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:Uploaded on Tuesday 1st Nov 2016

Nokia Open Innovation Challenge 2016 winners announced

  • 12 innovators from the United States, France, Taiwan, Germany, the Netherlands and the United Kingdom awarded for their technologies that address opportunities in the Internet of Things.
  • Innovations address the Internet of Things domains of public safety, connected automotive, industry 4.0, digital health, utilities, security and smart cities.

What is Nokia Open Innovation Challenge 2016?

Rapidly developing Internet of Things (IoT) technology is opening up multiple new business opportunities for operators and enterprises, spanning many industries - public safety, healthcare, connected mobility, smart cities and more. Nokia’s vision is to expand the human possibilities of technology to improve people’s lives and help them thrive by enabling a programmable world where billions of people, things, sensors and devices are connected.

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The Nokia Open Innovation Challenge 2016, arranged in partnership with venture firm Nokia growth partners, is looking for futuristic technologies, the next big ideas and new business models in the Internet of things (IoT) domain.

Innovators, startups or academia from around the world can participate in this challenge and take a leap towards making the programmable world happen. The rewards for the finalists include receiving a technology boost by entering the Nokia innovation accelerator program, access to the internal and global market of Nokia and investment opportunities from Nokia Growth Partners (NGP) and other venture capital firms. What's more the top three teams will share incubation prize money of €100,000.

Nokia Open Innovation Challenge 2016 winners

Espoo, Finland - Start-ups with innovative products focusing on the connected home, digital health and big data have taken the top three spots in Nokia's 2016 Open Innovation Challenge, beating a tough field of over 400 entries in a competition which looks for the next big ideas in Internet of Things domains including public safety, connected automotive, industry 4.0, digital health, utilities, security and smart cities. The challenge was organized in partnership with Nokia Growth Partners, which this year announced a USD 350 million fund for investments in IoT companies.

Nokia received several hundred submissions from around the world and after an intensive evaluation period, the finalists were selected. The 12 finalists were invited to Nokia's site at Paris-Saclay for a two-day workshop with Nokia mentors, followed by the pitching and award ceremony on October 21.

The first prize was awarded to CUJO for their firewall for the connected home, designed to bring business-level security to the home network. The second prize and investors' choice prize were awarded to iSono Health, who empower people to take charge of their health with early breast cancer detection. The third prize was awarded to Mobagel for their Decanter(TM) Big Data AI engine which automatically chooses the optimal machine learning model and provides the right actionable insights for marketers and executives.

A full list of the finalists is available in Nokia Press release Nokia Open Innovation Challenge 2016 winners link.

"The Nokia Open Innovation Challenge is all about meeting innovators and thinking about how we can develop future Internet of Things uses cases together, simplifying people's lives, making industries more efficient and creating new business opportunities for operators and enterprises. I was extremely impressed with the high quality of our finalists, and would like to thank everyone who participated. Congratulations to the winners!" said Stephan Litjens, Vice President of Nokia Innovation Steering.

"For any company in the IoT space, a partnership with a large technology innovator like Nokia can make a significant difference. With more than 400 companies submitting their ideas, we are delighted to support this unique initiative fostering innovation and creating a unique opportunity for companies in the IoT space," said Bo Ilsoe, Managing Partner of Nokia Growth Partners.

The three 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 three winners will share incubation prize money of up to 100,000 euros. Nokia will also consider go-to-market opportunities with the other finalists.

Source : Nokia Press Release

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