Deadline: 30 June 2019
Applications are open for 2019 Nokia Open Innovation Challenge, in partnership with NGP Capital that offers the opportunity for the bright minded companies to propose the best-in-class products and solutions within the Industrial Automation domain to international jury.
The jury will then select the most advanced and innovative candidates to attend the final event in November held at Nokia headquarters. In the final event, these finalists will present their innovative products or solutions to the executive level jury who will then select the winners.
Themes
The main theme of the Nokia Open Innovation Challenge 2019 is Industrial Automation. Industrial automation in this context means intelligence over high performance digital networks, to support unprecedented levels of automation and usher in a new era of productivity for industrials and the public sector.
They are looking for something that might already be established, but could reach new heights of interest with the right support from Nokia; or something which is a totally new idea and concept but would need fine-tuning to fit the requirements of the Nokia Future X Network architecture.
Prizes
- $100,000 1st place
- $50,000 2nd place
- $25,000 3rd place
Evaluation Criteria
- Submissions will be assessed on innovativeness, feasibility and scalability of the idea according to the themes as well as the joint business potential. Please also take a look at their solution and product catalog and links within the NOIC pages.
- The Executive Jury will also assess the suitability and the fit of the submission with respect to the Nokia Future X Network architecture. This will be the main criteria for finalists and their solutions. Finalists will have an opportunity to get familiar with the Nokia Future X Network concepts later in the NOIC process.
- Additionally they will pay attention to great founding teams, who can demonstrate their deep domain expertise and prove they have the abilities to scale their business globally.
How to Apply
Applicants can apply via given website.
For more information, please visit https://www.nokia.com/innovation/open-innovation-challenge-2019/