22 Capital Partners Announces Innovative Smart City Initiative
for Gramercy District Development in Loudoun County, Va.
Partnerships include the Center for Innovative Technology and
the George Washington University
CHANTILLY, Va. (Aug. 15, 2016) — 22 Capital Partners, a venture builder and private equity company, announced today a new partnership with the Center for Innovative Technology and the George Washington University that will lead development of an ecosystem to create smart city technology, education and innovation in Virginia.
Gramercy District is the first “smart city” in the region and one of the first in the country. The goal is to merge technology with real estate to deliver unique experiences and enhance quality of life. Gramercy District will create an environment that continuously adapts to meet the needs of business partners and guests who are working, living, shopping and playing in the smart city. The vision is the Gramercy District being a model for the new standard of living.
The partnership was created to facilitate access to and use of a working smart city development that will connect areas along the Washington D.C. and Washington Dulles International Airport corridor. It will form a living environment built around the needs of entrepreneurs to envision the future and bring smart city education and innovations to market. New technology will be embodied in the 22 CityLink Platform, with the first deployment taking place at the Gramercy District development at the new Silver Line Ashburn Metro Station.
The partnership with the Center for Innovative Technology exemplifies a smart city public-private partnership. CIT is both an authority on technology in the Commonwealth as well as the center of leading edge innovation, entrepreneurial ecosystems and early stage investment programs such as the MACH37 Cybersecurity Accelerator, the GAP early-stage investment fund, and the DHS-sponsored EMERGE wearable technology accelerator program.
The George Washington University and its Virginia Science & Technology Campus located in Ashburn, Va., brings professional educational innovations in areas such as cyber security and data analytics along with entrepreneurial development and technology transfer education through the NSF funded iCorps program. GW is the lead for the Pennsylvania Avenue 2040 Environmental Sensing Project in Washington, D.C. and is part of the MetroLab Network, a national smart cities initiative for municipalities and research institutions to cooperate on key city-wide issues.
This partnership with GW, the Gramercy District and CIT will support new research opportunities and scale up regional job training activities around Internet of Things (IoT), cybersecurity, city planning and entrepreneurship. The Gramercy District will be the test bed that provides individuals, businesses and researchers with opportunities for hands-on learning in a smart city environment built to foster the use of new IoT technologies and methods, leading to a repeatable process for smart city experimentation and innovation.
Minh Le, managing partner of 22 Capital Partners, said, “Through this partnership, we will look to harness our partner’s diverse technology expertise and higher education program deployment with this project. Our goal is to build a strong public-private-academia partnership to drive innovation and higher education.” Le continued, “Our project is particularly ideal for this partnership because we are able to take a holistic approach to help foster breakthroughs in technology that will bring practical and economic solutions to the masses.”
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Contact: Theresa Carper, Marketing & Communications
About 22 CityLink, www.22CityLink.com
22 CityLink is creating a “Smart City In-a-Box” platform and is focused on building key partnerships in technology, academia, local, state, and federal government agencies to help develop new governance models and integrated technology real estate development approaches required for next generation urbanization projects. The 22 CityLink platform provides a sustainable approach to build smart cities based on sound economics. For more information, visit www.22CityLink.com. Follow 22 CityLink on Twitter @22CityLink.
About 22 Capital Partners, www.22capitalpartners.com
22 Capital Partners is a venture builder company and global private equity firm investing in commercial real estate, technology, and clean and renewable energy. 22 Capital Partners is the lead investor and master developer of the Gramercy District, blending its focus in real estate and technology. Strategically located in Loudoun County, Va., the Gramercy District is a fully entitled 2.5 million square-foot, $500+ million development located at the premier transit-oriented location. The Gramercy District property abuts the Dulles Greenway (Route 267) – the major highway connecting central Loudoun County, to Fairfax County, Arlington, and Washington, DC. The mixed-use development is located within close proximity to Washington Dulles International Airport and is at the future Silver Line Ashburn Metro Station, opening in late 2019. This project is the first smart city in the region and one of the first in the country. For more information, visit www.22CapitalPartners.com. Follow 22 Capital Partners on Twitter @22CapPartners.
About the Center for Innovative Technology, www.cit.org
Since 1985, CIT, a nonprofit corporation, has been Virginia’s primary driver of innovation and entrepreneurship, CIT accelerates the next generation of technology and technology companies through commercialization, capital formation, market development and revenue generation services. To facilitate national innovation and leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers. CIT’s CAGE Code is 1UP71. To learn more, visit www.cit.org. Follow CIT on Twitter @CITorg and add the Center for Innovative Technology on LinkedIn and Facebook.
About the George Washington University, www.gwu.edu
Created by an Act of Congress in 1821, the George Washington University was established in the heart of the nation’s capital and has satellite campuses at Mount Vernon and in Loudoun County Virginia. Today, GW is the largest institution of higher education in the District of Columbia, offering comprehensive programs of undergraduate and graduate liberal arts study, as well as degree programs in medicine, public health, law, engineering, education, business and international affairs. Each year, GW enrolls a diverse population of undergraduate, graduate and professional students from all 50 states, the District of Columbia and more than 130 countries. To learn more, visit www.gwu.edu. Follow GW on Twitter @GWtweets and add George Washington University on LinkedIn and Facebook.