Nokia started accepting applications for its Open Innovation Challenge between 6 June and 15 August. The fourth annual edition focuses on the Internet of Things (IoT) for public safety, connected automotive, industry 4.0, digital health, utilities, security and smart cities. The challenge is being organised in partnership with private venture firm Nokia Growth Partners, which this year announced a USD 350 million
The Nokia Open Innovation Challenge 2016 is a call for the next big ideas and new business models for exciting IoT domains. During the challenge, entries will be assessed by Nokia and industry experts for their innovation, impact and business potential. The winners will be able to join Nokia's 'Innovation Accelerator Program' to incubate their ideas within Nokia, access Nokia's global market and network with investors. In addition, the top three teams will share incubation prize money of up to EUR 0.1 million.
The top fifteen teams will be invited to a two-day concept development workshop with Nokia experts in Paris in October. The final judging and the awards ceremony will be held right after the workshop. The Nokia Open Innovation Challenge is open to all innovators, start-ups, organisations, academia and individuals across the world who are developing the technologies of the future to improve lives and able to demonstrate a working prototype for their idea.
