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Nokia Open Innovation Challenge 2018 for Internet of Things (IoT) Startups (175,000 $USD cash prize)

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The Nokia Open Innovation Challenge, in partnership with NGP Capital , is looking for new innovative products and solutions within the Industrial IoT domain.

It is time to submit your greatest ideas for technology and business models which could change the world. Together with Nokia Bell Labs experts and mentors you can make a difference and potentially grow your business to new levels.

Nokia once again looking for the latest innovative companies around the globe to put forward their ideas for the possibility to collaborate with Nokia Bell Labs researchers to enhance or create the first commercial implementation of their product.

Nokia’s target is to find a company which could potentially be a partner for Nokia for joint innovative solutions. The journey from an early stage product to a mass market one is usually a long one but let’s give it go. After all, with Nokia’s resources and experience you might have a global business in your hands.

Cash prize
NOIC Executive Jury will have the power of discretion to allocate the cash prize to the best fitting submission or submissions.

  1. 100K$ 1st place
  2. 50K$ 2nd place
  3. 25K$ 3rd place

Opportunities

  1. Co-innovation and joint business opportunities
  2. Business and technology boost by accessing Nokia’s technologies, products and resources
  3. Access to Nokia’s global market
  4. Investment opportunities

Themes: Industrial IoT
The Internet of Things (IoT) interconnects “things” and autonomously exchanges data between them. “Things” may be machines, parts of machines, smart meters, cameras, sensors or even everyday objects such as hand-held tools or wearables.

This capability will bring tremendous possibilities to any kind of enterprise and business environment. To support IoT, advanced next generation communication is needed.

Industrial, on the other hand, can be seen as a wider domain than just the traditional manufacturing or production industry. It can really be anything in our everyday life.

Next generation private networks for industrial Internet
Nokia is looking for something which could solve simple or complex business challenges within any company, big or small, i.e. potential customers of Nokia.

This should be something which could help enterprises or industrial companies take the next step in their digital automation journey: applications, solutions or products which would utilize the most advanced communication network.

Timeline: Submission phase 1 by September 6, 2018
Your proposal should include a product or solution which will impact the world of Industrial IoT. Please fill in the application form on the Apply page. There are a number of mandatory questions which are required to be filled in to qualify for the Nokia Open Innovation Challenge and the next round.

Submission Deadline: September 6, 2018
Next phase announcement: September 17, 2018

  • Assessment round 1, Sept 17 to Oct 1, 2018
  • Submission phase 2, Oct 1 to Oct 8, 2018
  • Assessment round 2, Oct 8 to Oct 17, 2018
  • Pre final, December 2018
  • Grand final, December 2018

Deadline: September 6, 2018

For More Information:
Visit the Official Webpage of the Nokia Open Innovation Challenge 2018


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