The global Smart Cities market represents a market opportunity of over 13 trillion NOK over the next five years. More than 26 global cities are expected to be smart cities in 2025 and more than half of these will be located in Europe and North America according to research company Frost & Sullivan.
− Our ambition is to make smart and sustainable Norwegian technology more attractive and increase the number of Norwegian companies that succeed globally, says Ellen Rakneberg, program manager at Innovation Norway.
− Participants at our FRAM Smart Cities program are Esmart Systems, Lyse, Westcontrol, Zaptec, FARA, Numascale, Future Home and Nordic Smart Building. They are all examples of companies with unique concepts with global reach. We believe that these companies can take a position in the development of future cities, adds Rakneberg.
− Lyse has success in Norway within fibre broadband and is one of the first in the market with smart home solutions. Our products are well received by customers. Therefore we want to look at the possibilities of how we can bring this into other markets, says Tore Kristoffersen, Project Director at Lyse.
Smart Cities is about knowing how urban life can be improved through the use of information and communication technologies with involvement, integration, good infrastructure, green urban planning, energy efficiency, better transport and waste systems.
− Both in Spain and in the UK there is established expertise for urban innovation and larger cities that act as 'Living Labs' for technology companies who want to test and demonstrate their solutions. These communities attract leading digital companies and are therefore unique expertise and networking arenas for Norwegian entrepreneurs and SMEs, says Gaute Hagerup at Innovation Norway's office in Madrid.
Modules in Spain and the UK
Urbanisation is a key trend in the 20th century, and particularly in Asia towns are growing explosively. From 10 percent in the 1900s and 50 percent in 2007, it is expected that up to 75 percent of all people in the world live in cities by 2050.
Innovation Norway's leadership program runs over eight months in Spain and the UK, with five intensive two-day seminars which include skills training and experience. In Barcelona it also included a visit to the Smart City Expo World Congress, where participants got to meet representatives of smart cities.