London Mayor Sadiq Khan has announced £1.6 million of funding for green firms in the capital.
The Clean Tech Incubator, which is part of the mayor’s vision to make London the “world’s leading smart city”, will help 100 small businesses deliver low carbon and green products to tackle climate change.
They would include innovations that have the potential to cut greenhouse gas emissions, collaborations between SMEs and research institutions leading to new low carbon products or service development and trialling up to 10 new innovations.
Speaking at the launch of London Tech Week, Mr Khan said the funding will kick-start the development of a cleantech cluster for London, developing a hub for low carbon industries in the capital.
He added: “New technologies are having an enormous impact on our way of life – reshaping our societies, our economies and our culture. My ambition now is to harness the new technologies that are being pioneered right here to transform London into the world’s leading smart city.
“The potential for cutting-edge technology to tackle a host of social, economic and environmental challenges is immeasurable. From air pollution and climate change to housing and transport, new technologies and data science will be at the heart of the long term solutions to urban challenges.”
Mr Khan reaffirmed his pledge to appoint London’s first Chief Digital Officer (CDO), who will work to drive the development of smart city technologies.
The Mayor’s Office is also currently scoping the potential for a new London Office of Technology and Innovation to provide a place where London’s boroughs can come together to share best practice, build collaboration and drive solutions.