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CIT announces partnership to create smart city technologies, innovation in Virginia

The Center for Innovative Technology today announced it's partnering with George Washington University and global private equity firm 22 Capital Partners to lead the development of an “ecosystem” to create smart city technologies and innovation in Virginia.

CIT explained in a statement that the partnership was formed to create a “working smart city development” that will connect Washington, D.C. and the Dulles Airport corridor to build a “living environment” around the needs of forward-thinking entrepreneurs and bring smart city innovations to the market.

“It brings together, in one location, the convergence of leading edge technology and a holistic approach to improving the quality of life for the citizen,” Minh Le, managing partner of 22 Capital Partners, said in a statement. “This vision for the future is now a reality and will be demonstrated in the development of Gramercy District.”

The announcement of the new smart city partnership comes after it was reported earlier in the year that 22 Capital Partners and other partners including Microsoft were proposing to build a 2.5 million-square-foot, $500 million development on 16 acres on the north side of the Dulles Greenway, adjacent to the planned Ashburn Metro station on the Silver Line in the Gramercy District.

CIT said technology would be “embodied” in the 22 CityLink Platform which is focused on building intelligent cities while also forming partnerships in technology, academia, local state and federal government agencies.

Moreover, the nonprofit corporation said the first 22 CityLink Platform would be deployed at the Gramercy District development at the new Silver Line Ashburn Metro station.

“This partnership will help create an environment that will embrace a wide range of companies; from Fortune 500 companies, tech giants to budding startups,” Ed Albrigo, CIT president and CEO, said. “The atmosphere and assets that will be available will help foster breakthroughs in technology that will provide the framework for the smart cities of the future.”

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