Lancaster-based tech firm Gaist Solutions is joining a major UK-India trade initiative to break into the multi-billion pound smart cities market in India.
The successful business is joining the Connected Cities Entrepreneurs Mission to India between November 6-12.
This includes attending the high profile India-UK Tech Summit in New Delhi, visiting other cities including Pune and Kochi, and pitching to potential customers, partners and investors.
The Mission is a joint initiative between Innovate UK, the Department for International Trade, Enterprise Europe Network and Future Cities Catapult and will form part of a series of UK-India missions organised by DIT to tie in with the India-UK Tech Summit.
鈥淚t is vital that UK innovators look to engage globally in developing new partnerships and market opportunities,鈥漵aid Innovate UK chief executive Ruth McKernan.
鈥淭he size of the opportunity from the Indian smart cities market is immense with 拢24 billion investment expected across 100 cities over the next five to seven years.
鈥淯K small businesses are very well placed to take advantage of this market.鈥�
Steve Birdsall, managing director of Gaist Solutions, said: 鈥淎t Gaist we recognise that Smart Cities will only develop if the right physical transportation infrastructure is in place and maintained correctly.
鈥淲e see a huge opportunity in deploying the technology and services into India that will rapidly provide the information needed to empower decision makers to take the right strategic decisions that will ensure that the transportation networks will support sustained urbanisation long into the future.
鈥淕aist already have a joint venture in India and are looking to grow a network of partners and clients across the whole of India over the coming year.鈥�
Gaist Solutions has developed technological solutions that are allowing huge volumes of information relating to the position and serviceability of highways infrastructure and allows vivid visualisation of these assets in context with other data needed to understand how their networks are operating.
They provide clients with the ability to model the long term usage and performance of their highways networks whilst providing the optimal financial plans to support the whole of life management.
The following companies are taking part in the Connected Cities Entrepreneurs鈥� Mission:
- , London – platform for efficient review of large video datasets for law enforcement
- , Cricklade near Swindon – IoT Analytics platform for the healthcare sector to support people living independently with long term cognitive and mobility impairment such as dementia and intellectual disabilities
- Telford, Shropshire – company specialising in solving complex data problems for enterprises working in the energy, water, waste, building management sector
- , Leighton Buzzard 鈥� provides insight into the way people move on foot, in a vehicle or by train, using new ways of identifying and analysing demand activity.
- , – a London based start-up focussed on developing IoT products and solutions
- , a London based urban technology innovation company creating products and services combining human and machine intelligence to co-create smarter cities with cities with citizens, businesses, cities and service-providers.
- , Southampton – use AI powered analytics, data sharing and secure IOT technologies to run cities smarter: their technology is used to plan infrastructure for growing cities, to run health, social care and waste services more efficiently, and generate revenue by analysing聽business rates. Through data they generate value.
- , Northern Ireland – produces patent pending sensor technology to crowdsource smart and future cities data.
- , Lancaster – providing detailed understanding of highways infrastructure via hi-tech mobile video systems and state of the art deterioration and investment modelling systems
- , Cranfield – pedestrian smart mobility software-as-a-service platform (SaaS) for Indoor Location and Internet of Things applications
- , London – building state of the art AI algorithms to automate CCTV based video surveillance that have been done manually by people located in control rooms