PRESENTATION OF THE CONTEST VALEO INNOVATION CHALLENGE
CONTEXT, CHALLENGES AND AIMS
The aim of the contest is to reward an innovative automobile-related project (technological innovation or idea for a new way to use cars) that is the product of the imagination of students worldwide.
Valeo launched the 4th edition of its contest, the “Valeo Innovation Challenge 2017”, which offers students from around the world and their academic teachers the opportunity to become players in automotive innovation. They are required to come up with an innovation which would, between now and 2030, make the car and the way it is used more intelligent, clean, intuitive, green and fun.
Participants are being asked to develop bold solutions for the society of tomorrow.
Through this contest, Valeo is showing that innovation lies at the core of its DNA and that Research and Development is a priority for the Group. It is the guiding force behind the 11,000 engineers who innovate each day while inventing the car of tomorrow.
The Group is seeking to raise student awareness of the challenges that careers in the automotive industry can offer them.
THE SELECTION CRITERIA FOR THE PROJECTS ARE:
- 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.
The 24 projects selected for the proof of concept phase will receive financial assistance in accordance with the contents of Article 12 below.
A first prize of €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 €10,000. The deadline for submitting entries is Tuesday January 31, 2017 at 12 noon, Paris time.
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