The city of San Francisco has announced the launch of an inaugural "IoT for Cities Summit and Challenge" to design Internet of Things (IoT) and wearable technology apps for improving city life for global urban residents.

Launched in collaboration with tech incubator and ventures company Wearable World, the ideas-sharing summit will examine the issues of transportation, hospitality, wireless, entertainment, city services, and healthcare, among others. Its goal is to "build a working blueprint for cities around the world."

The summit will end with a "challenge" being issued to entrepreneurs and developers to come up with a new generation of IoT products and services for consumers and cities based on the needs identified during the event.

Teams will have two months to develop working prototypes, with the best prototypes being entered into a 15-week program at Wearable World for further development.

"There isn't a better city in the world to explore the benefits of IoT and wearables at a civic scale like that offered by San Francisco," says Redg Snodgrass, Co-Founder and CEO, Wearable World.

The IoT for Cities Summit and Challenge will run March 10-11, 2015, in San Francisco.