SMART CITIES / SMART KNOWLEDGE
Karl Dakin
Capital Coach | Stakeholder Investor Campaigns | Design, Stage, and Manage or Support | Reduce Time, Money, and Risk of Raising Funding | Increase Probability of Success! | Opportunity Management
FUNDING FORTUNES
"The funding you need is out there. So is Bigfoot. Keep searching."
?FUNDING POINT – SMART CITIES / SMART KNOWLEDGE
In my work to design, develop and implement/install/construct a smart city, I am working toward a universal design template which may be comprised of dozens or possibly hundred of individual investment opportunities.
?As with any enterprise, I start with a group of activities that I offer in a service package as Business Model Development (https://dakincapital.com/Business-Model-Development). This is a starting point that serves as a primary building block in a venture. This service is included within the larger set of services for Opportunity Due Diligence and Assessment (https://dakincapital.com/Opportunity-Assessment/).
?I often describe to students in my funding education programs that a successful business looks like the Great Wall of China. In its totality, it is so immense and so complicated that replication boggles the mind. The journey from concept to success is a journey beyond imagination. To achieve an enterprise on this scale, requires breaking things down into manageable projects or component enterprises.
?Note: that over the last year I have interchangeably referred to small businesses, community projects, charities and other funding projects as the champions of funding campaigns. To simplify my discussions and presentation? going forward, I refer to any and all of these as ‘enterprises’ without distinction as to size or profit/nonprofit status.
?Working to develop a comprehensive investment model that encompasses an entire smart city is like the riddle “How do you eat an elephant” with the answer “One bite at a time”.
?Last year, I did extensive work on a model for community investment funds. While many people think of a fund as an abstract pool of money that can be drawn down anytime like a cash withdrawal from an ATM, a fund is simply a collection of individual investments. Each investment must stand on its own. When bundled with other investments it is hoped that there is lower risk, greater stability and higher payouts. In the context of a community investment fund, one is seeking greater economic impact.
?Depending upon the size, a smart city may be equivalent in complexity to a community investment fund or it may be orders of magnitude greater.
A business model provides and enterprise with an objective framework for evaluating the potential profitability of a product or service. It is designed to help the leadership of an enterprise to anticipate production and sales expenses, assess resource requirements and make informed decisions about strategy, planning and funding activities. By understanding the financial dynamics of their product or service, enterprises can position themselves for sustainable success.
?Within the business model, every revenue stream is identified. In taking a look at smart cities, I have preliminarily adopted five groups of activities that should each generate revenue.
·??????? Smart Knowledge
·??????? Smart Space
·??????? Smart City
·?????? Smart Economy
·?????? Smart Community
?I have started my analysis with the concept of Smart Knowledge. I view knowledge an indispensable asset – the glue - that holds things together. The performance of each task within a plan will require some level and type of knowledge. Too many plans that I have seen for development are focused on buildings, infrastructure and data without understanding or explanation on how they may be filled, used or transferred.
?I have been working with Knowledge Avatars in its development of artificial intelligence to manage bodies of custom knowledge. This work demonstrates the difference between common or commodity knowledge, that may now be found in Chat GPT, Gemini or Copilot, and custom knowledge of an individual or enterprise.
Governments commonly collect information through census surveys and mandated reporting. The leading smart cities indexes use a similar approach. As an example, the IMD-SUTD Smart City Index asked the perceptions of 120 residents in each surveyed city.
Management of knowledge must address the needs of each individual investment that comprises the entirety of the smart city. This may lead to additional bodies of knowledge for the potential of the opportunity to be realized.
?I use as an example of knowledge within a smart city the action of a first responder to a building fire. Presently, first responders may have little information about the fire other than the address of the building. In a smart city, the building would provide additional information with regard to who (name, age and any mobility challenged) is in the building (including pets) and where they are located within the building. The building should provide information about the fire in terms of when it started and the current heat level. The building should provide information on what is combustible within the building, specifically identifying any material that may be explosive or toxic.
?Obviously, this level of information includes public and custom information which crosses the line into privacy. Therefore, it is necessary to store knowledge so that it may be accessible as needed, when needed by those who should have access. Similar to HIPPA regulations governing personal medical records, access is controlled and limited to authorized individuals.
?Knowledge management should encompass all public and custom information of a smart city and its residents. It should provide for the controlled access and flow of information from holders of custom information to the public or selected recipients.
?The potential of knowledge management presents many investment opportunities. Some of these may match with an individual enterprise and some will match with the entire community of the smart city. These opportunities will need to be identified and assessed regarding their individual merits and their necessary inclusion within a complete smart city design, development and operation.?
RESOURCES ON SMART CITIES / SMART KNOWLEDGE
?Technical articles on revenue sharing from Google Scholar include:
?Comprehensive systematic review of information fusion methods in smart cities and urban environments
领英推荐
??
Books available on Amazon:
SUCCESSFUL FUNDING SHOW
THIS MORNING, the topic of my Successful Funding show will be Smart Cities / Future Cities.
You may see the recording of the show at:
EDUCATION PROGRAM
Targeting High Probability Investor Candidates: Finding Your Funding Soulmate
The webinar of this education program will be presented three more times this year:
·?????? April 2, 9, 16, 23
·?????? July 2, 9, 16, 23
·?????? Oct 1, 8, 15, 22
The education program includes:
·?????? Artificial Intelligence Avatar?- Attendees will have one year of online access to a custom AI avatar on the topic of identifying investor candidates.
·?????? Book?- Attendees will receive a digital copy of a book on matching their businesses and funding needs with investor candidates who need the businesses to succeed to attain their own goals.
·?????? Workshop?- A half-day webinar will be presented on Zoom on Thursday, January 16, 2025, from 11 am to 1 pm Eastern Time, 9 am to 1 pm Mountain Time by Karl Dakin.
·?????? Consult?-? Each attendee will receive one-half hour of consultation with Karl Dakin on their funding challenges.
Discover how to secure funding more effectively and efficiently. By targeting the right investor candidates, you can tailor your entire campaign, from offer to closing, to match these candidates - achieving greater success in less time and with reduced costs.
This avtor is designed for entrepreneurs, small business owners, community leaders, charities, service providers, and economic developers responsible for raising funding.
Readers of this Instant Funding newsletter qualify for the discounted price of $400 (marked down from $500). Go to Register. Select the Funding Fans ticket and use the discount code FundingFan2025.
GOT 15 MINUTES AND A QUESTION ON FUNDING - GIVE ME A CALL
I recognize that many readers of this Instant Funding newsletter have questions about funding that are not answered by the newsletter. I am available for a 15-minute phone/video call about your funding questions. This is to let you know there is no charge for this call. Just contact me to schedule a time at [email protected].
SUBSCRIBE
You may subscribe to the daily edition (Monday through Friday) or the weekly edition (all daily editions compiled on Fridays) to this Instant Funding newsletter.
?
Karl Dakin, the Capital Coach
Dakin Capital LLC
Capital Coach | Stakeholder Investor Campaigns | Design, Stage, and Manage or Support | Reduce Time, Money, and Risk of Raising Funding | Increase Probability of Success! | Opportunity Management
3 周Do you know of investment opportunities that may contribute to the making of smart cities?