Technology startups with innovative and disruptive solutions for the emerging industrial automation era are invited to compete in this year’s Nokia Open Innovation Challenge (NOIC). Winners of this global competition will be provided with up to $175,000 in financial assistance and the opportunity to collaborate with experts from Nokia and Nokia Bell Labs to help grow their businesses.
This year’s NOIC is seeking startups with disruptive ideas in industrial automation categories such as multi-robot collaboration, VR/AR driven human augmentation for industrial and enterprise use cases, digital personal assistants in enterprises, human machine/machine human communication technologies, edge computing and artificial intelligence and related technologies.
The competition is organized in partnership with NGP Capital, a global venture capital firm, backed by Nokia.
The annual NOIC event offers the opportunity for startup companies to showcase best-in-class products and solutions within industrial automation. This year marks the seventh year of this global competition; the previous year’s winner was Spark Microsystems, a Montreal-based business that manufactures low power wireless transceiver chipsets designed for the Internet of Things.
Startup businesses that want to enter need to submit their entries by June 30. Finalists will be brought to a mentoring event this autumn at Nokia Bell Labs in Murray Hill, New Jersey.
The selected finalists will then present their proposals to an international jury at an event located at Nokia’s global headquarters in Espoo, Finland. The selection jury will be chaired by Marcus Weldon and be comprised of leaders from across Nokia, Nokia Bell Labs and NGP Capital.