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Project for local start-ups

Smart Parking

Provide automated IoT-based Smart Parking solutions aimed at increasing parking utilization for populated urban corridors, while offering recharging stations for EVs. Smart Parking would reduce traffic congestion and accompanying environmental impacts by providing drivers with access to contextual space information, direct navigation to available spots and seamless payment solutions.

Key benefits

Reduced Traffic Congestion
Reduced Traffic Congestion
By knowing where to park, drivers spend less time circulating the streets, idling and blocking traffic on narrow streets, and holding back traffic from moving slowly.
Increased Productivity
Increased Productivity
Valuable productive time is given back to drivers and passengers from time otherwise lost in traffic or searching for parking.
Reduced Environmental Impacts
Reduced Environmental Impacts
The Smart Parking solution reduces travel time and eliminates unnecessary engine idling, directly reducing harmful emissions into the environment.

User Journey

  • 1
    Driver arrives near his destination
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  • 2
    He is able to see available parking spots around him
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  • 3
    The driver reserves a parking spot for a limited time
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  • 4
    He arrives at the parking spot and settle his payment electronically
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  • 5
    He receives an electronic receipt and is able to renew his parking remotely
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Potential Service Features

  • Link to Car Dashboard
  • Sensor-Based Automated Parking Payment
  • Electronic Receipts
  • NFC Enabled Payment

Implementation Analysis

Implementation Timeline

progress 50%
  • Short
  • Medium
  • Long

Regulatory Conduciveness

progress 20%
  • Favorable
  • Challenged
  • Complex

Technology Commercial Viability

progress 20%
  • Currently Viable
  • Viable in Short Term
  • Viable in Long Term

Investment Requirements

progress 80%
  • Low
  • Medium
  • High

Key Implementation Consideration

Conceptual Diagram

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Relevant Tech Solutions