The expected rise of the number of people living in urban areas, established in 60% before 2025, will result in the need of redesigning city infrastructures. Urban areas could mitigate this issue by taking profit of leading technologies to increase efficiency, to reduce costs and to enhance the quality of life.
EUREKA, the Europe-wide network for industrial research and development, held yesterday its Swiss Innovation event in Basel (Switzerland) in which the EUREKA Clusters’ Chairpersons, the Swiss EUREKA Chairman, Bruno Moor, and the Head of the EUREKA Secretariat, Pedro de Sampaio Nunes, signed a memorandum of understanding on Smart City.
All parties aim to encourage and facilitate collaborative innovative proposals addressing Smart Cities. It is expected that this initiative could represent up to 2 billion euros by 2020, for which the support of EUREKA Member States is requested.
EUREKA believes that this agreement will increase interest and project participation in this area and will encourage the industry to enable business models and empower people.
Since 2010, more than 100 projects contributing to Smart Cities and representing 1,1 billion euros of public and private funding have been labelled by EUREKA.
See more Eureka Smart City projects on the website.