City Possible, pioneered by Mastercard, is a partnership and co-creation initiative that brings cities, companies, and communities together to identify common challenges and co-develop solutions that advance inclusive and sustainable urban development.
Connected Places Catapult is the UK’s innovation accelerator for cities, transport, and places. The Catapult provides impartial ‘innovation as a service’ for mobility and built environment businesses, infrastructure providers and public institutions to catalyse step-change improvements in the way people live, work and travel.
The MoU lays the foundations for the partnership to accelerate the adoption of innovative solutions in cities worldwide, using a people centred approach that will leverage synergies between Mastercard’s City Possible platform and the Catapult’s expertise, ecosystem, and past successes. To design and deliver such solutions, the partnership will explore, identify, and design opportunities to connect cities and public sector entities through engaging the global urban innovation ecosystem and opening new markets.