Cisco announced a $1 billion City Infrastructure Financing Acceleration Program aimed to assist cities around the world to fund and adopt technologies to transform their communities.
Cisco Capital in partnership with private equity firm Digital Alpha Advisors and pension fund investors APG Asset Management (APG) and Whitehelm Capital will offer the smart city fund.
“Funding is a major stumbling block for municipalities beginning their smart city transformation,” said Anil Menon, global president of Cisco’s Smart+Connected Communities.
The program helps cities assemble finance instruments to fund and deploy innovative technology with minimal initial investment.
Cisco also added functionality to its Cisco Kinetic for Cities, which integrated with the Cisco Kinetic IoT data platform.
The new features provide enhanced support for public safety. From the new full-policy automation options to an improved dashboard with integrated video, updates to the platform put citizen safety first.
Real-time notification of emergency information now draws on additional IoT data sources and Cisco Spark Collaboration, enabling faster emergency response.
Cisco has also announced new purchasing options for Cisco Kinetic for Cities, including prepackaged starter solutions, which combine the Cisco IoT data platform, solution, and services with those from our ecosystem partners into ready-to-roll-out, end-to-end solution suites.