Mastercard has launched a global network for urban co-development as part of its City Possible public-private-partnership programme.
The global payments and technology company wants to connect cities with academia and businesses to identify common challenges that can be best addressed through collaboration.
Sixteen cities are becoming founding members of the global City Possible network – representing a diverse mix of geography and size: Athens: Aurora, Illinois; Baltimore; Dubai; Dublin; Helsinki, Honolulu; Kansas City; Melbourne; Prague; San Diego; and Altamonte Springs, Florida; as well as the greater Sydney communities of Campbelltown, Canterbury Bankstown, Liverpool, and Wollondilly. The network is open for additional cities to join.
As a key component of City Possible, Mastercard is partnering with the Technology and Entrepreneurship Centre at Harvard University (Tech) which will host a series of programmes to foster a regular learning exchange among global city leaders.
The first convening will take place this week at Smart City Expo in Barcelona (13-15 November) and focus on urban planning, mobility services and data insights. Participants will also have access to an online community where they can continue the dialogue with their peers.
“Faced with limited resources and competing priorities, city leaders look for solutions that have been tested elsewhere”
“As urban areas around the world continue to grow, cities face common issues – how to provide a healthy environment, safety, affordability and economic opportunity for their communities”, said professor David Ricketts, fellow at Tech.
“Faced with limited resources and competing priorities, city leaders look for solutions that have been tested elsewhere. Through our learning exchanges, we want to equip CIOs and other urban leaders to better navigate this dynamic environment.”
When the sustainable development goals (SDGs) were adopted by the United Nations in 2015, they called for “making cities inclusive, safe, resilient and sustainable”. In order to accelerate local level delivery of the SDGs, the United Nations Global Compact Cities programme will work with City Possible.
Through the collaboration with Mastercard, participating cities can access the City Possible network to identify shared challenges and seek sustainable business models to address them.
Once key challenges that are shared by cities across the globe have been identified, City Possible said it will provide a framework for co-creating, testing and scaling solutions – connecting cities with private sector players that are equally committed to people-centered design.
“The superpower of cities is their freedom to collaborate – allowing them to build on each other’s progress”, added Miguel Gamiño, who heads up global city partnerships for Mastercard.
“By bringing together city leaders from across the globe, City Possible promotes the sharing of ideas and best practices – aimed at advancing more connected and inclusive urban communities. What unites all our public, private and academic partners is their commitment to make technology work for all people and finding scalable solutions for universal needs.”
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