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reslog is a research group of the Department of Management and Production Engineering (DIGEP) at Politecnico di Torino
Smart Cities
-City FIT -
Smart City Finance & Technology Program
The complexity of Smart Cities demands for integrated competences and innovative models to enable development of efficient buildings, sustainable mobility, smart grids, and participating communities.
The CityFIT (The Smart City Finance & Technology) Program at the Department of Management and Production Engineering of Politecnico di Torino analyzes value creation, business models, and financing mechanisms for technologies and innovation of Smart Cities.
The program is mainly involved in cataloging and categorizing projects, studying the business models of involved players, researching best practices and trends, evaluating development policies, connecting European and international directions, estimating potential return, and stimulating entrepreneurship.
The program facilitates combination of the various involved disciplines and technological domains and enables matching between supply and demand of technologies and services for Smart Cities. Also, the program encourages development of innovative sources of financing and contract forms between the public and private sectors.
The research program is a central point of coordination for municipalities, investors, lenders, and suppliers of Smart City products and innovation services to design common policies and facilitate finance into projects.
Activities of the research program are the following.

Exploratory studies:
  • definition of Smart City concepts and categorization of its projects, description of technologies and applications;
  • analysis of smart mobility, smart grid, smart building and smart community project categories;
  • research of best practices e best trends internationally;
  • investigation of both tangible and intangible needs for Smart City infrastructures;
  • study of calls for European, national and regional funds;
  • monitoring of projects carried out by Italian towns as part of both European and national support actions.

Design of business models and contracting/financing mechanisms to drive the development of Smart Cities:
  • selection of suitable business models for innovative products and services in Smart Cities;
  • assessment of cash flow generation potential;
  • study of contracting mechanisms between public and private supply chain players;
  • proposals for financing schemes, with focus on public-private partnerships, privately financed initiatives, and forms of shared revenue and social micro-financing;
  • coordination and facilitation of pilot projects and deployments.

Assessment of benefits:
  • models for pre-evaluation of socio-economic benefits, ROI, and positive externalities brought by Smart City projects;
  • business plan development and financial engineering, with focus on long term and low return sources of funds.

Analysis of mechanisms for potential incentive of entrepreneurship and trading of competences between demand and supply of services for Smart City projects.

Dissemination among stakeholders, specialists, municipalities, investors and lending institutions


Financial systems for Smart City projects, funded by Cassa Depositi e Prestiti SpA
  Studies and models to apply Project Financing and Social Impact Bonds mechanisms to finance Smart City digital projects,
  such as urban freight logistics, digital mobility, and intelligent lighting.

P4 Pilot Public-Private Partnership, funded by SWARCO Mizar SpA
  Development of a project finance scheme to fund the replacement of the traffic lighting system for the town of Torino.

Intelligent Business Model for Intelligent Operation Centers, funded by IBM Italy SpA
  Business model generation for integrated control systems of smart cities.

Urban Electronic Logistics, funded by Italian Ministry of Research and Education
  Development of a collaborative ICT platform for managing City Logistics systems.

Virtual Bus, funded by Joint Open Lab by Telecom Italia SpA
  Study of the diffusion mechanisms and business model of a car pooling system.

New business models for Urban Collective Intelligence, funded by Joint Open Lab by Telecom Italia SpA
  Study of business models of products and services for smart communities in urban environments.


The program delivers executive education in Management of Smart Cities Executive Course

Management of Public Private Partnership Projects


Michelucci, F.V.; De Marco, A.; Tanda, A. (2016). Defining the Role of the Smart-City Manager: An Analysis of Responsibilities and Skills. In: THE JOURNAL OF URBAN TECHNOLOGY, vol. 23 n. 3, pp. 1-20

De Marco, A.; Mangano, G.; Michelucci, F.V.; Zenezini, G. (2016). Using the private finance initiative for energy efficiency projects at the urban scale. In: INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT, vol. 10 n. 1, pp. 99-117

De Marco A., Mangano G., Zenezini G. (2015). Digital Dashboards for Smart City Governance: a Case Project to Develop an Urban Safety Indicator Model. In: JOURNAL OF COMPUTER AND COMMUNICATIONS, vol. 3 n. 5, pp. 144-152

Neirotti, P.; De Marco, A.; Cagliano, A.C.; Mangano, G.; Scorrano, F. (2014). Current trends in Smart City initiatives: some stylised facts. In: CITIES, vol. 38, pp. 25-36

Reviglio E., Camerano S., Carriero A., Del Bufalo G., Calderini M., De Marco A., Michelucci F.V., Neirotti P., Scorrano F. (2013). Smart Cities. Development projects and financial instruments. Cassa Depositi e Prestiti SpA, Roma, pp. 1-136