The Importance of Start-up Companies in Smart Cities

Startups are leading the evolution of smart cities

Increasing population, the problems our world is experiencing, The rapid and irregular growth of cities leads especially local governments to smart city applications. World interest in startups working on smart city applications, which include many different areas from transportation to security, from data management to sustainability, is increasing day by day.

As population density increases, cities are experiencing unplanned growth. staying. Considering that more than 2.5 billion people will live in cities all over the world by 2050, this rapid and uneven growth will affect human life even more deeply, an important fact of today. Countries that are aware of this are making serious investments in the smart city field. It is estimated that the smart city market will exceed 1 trillion dollars in 2027. Countries such as Singapore, China and Australia, which are important to the issue, are making significant investments in this field. Startups working in this field are also increasing rapidly and significant income is being generated. By 2025, startups working in the smart city field are planned to generate approximately 111 billion dollars in revenue. Because investments in this field are increasing day by day. For example, the budget allocated by the UK in April to turn every city into a smart city and to create a digital twin of cities is over 600 billion dollars.

The number of smart city-focused startups in different verticals is increasing

While major projects related to smart cities are being implemented all over the world, investor interest is also increasing in startups working on this subject but serving in different verticals. Startups working in the field of transportation are developing solutions designed to reduce urban congestion due to the increasing population and optimize the flow of people, goods and services.

Cyber security initiatives related to smart cities Another standout also stands out vertically. Startups in this field are developing services that use wireless network infrastructure for smart cities. It enables the data produced by the city to be collected and analyzed instantly. It takes measures to protect data privacy in the face of increasing data sharing.

The concept of sustainability lies at the basis of the smart city vision. Initiatives focusing on this area provide services that enable cities to combat pollution. It develops technologies for the efficient use of resources with the increasing population.

In addition, emerging technologies to support the health and safety of city residents or to facilitate the work of local governments have also come to the fore recently. .

Şekip Karakaya, Chairman of the Board of Directors of SAMPAŞ Holding, which has been using the power of informatics for 42 years to strengthen and disseminate the smart city approach, said: “From micromobility and cyber security to environmental monitoring, startups in these fields 's work to make cities more efficient, sustainable and resilient. Because when we say smart city vision, we are talking about a large operation. Sensors, connected devices and software platforms are needed to collect, combine and analyze large amounts of data. These need to be produced especially by new generation technology companies. Technologies related to this field attract great attention from investors, especially in the eastern part of the world, and while the investment in startups here is increasing day by day, the income of startups working in this field is also increasing. So much so that the total value of 10 major investments made in startups working in the smart city field in 2022 was over 787 million dollars. With these investments, the value of these companies approached 5.5 billion dollars. As Turkey, we should also take part in this rapidly growing field in the world, and we should encourage startups working in the smart city field in our country. For this reason, as SAMPAŞ Holding, we launched the Smart City Venture Capital Fund a while ago. With this fund, we invested in 9 startups providing services in the fields of smart city, renewable energy, informatics, waste management and urban transformation, and ensured that the valuations of these companies increased significantly. Today, these startups are doing important work in the smart city field and growing rapidly. Our aim is to invest in companies working in this field, to ensure their growth and to ensure that Turkey has a say in this rapidly developing field in the world.

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