In an effort to encourage the development of innovative Internet of Things solutions, Nokia (News - Alert) is again this year staging its Open Innovation Challenge. The top three winning entries will receive a collective 100,000 euros, membership to Nokia’s Innovation Accelerator Program, the ability to incubate their ideas within Nokia, and access to Nokia’s other ample resources.
"The Nokia Open Innovation Challenge 2016 is looking for the next best ideas for connecting people and things,” explains Marc Rouanne, chief innovation and operating officer for Nokia, this year also announced $350 million in funding for investments in IoT companies. “For innovators and start ups, it is a great opportunity to tap Nokia's global presence and meet venture firms to see how we can work together to build tomorrow's technologies that will help save lives, improve our environment and make our lives better."
Connected automotive, digital health, industry 4.0, public safety, security, smart cities, and utilities are the areas of focus for the challenge, which marks its fourth year in existence.
As noted in the second quarter cover story of IoT Evolution magazine by Ken Briodagh, a recent Gartner report indicates that in 2016 smart cities will use 1.6 billion connected devices, which is a 39 percent increase over 2015. That represents deployments across health care, public services, smart commercial buildings, smart homes, transportation, utilities, and other categories.
“Now is the time to work together to build the use cases,” wrote Briodagh. “We need to learn the lessons that will provide the best practice guidebooks for implantation of smart infrastructure all over the world before a crisis of resources becomes an unassailable boondoggle, with municipalities raving uphill, begging for governments to throw more money at problems that need better efficiency, not blind spending.”
This year’s Nokia Open Innovation Challenge kicked off earlier this week. The submission deadline is Aug. 15. Here’s a link for more information.
The collection of entrants will be narrowed down to 15 teams, which will be invited to a two-day workshop with Nokia this October in Paris, after which final judging will take place and awards will be distributed.
Edited by Peter Bernstein