The winner of the Grand Prize for the Canada Smart Cities Challenge will receive $50 million CAD ($38.5 million USD).
Canadian Prime Minister Justin Trudeau recently announced the 20 finalists selected for the Canada Smart Cities Challenges. Chris Teale reports that the 20 finalists were selected from a list of 130 applicants.
Finalists will compete for a grand prize of $50 million CAD ($38.5 million USD), two prizes of $10 million CAD ($7.7 million USD) for those with populations of up to 500,000 people, and one $5 million CAD ($3.8 million USD) for those with populations of up to 30,000, according to Teale.
The website for the Smart Cities Challenge has more details on the kinds of proposals the competition will seek to reward. "A smart cities approach means achieving meaningful outcomes for residents through the use of data and connected technology. This approach can be adopted by any community, big or small," according to the website. The website also includes an interactive map for perusing the proposals of the finalist cities.
Read the full story: Finalists announced in Canada Smart Cities Challenge
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