Valeo Innovation Challenge 2017

Valeo is offering young students worldwide the opportunity to make the car of 2030 and the way it’s used more intelligent, intuitve, green and fun. Comprising teams of two to five people, students from any discipline can take part by presenting a relevant, innovative project in English. The aim is to stimulate the students’ creativity, enabling them to form multidisciplinary teams.

Selection Criteria

• Bold, innovative and original idea of the project (“Best Innovation” category / “Best Idea for a new way to use cars” category)
• Challenges and relevance of the problem dealt with and factoring in of society’s expectations
• Knowledge of technical / related matters
• Feasibility and construction of proof of concept
• Quality of presentation

Prizes

The 24 teams selected on completion of phase 1 will each be provided with an amount of EUR 5,000,- for the purpose of putting their idea into practice and creating a functioning proof of concept (physical software, app, business model, websites, etc.).

The first prize of EUR 100,000,- will be awarded on completion of the contest in each of the following categories:

• The innovation prize for the best technological innovation
• The best idea prize for a new way to use cars.

The second prize for each in these two categories is EUR 10,000

Eligibility

• Valeo Innovation Challenge is open to students worldwide who have completed their high school education and their academic teachers (maximum of one teacher per team), with one entry per person.
• Entrants must compete in teams made up of between two and a maximum of five people (and may include an academic teacher).
• Contest entrants must be able to travel outside their country of residence and possess, by October 2017, a passport that is still valid for six months after the date scheduled for the prize giving (October 2017).
• Each team leader must plan to collate all of the original banking information and documents that will be required prior to payment of the financial support in phase 2.

Official Link: https://valeoinnovationchallenge.valeo.com/the-challenge/introduction

Deadline: 21st January, 2017