• IBM To Give $50 Million In Tech And Consulting Services To 100 Cities

    Tuesday, November 9th, 2010

    Lora Kolodny began reporting on business, technology and entertainment in 2002. She has worked as greentech writer and editor at TechCrunch, and as a staff reporter for Inc. magazine and The Hollywood Reporter. Her New York Times blog, “The Prize,” covered the winners, losers, innovation and deal-making of business competitions. → Learn More

    IBM today announced a plan to give away $50 million of its services and technology over the next three years to 100 municipalities through a program the company is calling the Smarter Cities Challenge.

    Funded via IBM’s philanthropic division, according to an IBM press statement, the Smarter Cities program aims to help municipalities around the world— with populations of 100,000 to 700,000 ideally— solve local problems in any of the following areas: healthcare, education, safety, social services, transportation, communications, sustainability, budget management, energy, and utilities.

    The approximate value of each Smarter Cities Challenge grant will be equivalent to US$400,000. The company has alrady completed or is currently conducting a series of pilot grants in Baltimore, Maryland; Austin, Texas; and Mecklenburg County, North Carolina. Other municipalities can apply online via SmarterCitiesChallenge.org, and will be selected based on a number of criteria including their track record of problem solving, commitment to the use of technology and open data, and willingness to provide IBM with access to and time with city leaders.

    Teams of IBM experts will provide chosen cities with recommendations for better delivery of municipal services, more citizen engagement, and improved efficiency and access to proprietary IBM technology like the company’s CityForward, a kind of social network for city leaders, academics, and citizens that is also a city data analysis and data visualization platform.

    The grant giving entity IBM stands to prime their sales pipeline by increasing their experience in Gov 2.0, Healthcare and Smart Grid verticals, with their generous, charitable effort.

    Company: IBM
    Website: ibm.com
    Launch Date: 1896
    IPO: NYSE:IBM

    IBM, acronym for International Business Machines, is a multinational computer technology and consulting corporation. The company is one of the few information technology companies with a continuous history dating back to the 19th century. IBM manufactures and sells computer hardware and software, and offers infrastructure services, hosting services, and consulting services in areas ranging from mainframe computers to nanotechnology.

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