Cityzenith joins the World Economic Forum Global Innovators Program

Source: press release, 4 June 2021

Chicago-based AI tech company Cityzenith are the newest invitee to join the prestigious World Economic Forum
Chicago-based AI tech company Cityzenith are the newest invitee to join the prestigious World Economic Forum (illustration: Cityzenith)

Digital Twin provider Cityzenith has been chosen to be part of the World Economic Forum’s (WEF) Global Innovators community to support Cityzenith’s mission to decarbonise US cities.

The Global Innovators Community is a group of the world’s most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public-and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency. There are over 140 community members across 15 different countries.

Companies that are invited to become Global Innovators will engage with one or more of the Forum’s Platforms, as relevant, to help define the global agenda on key issues. “Shaping the Future of Energy, Materials, and Infrastructure” is one of the seventeen platforms which focuses on bringing together industry leaders from electricity, oil and gas, mining and metals, chemicals, and construction.

The latest participant to join this platform is Cityzenith, whose SmartWorldOS™ software platform can create virtual replicas of buildings and urban areas to track, manage and optimise carbon emissions and minimise environmental damage.

The US company’s tech is deployed in multiple international megaprojects, including a substantial ground-breaking decarbonisation energy scheme for US cities.

Cityzenith CEO Michael Jansen says, “Our partnership with the World Economic Forum gives us a platform to have our voice heard, spread our message, and take advantage of more opportunities. WEF recognised that our technology and insight had a role to play in combating Climate Change, and now we can go further in helping governments and countries to decarbonise cities worldwide.”

The partnership’s catalyst was Cityzenith’s “Clean Cities – Clean Future” campaign as part of the “Race to Zero” movement. Cities worldwide generate 70% of global carbon emissions (source: UNHabitat) and Cityzenith believes its SmartWorldOS™ can help building and property asset management groups, city planners, and developers move to carbon neutrality in the next 10 years.

Cityzenith CEO Michael Jansen said at the launch of the Clean Cities – Clean Future initiative: “We have to help the most polluted urban centres become carbon neutral, and we plan to do this by donating the company’s Digital Twin platform SmartWorldOS™ to key cities, one at a time, after every USD 1 million raised. We’re able to do this because of the recent surge of investment as part of our USD 15 million crowdfunding raise.”

The World Economic Forum also partners with leading organisations that push change forward, like the International Renewable Energy Agency (IRENA), an intergovernmental organisation supporting countries in their transition to a sustainable energy future.

President of the World Economic Forum, Børge Brende believes IRENA’s partnership with the Forum is “an important step in strengthening the mission of our organisations” adding: “It brings together the knowledge, insight and innovation expertise of IRENA with the Forum’s global network to ensure these higher commitments are realised in the near term.”

Significant investment funds such as The Carlyle Group, Equinor, and the Canada Pension Plan Investment fund (CPP) have also partnered to offer a potential investment into promising climate solutions.

CPP President and CEO Mark Machin see the benefit and importance of investing now to protect the planet: “We at CPP Investments are trained to dig deep into both risks and opportunities. Climate Change offers both.”

“None of these efforts are cheap, but they are an investment in society’s future. And, as we’ve learned from the current crisis (COVID-19), the cost of being underprepared when catastrophe strikes can be far higher.”