The initiative aims to help communities make more effective use of resources from the Smart Cities Challenge programme
Nokia and Smart City Capital have teamed up to help Canadian cities fund smart city projects.
Smart City Capital is making more than CAD $2bn available to drive forward the initiatives and increase take up of smart, safe, and sustainable smart city deployments throughout Canada.
The programme complements the Smart Cities Challenge programme announced by Infrastructure Canada earlier in 2018.
“Funding is a major stumbling block for government entities embarking on the journey of a smart city transformation,” said Shawn Sparling, head of enterprise sales, Canada for Nokia.
“With our partner Smart City Capital, we bring our global expertise and the capital necessary to successfully execute and deliver smart city projects, across Canada.”
To support this effort, the companies have created a best-in-class partner ecosystem that includes suppliers of a broad range of technology solutions, standardised and scalable communications network infrastructure and platforms, and architecture and engineering services.
This ecosystem is designed to help facilitate the adoption of smart city applications in areas including public safety, smart transit, autonomous vehicle and vehicle to X (V2X) and more.
“Nokia’s growing expertise in smart city deployments and project management, coupled with our strong funding base and innovative funding model, puts us in an ideal position to help simplify, expedite, and increase the adoption of smart, safe, and sustainable smart city deployments throughout the country,” added Oscar Bode, CEO, Smart City Capital.
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