Paris, December 21, 2016 – With 158 teams already signed up from 35 different countries, including six from France, the 2017 Valeo Innovation Challenge is breaking all its past records and setting up to be a particularly tight contest. And participation is bound to increase, as future candidates still have 40 days left to register. They will be competing to win one of two €100,000 first prizes or one of two €10,000 second prizes.
This year's challenge comes with a new option: the possibility of including a teacher on the competing team. The rules will otherwise be the same as in previous years. Students from all disciplines are invited to enter, in teams of two to five people. The teams must sign up on the contest website https://valeoinnovationchallenge.valeo.com in one of the two available categories: "technological innovation" or "idea for new ways of using cars". Their job is to come up with the innovation or idea that will make cars smarter, cleaner, more fun and more intuitive by 2030.
In each of the two categories, the winning team will take home a grand prize of €100,000 and the second-place team a prize of €10,000. Furthermore, in addition to the €100,000 in prize money, the winning team in the "technological innovation" category will, for the first time ever, have the exceptional opportunity to join a Valeo-partnered start-up accelerator to develop their project in a dedicated environment in contact with other start-ups.
Students are being challenged to venture off the beaten track, break down traditional barriers in the automotive industry and take a fresh look at conventional car practices, in the city, in the suburbs and on the highway, to re-imagine tomorrow's mobility solutions. To make the most of every opportunity and every phase of the contest, go to: https://valeoinnovationchallenge.valeo.com.
January 31, 2017: Registration deadline
March 17, 2017: 24 semi-finalist teams announced
March 17, 2017 – July 7, 2017: Project’s development (teams each given €5,000)
September 13, 2017: Eight finalist teams announced
October 2017: Projects presented to the panel and winners announced
Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.