The Cognicity Challenge was launched last year and comprises six streams, two of which are still open for applications - connected homes and virtual design and construction. The latest 12 selected are in the integrated resource management and automated building management streams.

“The concept of interoperability is key to creating a true smart city,” said Mikele Brack, head of smart city programmes for Canary Wharf's Cognicity smart city project. “The Cognicity Challenge aims to move beyond stand-alone solutions, with the technologies developed and piloted during the accelerator creating a fully integrated and interoperable suite of innovations.”

Canary Wharf gets a new tranche of tech startups: Image Flickr Micu Radu
Canary Wharf gets a new tranche of tech startups: Image Flickr Micu Radu

The new startups selected will move into High Growth Space:24 at One Canada Square. During their 12-week residency the selected companies will develop their smart city technologies with mentoring and training from Canary Wharf Group executives and industry experts from Intel, Innovate UK and others. They will also have access to the existing Level39 startup community and mentors.

The integrated resource management finalists are: KiWi Power; a smart grid company that monitors and controls energy usage in order to reduce consumption during peak demand; Open Energi, a smart grid startup whose Dynamic Demand technology enables the National Grid to balance electricity supply and demand on a second by second basis; and SEaB Energy, a waste management and renewable energy startup that develops Anaerobic Digestion (AD) plants.

The finalists in that category also include Power Drive Efficiency, a company that has developed technology that monitors and dynamically adjusts motor performance to match load requirements; Strawberry Energy, a Serbian startup that installs wifi-enabled charging stations that are solar-powered; and Stinex, a company that offers real-time analytics and reporting for traffic flows, retail activities and crowd tracking.

The automated building management finalists are Boldmind, an Internet of Things startup; Converge, a building automation and monitoring company for the collection, storage and analysis of sensor data; and Demand Logic, a company that uses big data analytics to discover energy savings for commercial buildings.

There is also Exa-Informatics, a big data analytic startup that aggregates and analyses information from different devices while reducing unauthorised data access; Future Decisions, a company that uses data mining, predictive algorithms and custom-designed sensors to create intelligent, self-regulating buildings that can “talk” to one another; and OrbiFire, a fire application that uses city data in 3D for informed decision-making when dealing with a building fire.

One winner from each of the six streams will be awarded £50,000 in grants and also offered the opportunity to pilot their technologies within the Canary Wharf estate.