The 2019 edition of the Nokia Open Innovation Challenge is currently ongoing. It is an opportunity for companies to propose automation related products and solutions to a panel of international judges. The most advanced and innovative candidates will be selected to attend the final event at the Nokia headquarters, Finland in November.
The second round of selection will happen during the event and the winners will stand a chance of getting financial assistance and opportunity to collaborate with experts from Nokia and Nokia Bell Labs. The selection jury will be chaired by Marcus Weldon, the President of Nokia Bell Labs and Corporate CTO of Nokia.
The fourth generation of the industrial revolution will be driven by automation— optimized services and businesses will require connectivity and applications to be highly productive. The NOIC seeks to promote innovation and industrial automation for the fourth industrial revolution. It seeks out startups with innovative ideas in industrial automation categories such as multi-robot collaboration, VR/AR augmentations, Chabot technologies, artificial intelligence and related technologies.
See also: MTFC announces 2nd edition of Innov8Agric Challenge to promote Innovation in Agric Entrepreneurship
A total of $175 000 will be won by winners. First place goes with $100000, $50000 for second place and the third place will win the sum of $25000. The winners will access Nokia’s global market, possible investment opportunities, joint business opportunities and technology boost of Nokia’s technologies, products and resources.
Does your company have an innovative #IndustrialAutomation product or service?
Would you like the opportunity to work with Nokia Bell Labs researchers and to leverage @Nokia’s resources?
Apply for the Nokia Open Innovation Challenge 2019 by June 30th! https://t.co/1jD3U7B5MK pic.twitter.com/ZSELPf7QM4
— Bell Labs (@BellLabs) May 2, 2019
Eligibility Criteria
Submissions will be assessed on potential, scalability, feasibility and innovativeness. The selection will be with respect to the Nokia Future X Network architecture. Teams who demonstrate deep domain expertise and can scale the business globally will be selected.
All businesses should apply before the 30th of June, 2019.
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