#64 Alexander Schmidt: Navigating Procurement in Smart Urban Innovation

This episode features an interview with Alexander Schmidt, CEO and founder of BABLE Smart Cities, and a discussion which centres on the challenges and innovations within Smart City procurement processes.

It highlights the need for agile procurement processes to match technological advances, the role of AI in improving city services, and the importance of strategic funding for innovative urban solutions.

Urban Innovators Global and BABLE Smart Cities are proud to announce the launch of the Urban Innovation Leadership Programme – an academic programme that is tailored and totally customizable for your organization. If this sparks your interest, you can reach out directly to us at [email protected] for more information.

Overview of the episode:

[00:01:34] Teaser Question: 3 emojis to describe the Smart City market

[00:02:45] ​Alex's Background

[00:04:16] What is the biggest challenge that we are facing when it comes to procurement?

[00:07:07] The procurement of innovative urban solutions can be a lengthy process, sometimes taking up to 22 months. What factors contribute to this duration?

[00:09:36] It's noted that about 80% of urban innovative projects do not generate a lasting impact. In your opinion, what are the main reasons behind this high failure rate?

[00:18:08] What advice would our guest give to municipalities that are hesitant to adopt new technologies due to the complexities of the procurement process?

[00:19:52] What emerging technologies will have the most significant impact on urban innovation in the next decade?

[00:26:30] What are the different funding and financial models available for cities looking to procure innovative solutions?

[00:32:17] Shoutout: Our guest mentions a person, an organization or a city you think deserves more recognition in the field

[00:36:11] Ending Question: To you, what is a Smart City?

Like our show? Remember to subscribe and rate it!

Want to join us for an episode? Fill out the form on our Podcast Page.

And for more insights, visit our BABLE Smart Cities Knowledge Hub!