Clean Energy Center (MassCEC) have offered rewards to AcceliCITY applicants who can best solve the proposed challenge. This not only benefits AcceliCITY competitors, but it helps Sabadell and MassCEC in achieving their goals by utilizing the best this competition has to offer.
Sabadell has a mission to use new Smart City visualization technologies, as in virtual reality, smart signaling, video conferencing, webcams, beacons, embarked cameras, outdoor interactive screens, 3D modeling and the like to further the efficiency and livability of their city and increase citizen engagement. With this mission, they will test emerging technologies for city visualization, as tools to promote Sabadell’s citizen participation 2.0 and increase its social cohesion. There is a need for an easier and more attractive way of presenting information and communicating with citizens through new technologies, as well as using these cutting-edge tools for social empowerment, transparency, and good governance.
As part of the AcceliCITY Smart Challenge sponsored by Sabadell, the city will choose a winner and receive valuable support from city leaders. These opportunities range from one-on-one coaching for entry into the Sabadell market, facilitation of tender application, and a fast track to the finalist round for the Coinnovem contest 2019 to potentially win a pilot project in the city next year. Such a prize can help a Smart City startup secure its first proof of concept project or expand its client list further positioning the startup for increased investment, more projects and overall success.
Similarly, MassCEC, a state economic development agency, is dedicated to accelerating the growth of the clean energy sector across Massachusetts to spur job creation, deliver statewide environmental benefits and to secure long-term economic growth for residents. MassCEC works to increase the adoption of clean energy while driving down costs and delivering financial, environmental, and economic development benefits to energy users and utility customers across the state. Partnering with Leading Cities, MassCEC is sponsoring a Clean Energy Smart Challenge to attract innovative new solutions to the Massachusetts market.
The Clean Energy Smart Challenge will focus on advanced technologies that support the integration of renewable energy or significantly reduce the use of energy from non-renewable sources, including, but not limited to, microgrid, smart meter, demand response, energy storage, or other technologies that provide smart city solutions to clean energy or energy efficiency challenges. An AcceliCITY applicant to the Clean Energy Smart Challenge will be selected by MassCEC who is offering the winner an opportunity to maximize all that the Massachusetts entrepreneurship ecosystem has to offer with a grant for free office space at a qualifying incubator of the winner’s choice.
In addition to access to cities and Smart City leaders around the world through Leading Cities global networks, these Smart Challenges and their sponsors provide the valuable tools and resources most needed by Smart City startups. The AcceliCITY competition goes beyond the limits of a traditional accelerator by leveraging the needs and relationships with municipalities globally to connect Smart City startups directly with the funding, projects, and mentorship needed to succeed.
Leading Cities is not only increasing its global footprint in the Smart City industry, it’s also putting the city of Boston on the map as a global leader in the smart city ecosystem that is a globally growing market at 20% a year, predicted to reach a $3.4T in 2026. In addition to Boston’s rank as #1 in social entrepreneurship, meaning that entrepreneurs innovating for social change found Boston to be the best place to get funding, Boston has been growing rapidly as a place of business with venture capital spending exceeding 6 billion dollars as well as mergers and acquisitions reaching its highest levels ever.
Applications for the 2018 AcceliCITY competition close on Monday, August 27, 2018, at 10:00am EST. All interested startups can learn more or apply by visiting http://www.AcceliCITY.com.