Valeo shortlists 20 teams for the Valeo Innovation Challenge
Paris – April 1, 2015 – Valeo today named the 20 teams shortlisted by its 80 experts to compete in the second round of the Group's global innovation challenge.
The participating teams come from all over the world and represent a total of 12 different countries: China, Egypt, Germany, India, Malaysia, Poland, Russia, Spain, Turkey, the United Kingdom, the United States and Uzbekistan.
The shortlisted teams now have until July 17, 2015 to develop a working prototype of their project using the €5,000 in funding allocated to each of them by Valeo. Six finalist teams will then be selected to present their project to the jury during the Frankfurt Motor Show (IAA 2015). The jury will be chaired by Jacques Aschenbroich, Valeo Chief Executive Officer, and will comprise members of the Group’s senior management team, as well as eminent figures from the worlds of science and design.
The winning team will take home €100,000 in prize money and the second and third-place teams will receive €10,000 each.
The Valeo Innovation Challenge invites students from around the world to play an active role in automobile innovation by designing the product or system that will create smarter, more intuitive cars by 2030.
For more information: https://valeoinnovationchallenge.valeo.com/
With the Valeo Innovation Challenge, Valeo is demonstrating once again that innovation and R&D are top priorities for the Group. Indeed, innovation guides the teams who are working each day to invent the car of tomorrow.
Most of Valeo’s research and development programs are focused on the design of technologies that reduce motor vehicle carbon emissions and promote intuitive driving. The company ranks among the leading patent filers in France, dedicating nearly 11% of its original-equipment revenue to innovation. With close to 11,000 researchers in 50 research and development centers around the world, Valeo has developed a wide array of innovative products and technologies that represent 35% of orders.
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 CO? emissions and to the development of intuitive driving. In 2014, the Group generated sales of €12.7 billion and invested over 10% of its original equipment sales in research and development. Valeo has 133 production sites, 16 research centers, 34 development centers and 15 distribution platforms, and employs 78,500 people in 29 countries worldwide. Valeo is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
For more information about the Valeo Group and its activities, please visit: www.valeo.com
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