Smart cities
Smart cities

Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.

Free course

Smart cities

3 The future for smart cities

You’ve reached the point at which you draw together your learning from all six weeks of the course and complete a first draft of your Business Model Canvas for your smart cities project.

Completing your Business Model Canvas

You made notes last week in five of the segments of the Business Model Canvas, starting with the value proposition. This week you’re thinking about how you’ll deliver the project. Spend as much time as you need to think through the remaining facets of your project. As you add your notes be sure to identify areas where further work is needed with your living lab participants.

Use this guidance and remember this is a draft. You can come back and refine these ideas after the course ends.

  1. Who will help you? Identify your key project partners and what motivates those partners to be involved.

  2. What do you need? What key resources do you need to deliver your project – people, money, physical assets, open data, guidance?

  3. What will it cost? What will the project cost and which are the most expensive resources or activities? Do you require funding to get off the ground? Think back to what you learnt in Week 4 here. Are you focusing on public or private finance? Or could this be crowdfunded?

  4. How much will you make? How much will your audience be willing to pay for the product or service, and how much revenue can you generate? You might need to do some research with potential users here. Also capture social and environmental benefits here as they may be more important than revenue.

Activity 4 Adding to your Business Model Canvas

Timing: Allow about 15 minutes

Complete a draft of your Business Model Canvas.

SC_1

Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to University-level study, we offer two introductory routes to our qualifications. You could either choose to start with an Access module, or a module which allows you to count your previous learning towards an Open University qualification. Read our guide on Where to take your learning next for more information.

Not ready for formal University study? Then browse over 1000 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371