Site icon AlphaGamma

Valeo Innovation Challenge 2017

alphagamma Valeo Innovation Challenge 2017 opportunities.jpg

Deadline: January 21, 2017 | Register here
[Oops, the opportunity has already expired. Sign up to AlphaGamma weekly newsletters to stay ahead of the game]
Eligibility: The contest is open to team of students worldwide who have completed their high school education
Prizes: the first prize is EUR 100,000,- the second prize is EUR 10,000,-
Location: Paris, France

Valeo Innovation Challenge 2017

The aim of Valeo Innovation Challenge 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.

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 project are:

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

For the first time since the creation of the Challenge, Valeo will be offering the winning team (in the Technological Innovation category), the opportunity to join a business accelerator (HAX), a Valeo partner, in the aim of setting up a company.

The team will be given personalized support with the project for which it was selected, in a working environment dedicated to and in contact with other start-ups.

Accordingly, the team members will finalize their prototype, learn to value their business and develop their strategy with the help of a network of mentors.

They will be given valuable information on how to manage a company in terms of manufacturing, supply chain management and distribution.

Finally, they will be given coaching on how to present their new company in preparation for future meetings with investors and the press. Valeo will cover all costs relating to the business accelerator.

In exchange, the accelerator and Valeo will each take a 9% stake in the new start-up.

The prizes will be awarded in mid-October 2017 in Paris, France.

The organizer will cover the cost of traveling to Paris, France by the members of the eight finalist teams, including return tickets and accommodation, excluding meals, beverages, personal expenses, excursions, visits other than those planned by the organizer.

Eligibility and entry requirements

Selection of projects

The organizer, assisted by Valeo’s Marketing and R&D Experts networks along with independent external experts, will select the 24 best projects received.

Valeo will announce which projects have been selected to all of the candidates. A list of the 24 selected teams will be published on March 17, 2017.

Project requirement

The projects submitted must meet the following criteria and technical constraints:

Phase 1: Presentation of the project (min. 5 pages) with illustrations authorized (photos, diagrams)

Criteria took into account:

Phase 2: Creation of a proof of concept and/or any other communication media to render the technological innovation or the idea (a new way to use cars) concrete, along with a 20-page written document

The following formats are accepted:

Criteria took into account:

Phase 3: Presentation of the project to the members of the jury

For more business and career opportunities, check our opportunities section and subscribe to our weekly newsletters.

Exit mobile version