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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.
The Nokia Open Innovation Challenge is open to innovators around the world aiming to find the next big idea! It can be a new technology, a business model or a combination of both that will help us make lives better!
Application can be done online only.
Step 1. A cross-functional jury formed by Nokia IoT experts, business decision makers, Nokia Growth Partners (NGP) and other industry experts will review all applications from multiple perspectives.
Step 2. Online pitching round for top 25 innovator teams.
Step 3. The top 15 applicants will be notified and invited to the pre-incubation phase in Paris financed by Nokia.
Step 4. During the pre-incubation phase, the top 15 innovator teams will attend a two-day Concept Development Workshop with their assigned Nokia mentor to brainstorm and co-create the next steps towards making joint business.
Step 5. Following the pre-incubation phase, the top 15 teams will present the results of the workshops to the jury* during the award ceremony. The jury will select the teams most suited to join the Nokia Innovation Acceleration program.
*10 Nokia decision makers will form the jury.
Step 6: Selected innovators will continue their collaboration by entering the Nokia Innovation Accelerator Program to incubate their ideas within Nokia, accessing Nokia’s global market and networking with investors including Nokia Growth Partners.
What’s in it for the finalists?
The opportunity to enter the Nokia Innovation Accelerator Program to work with Nokia experts on creating joint business models while receiving a technology boost by accessing Nokia’s products, services and resources. In addition, a €100,000 incubation prize will be shared between the top three teams!
Access to Nokia’s global market and the opportunity to form valuable partnerships.
No documents available.