EIP-SCC Matchmaking event at the Smart City Expo World Congress

14/11/2018 - 14/11/2018 (Barcelona)

During the Smart City Expo World Congress in Barcelona, the EIP-SCC is organising a Matchmaking on November 14. This initiative is designed to facilitate interactions between actors in urban development smart initiatives and the financial sector through one-to-one discussions of approximately half-an-hour.

As projects developed without sufficiently considering the financial aspects from the early design phase tend to fail. The matchmaking can be the right place where projects that are being designed can be unveiled to financiers and investors and:

  • receive their feedback on the project
  • identify main risks and suggestions on how to handle them, to enhance the project's financial stability
  • learn from the beginning about the opportunities to financially sustain the project and the conditions that the various financial institutions apply.
  • create long term relationships that can ultimately lead to actual financial support to the project.

Local public authorities have financial constraints that usually make it either not possible or less efficient to sustain the investment cost of smart city projects with public debt only. Investments usually require high upfront capital expenditures, which would require to divert resources from other expenditures that municipalities have to sustain (and this may not be efficient).

In this regard, financial institutions involved can have a key role because:

  • they can anticipate such resources in exchange of a long-term repayment schedule.
  • they may be aware of schemes and opportunities to have private capital sustaining entirely or in part such cost (i.e. a pension fund involved in the matchmaking has just applied this business case for smart lighting in even small municipalities, where they can anticipate the capital and be rewarded with the cost savings, without any burden on the municipal budget).
  • they can choose in some cases to directly invest in the project (i.e. equity or quasi-equity), therefore bearing some of the costs themselves and not simply anticipating them.

The range of opportunities is very vast, and, most important, the matchmaking enables to create relationships between project promoters (municipalities) and financial institutions that can accompany the development of the project until its actual implementation, ensuring a successful financial support.

Join us on November 14!

Cities interested in participating should contact:

Anne Charlotte Trapp: annecharlotte.trapp@eurocities.eu

Bernadett Köteles-Degrendele: bernadett.degrendele@eurocities.eu

Register and submit your project under the following link : https://bit.ly/2AcGhGA 

SEE ALSO

event

ICSIC conference
08/07/2019 - 10/07/2019

webinar

Challenges and enablers for replicating smart city solutions
09/11/2018 - 09/11/2018

event

EIP-SCC Matchmaking event at the Smart City Expo World Congress
14/11/2018 - 14/11/2018

This project has received funding from the European Union's Horizon 2020 research and innovation programme under Grant Agreement N°691895

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Nathan Pierce

Programme Director

Greater London Authority
pmo@sharingcities.eu

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Bernadett K├Âteles-Degrendele

Communication & Replication

EUROCITIES
bernadett.degrendele@eurocities.eu
+32 479 52 04 81