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Areas of application of smart city technologies - mobility

Smart city applications can improve some key quality-of-life indicators in the cities by 10 to 30 percent. Smart cities growing quickly as the Internet of Things (IoT) expands and impacts municipal services around the globe.

The smart city industry is projected to be a $400 billion market by 2020, with 600 cities worldwide.

These cities are expected to generate 60% of the world's GDP by 2025, according to McKinsey research.

At the end of 2019, the Cluster Sofia Knowledge City finalized its Sofia smart city strategy and presented the results of the market study on smart city technologies. 

Smart City Management Success Factors

Dimitar Hristov

Many factors are identified such as IT which enables the transformation to the smart city, yet other key factors should be considered such as policy and organizational elements to guarantee the successful implementation of the Smart City Project.  Successful initiatives (projects) are defined as the following “observable indicators through the life cycle of the initiative as attracting wide support, having clear objectives aligned to policy goals and current problems, producing concrete outcomes and impacts and being imitated or scaled”. The smart city initiative needs people, an enabler environment, and effective management of the project.

Creative economy and MediaMotor Europe

MediaMotor Europe Project team

In the global economy and in this stage of the development of the knowledge economy, every business must be creative and innovative.

It must have the capacity to create content relevant to consumers, clients, and partners, to generate ideas, to implement technological and product innovations, to share them using not only its natural imagination and creativeness but also the achievements of artificial intelligence and the huge capacity of the hardware for processing big data and IoT.

MediaMotor Europe Innovation Hub in Sofia

Dimitar Hristov, Executive Director, Cluster Sofia Knowledge City


At the beginning of 2020 started the implementation of MediaMotorEurope, an international project, funded under Horizon 2020. Bulgaria participates in it through the Cluster Sofia Knowledge City. MediaMotor Europe aims to nurture high-potential European deep-tech innovators, solving today’s most prominent media industry challenges and support them in building media solutions for tomorrow.

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