TfL launches retail tech competition

Transport for London (TfL) has launched a competition to challenge businesses to “reimagine the use of physical space in retail” using technology.

The competition winner will be provided with retail space somewhere on the TfL network, allowing the business to test out their innovative concept – valued at up to £100,000.

“As one of the largest landlords in the capital, it is really exciting to launch this competition and see what creative ideas retailers will come up with to push the boundaries of industry norms. Our estate offers them a unique opportunity to test out their new and innovative concepts,” said Graeme Craig, director of commercial development at TfL.

“The competition showcases to businesses, which might not otherwise consider it, how they can utilise our retail space in exciting ways and builds on our history of supporting businesses to grow and expand what they can offer to our customers.”

As the retail environment continues to change and consumer needs evolve, TfL has identified that technology could be used to create an innovative concept suitable for commuters in London. The winner will sit alongside a number of other brands which currently occupy over 2,000 commercial units on the transport network.

Rikesh Shah, head of commercial innovation at TfL, added: “This is one of a number of new approaches to innovation we are taking in TfL to access the value and creativity from innovative companies in London. Other initiatives include the pioneering London RoadLab initiative, which includes quickly developing products that could have a positive and widespread impact right across the capital’s road network, and our Open Innovation pilot with Bosch.”

Deadline for entries is midday on June 21 2019. A group of shortlisted companies will be invited to present their concepts in front of a judging panel.