Smart City Budapest (SCB) Initiative collects mostly grassroots projects and organisations from Budapest which are connected to the smart city concept. SCB Initiative aims to introduce best practices from businesses, institutions, non-profit organisations and the people of Budapest. With knowledge transfer our goal is to encourage citizens to take actions for a better city. A city is smart when investments in capital and communication infrastructure fuel sustainable economic growth and a high quality of life, in combination with an efficient use of natural resources. But a smart city doesn't exist without smart citizens.
The renewal of Teleki square in the VIIIth district of Budapest was implemented within the Magdolna Quarter III Renewal Programme.