Nokia's Open Innovation Challenge to leverage IoT technologies enabling a smart, safe and sustainable world

15/06/2017

Challenge is open to innovators worldwide developing the technologies of tomorrow in the Internet of Things (IoT) domains of smart cities, mobility, safety and security and connected industries

Particular attention will be given to solutions that use the power of technology to save and improve lives

8 June 2017

Espoo, Finland - Nokia today launched its Open Innovation Challenge for the fifth year running, focusing now on the Internet of Things (IoT) for smart cities, mobility, safety and security, and connected industries. The challenge is being organized in partnership with private venture firm Nokia Growth Partners.

Nokia is shaping a new revolution in technology, where networks augment and aid our daily lives. We create the technology that connects the world and are looking to co-innovate with the ecosystem to invent disruptive technologies.

Co-innovation is an essential part of Nokias ambition to bring in people with creative ideas and smart solutions. The Nokia Open Innovation Challenge is calling for startups and innovators who are working on the next big ideas in IoT to improve people lives and able to demonstrate a working prototype for their idea that:

Improves cities by solving many urban challenges

Improves safety with technology

Improves how we interact and experience the world around us with virtual reality and machine interactions

Enables the next industrial revolution with LTE, robotics and sensors

Improves health with digital technologies

Submissions will be accepted between June 8 and September 20, after which they will be assessed and the top teams will be invited to a two-day concept development workshop with Nokia experts in Helsinki in November. The final judging and the award ceremony will be held right after the workshop.

The industrial revolution is well on its way. Ultimately our aim at Nokia is to create technology that connects the world, a challenge which we embrace with nothing less than our relentless passion for innovation. But we know, that we cannot succeed alone. Co-innovating in an open ecosystem with start-ups and large tech companies in a healthy balance is so essential. The Nokia Open Innovation Challenge is a fantastic opportunity for innovators and entrepreneurs to join us as we embrace the challenge of creating technology to serve the growing needs for the Internet of Things, said Kathrin Buvac, Chief Strategy Officer of Nokia.

The Nokia Open Innovation Challenge is a celebration of entrepreneurship and innovation in IoT as well as a fantastic opportunity to partner with a large technology corporation. We have sponsored the initiative for four years now because we always meet interesting companies through the challenge, said Bo Ilsoe, Partner of Nokia Growth Partners.

Resources

Nokia Open Innovation Challenge website

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About Nokia

We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industrys most complete, end-to-end portfolio of products, services and licensing.

From the enabling infrastructure for 5G and the Internet of Things, to emerging applications in virtual reality and digital health, we are shaping the future of technology to transform the human experience. nokia.com

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