What is the City Financing Acceleration Program?
The City Financing Acceleration Program will lend cities enough cash to buy it IoT gear so they can speed up their smart city transformation.
19:22 15 November 2017
Anil Menon, Global President of Cisco’s Smart+Connected Communities, said: “Funding is a major stumbling block for municipalities beginning their smart city transformation. With our partners, Cisco will bring the capital and expertise it takes to make smart city projects a reality. Digital Alpha, APG, and Whitehelm Capital bring a fresh perspective on investment in an area that has previously been perceived as too new and, therefore, too difficult to finance.”
In other news, Cisco has renamed its general IoT platform from Smart+Connected Digital Platform to Cisco Kinetic for Cities. It has also added new tools to support public safety and is now using the town of Cary, North Carolina as a ‘living lab’ to showcase all its innovative technology.
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