New and emerging technologies promise to deliver many benefits to the ways we live and travel in towns, cities and rural areas.
However, the complexity of the systems which must be navigated to introduce new products and services in this space, coupled with strict regulatory environments, place a constraint on businesses seeking to exploit such opportunities.
Meanwhile conservative commissioning cultures and constrained public budgets similarly limits demand, meaning that the much-needed upgrades – and their benefits – are not easily achieved. This is the market failure that the Connected Places Catapult exists to address.