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:
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:
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: firstname.lastname@example.org
Bernadett Köteles-Degrendele: email@example.com
Register and submit your project under the following link : https://bit.ly/2AcGhGA
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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