Smart City challenge calls for startups with social impact

Image
Press Trust of India New Delhi
Last Updated : Oct 23 2017 | 4:57 PM IST
A new Smart City challenge has been launched in India which encourages young entrepreneurs to identify local problems and develop innovative solutions which have a lasting social impact and are also successful businesses.
Smart City 4.0, recently launched by the Innovation Acceleration Group at the University of California Berkeley, US, seeks to develop skills for industry, mentor innovators, accelerate technologies and create fundable startups that work towards developing smart cities in India.
As a part of the ongoing initiative, India's Smart City Co-Innovation Lab will be established in Allahabad, a city that has been identified by the government under its 100 smart cities mission.
"The challenge is that there is so much new technology coming that can have an impact," said Innovation Acceleration Group executive director Andre Marquis.
But people often think of technology first and then try to look at how it will solve problems, he said.
"At UC Berkeley we look at it differently - you have to get in touch with the customer. We teach people to get out of the building, understand the customer's problems and build a viable business model that could help solve those problems - and then go build it," Marquis told PTI.
Launched in collaboration with the United States India Strategic Partnership Forum and 1M1B, a non-profit body, Smart City 4.0 aims at developing the skills of young innovators, startups and large corporations for solutions that make cities "smart, safe and sustainable".
The lab will enable large, mid-sized companies and startups to work with citizens and create sustainable solutions together.
The programme will invite young people between the ages of 18 and 29 to co-create smart city solutions after understanding issues that affect the people of a city.
The areas of focus will be artificial intelligence, water, energy, transportation, waste management, healthcare, climate and smart agriculture.
The programme will run on two tracks -- one for students and the other for startups. The top 20 ideas will enter the Smart City Co-Innovation Lab and will be mentored by industry experts.
The final two teams in the students' category will present their innovations at the Global Social Venture Competition in Milan, Italy, in April 2018, and compete for the top prizes worth USD 80,000 (about Rs 52 lakh).
The top five teams in the startup group will present their ideas to the Chief Minister of Uttar Pradesh in October 2018, and work with different government departments to implement their smart city solutions.
"In a year, we are looking at about 15-20 startups to be produced from one lab," said Manav Subodh, director, International Development, Innovation Acceleration Group.
The initiative is designed to create 'Make in India', with local solutions to local problems, and at a larger level, to develop skills among young innovators of India to gear up for the fourth industrial revolution, he said.
The Allahabad Innovation Lab is scheduled to start on January 9, 2018. In the meantime, teams will be shortlisted for the challenge, the organisers said.
UC Berkeley hopes to establish ten more labs across India and is looking for partners to take the model to cities such as Vizag, Bangalore and Pune.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 23 2017 | 4:57 PM IST

Next Story