Nokia Open Innovation Challenge ’16 is accepting ideas now

Nokia Open Innovation Challenge

Nokia has started accepting ideas for its Nokia Open Innovation Challenge 2016 from all around the globe. Everyone including innovators, startups, and students from all around the globe can now submit ideas and compete to enter the Nokia Innovation Accelerator Program.

What is Nokia Open Innovation Challenge 2016?

Nokia Open Innovation Challenge is a program formed by Nokia in partnership with its venture firm Nokia Growth Partners. Nokia Growth Partners is an independent fund of Nokia which invests and looks to offer strategic opportunities to the budding entrepreneurs in their growth stages. This year, Nokia Growth Partners has announced USD 350 million of funds for investment in technology companies.

The Nokia Open Innovation Challenge 2016 will find innovative technologies, creative ideas, and business models within the Internet of Things (IoT) mainframe for joint business with Nokia.

What’s it about?

Nokia Open Innovation Challenge basically focuses on futuristic innovations which lie in the broad domain of Internet of Things (IoT). Nokia is particularly interested in some specific areas like connected automotive, public safety, security, industry 4.0, digital health, utilities, and smart cities.

Who can take part?

The challenge is open to anyone from all around the world. Anyone can pitch in with ideas, technological innovations, and business models. If the idea is in the IoT domain, it is acceptable. However, Nokia demands a working proof of concept as a requirement to enter the challenge.

How to take part?

Ideas and innovations can be submitted online via Nokia’s idea collection campaign from June 6 to August 15, 2016.

How will the selection go about?

Phase 1: Every application from around the globe will be reviewed from several perspectives by a jury consisting of Nokia IoT experts, Nokia Growth Partners, business decision makers, and other industry experts.
Top 25 teams will be shortlisted through this phase.

Phase 2: Shortlisted teams will then be allowed to defend their ideas and innovations through an online pitching round.
Top 15 teams will make out of this phase.

Phase 3: The shortlisted 15 teams will be invited for the pre-incubation phase in Paris which will be financed by Nokia.

Phase 4: The teams attending the pre-incubation phase will be attending a two-day workshop on Concept Development. They will be consulting with their assigned Nokia mentors to work for next steps towards making joint business with Nokia.

Phase 6: The teams will be presenting the results of the workshops to a 10 member jury. The jury will then select the teams on the basis of their suitability to joining the Nokia Innovation Acceleration program.

What do the winners get?

Well, it is exciting. The selected teams will be incubated within Nokia through their Nokia Innovation Accelerator Program. They will work with experts from Nokia to create joint businesses. They will have access to Nokia’s advanced technologies, services, and resources. These opportunities will enable the winner teams to access the global market, make pertinent business relationships, and gain further investment opportunities. Not to forget the Incubation Prize money of €100,000.

Nokia aims to expand the human possibilities of technology and hence, improve people’s lives. At Mobile World Congress 2016, it indicated how it is going to lead the development of 5G and IoT technologies.

The post Nokia Open Innovation Challenge ’16 is accepting ideas now appeared first on TechJuice.

~ Shop by Category ~

Mens Fashion in Pakistan  Mens Latest Fashion in Pakistan  Mens Fashion Accessories Online Shopping in Pakistan  Mens Belts Online Shopping in Pakistan  Cufflinks Online Shopping in Pakistan  Mens Perfumes Online Shopping in Pakistan  Mens Sunglasses Online Shopping in Pakistan  Mens Wallets Online Shopping in Pakistan  Mens Watches Online Shopping in Pakistan  Mens Clothing Online Shopping in Pakistan Mens Wester Clothing Online Shopping in Pakistan  Export Stock Lot & Export Leftover in Pakistan  Mens Winter Collection 2019-2020  Mens Hoodies & Jackets Online Shopping in Pakistan  Mens Jeans Online Shopping in Pakistan  Mens Pants Online Shopping in Pakistan  Mens Shirts Online Shopping in Pakistan  Mens T-shirts Online Shopping in Pakistan  Mens Pakistani Clothing Online Shopping in Pakistan  Mens Nightwear & Undergarments Online Shopping in Pakistan  Mens Bathrobe Online Shopping in Pakistan  Mens Nightwear Online Shopping in Pakistan  Mens Pajamas Online Shopping in Pakistan  Mens Undergarments Online Shopping in Pakistan
Ladies Fashion Online Shopping in Pakistan  Ladies Latest Fashion Online Shopping in Pakistan  Womens Accessories Online Shopping in Pakistan  Ladies Handbags & Purses Online Shopping in PakistanLadies Perfumes Online Shopping in Pakistan  Ladies Sunglasses Online Shopping in Pakistan  Ladies Watches Online Shopping in Pakistan  Ladies Clothing Online Shopping in Pakistan  Pakistani Dresses Online Shopping in Pakistan  Pakistani Dresses Latest Designs & New Arrival  2018 Collection Pakistani Dresses in Pakistan  2019 Collection Pakistani Dresses Designs  Abaya & Hijab Online Shopping in Pakistan  Ladies Kurti Online Shopping in Pakistan  Original Dresses Online Shopping in Pakistan  Replica Dresses Online Shopping in Pakistan  Stitched Dresses Online Shopping in Pakistan  Unstitched Dresses Online Shopping in Pakistan  Bridal Dresses Online Shopping in Pakistan  Designer Dresses Online Shopping in Pakistan  Eid Collection Pakistani Dresses 2019-2020  Engagement Dresses Online Shopping in Pakistan  Mehandi Dresses Online Shopping in Pakistan  Nikah Dresses Online Shopping in Pakistan  Party Dresses Online Shopping in Pakistan  Walima Dresses Online Shopping in Pakistan  Wedding Dresses Online Shopping in Pakistan  Chiffon Dresses Online Shopping in Pakistan  Embroidered Dresses Online Shopping in Pakistan  Lawn Dresses Online Shopping in Pakistan  Linen Dresses Online Shopping in Pakistan  Net Dresses Online Shopping in Pakistan  Satin Dresses Online Shopping in Pakistan  Silk Dresses Online Shopping in Pakistan  Velvet Dresses Online Shopping in Pakistan  Indian Dresses Online Shopping in Pakistan  Ladies Summer Collection Pakistani Dresses 2019-2020  Ladies Winter Collection Online Shopping in Pakistan  Lingerie Online Shopping in Pakistan  Lingerie New Arrival 2019-2020 Collection  Ladies Bathrobe Online Shopping in Pakistan  Bikini Online Shopping in Pakistan  Bra Online Shopping in Pakistan  Bra Panty Sets Online Shopping in Pakistan  Panty & Thongs Online Shopping in Pakistan Bra by Color  Bra by Size  Bra by Types - Types of Bra  Body Shaper Online Shopping in Pakistan  Camisole Online Shopping in Pakistan  Sexy Lingerie Online Shopping in Pakistan  Nightwear Online Shopping in Pakistan  Nighty Online Shopping in Pakistan  Bridal Nighty Sets Online Shopping in Pakistan  Body Stocking & Leg Stocking Online Shopping in Pakistan  Tights Online Shopping in Pakistan  Ladies Undergarments Online Shopping in Pakistan