The FINANCIAL — Nokia Networks launches its third consecutive Open Innovation Challenge, which this year is focused on the Internet of Things (IoT) domain. Nokia is seeing an explosion of possibilities for consumers, industries and societies enabled by the IoT. This year’s Nokia Open Innovation Challenge offers the brightest innovators an opportunity to collaborate with the company on game-changing ideas to shape the future of the IoT industry.
Nokia’s vision is to expand the human possibilities of technology to improve people’s lives and help them thrive by enabling a programmable world where billions of people, things, sensors and devices are connected. As such, the company anticipates exciting use cases to arise within various verticals, including health, security, automotive, public safety, industrial Internet and smart cities, according to Nokia.
The Nokia Open Innovation Challenge 2015 is a call for innovative ideas, technologies, or business models, and an opportunity to collaborate with Nokia to advance innovations within the IoT domain. Through this challenge, ideas will be assessed and the winners get a chance to leverage Nokia’s global market reach and connectivity expertise. Others may be selected by Nokia Growth Partners (NGP), Nokia’s investment arm and co-sponsor of the challenge, which is actively investing in promising IoT companies.
Submissions are being accepted between August 3 and September 20, 2015. Startup companies – whether large or small – as well as teams, individuals, businesses and academia are invited to join the challenge and submit their working prototype.
Hossein Moiin, Executive Vice President and CTO for Nokia Networks, said: “Building networks for the programmable world requires a P-O-P approach; turning networks into Platforms, Orchestrating the ecosystem, and creating the required Partnerships. Today, the pace of innovation matters more and more in our daily lives and, at Nokia, we are showing our openness to incorporating innovations from all around us by launching our third annual Open Innovation Challenge. Our objective is to reach out to the brightest innovators and experts in the IoT domain so that we, together, can help build a future that will benefit us all. I am personally committed to champion the best innovations towards global market success together with Nokia.”