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Government launches £10m IoT competition

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The government has launched a £10m Internet of Things competition for UK cities as part of its wider investment in the IoT.

UK cities and businesses are being encouraged to apply for a £10m fund in a competition that will revolutionise the way the IoT benefits citizens by offering environmental improvements, economic opportunities, and more efficient and effective delivery of services such as transport, healthcare and energy.

Digital economy minister Ed Vaizey said: “The Internet of Things is rapidly becoming part of our everyday lives.

IoT in the banking industry: A logical evolution or a true revolution?

“The UK technology sector is renowned for its creativity and pioneering research and development. This competition will be instrumental in discovering new connections between city services and their users, and identifying many more advantages that the Internet of Things could offer.”

IoT is a major area of growth and will have a transformative effect on society and a recent report by Arup estimates that the global value of the IoT sector will exceed £255bn a year by 2020.

Cities can use IoT to improve services for their citizens, increase quality of life and make better-informed decisions more quickly. The success of cities will depend on them working in new ways with new partners.

Nick Appleyard, Innovate UK’s deputy director for government partnerships, added: “The Internet of Things is on the brink of connecting communities and commerce across the UK.

“The transformative technology will make our lives more connected, allowing us to make more informed decisions based on data and drive the productivity of companies.

“The UK has the opportunity to become a world-leader in this sector, boosting the economy and creating the jobs of tomorrow. Innovate UK has a vital part to play in working with companies and local partnerships to make this happen.”

Projects must be collaborative and led by a local authority or local enterprise partnership (or an equivalent body outside England). Projects should involve at least one local authority, one local enterprise partnership and several businesses.

Deadline for registration is at noon on 23 September 2015, with the deadline for applications at noon on 30 September 2015

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