Valeo Innovation Challenge Contest 2017

Posted in on January 14, 2017

Valeo

Description :

Valeo is offering young students worldwide the opportunity to make the car of 2030 and the way it’s used more intelligent, intuitve, green and fun. Comprising teams of two to five people, students from any discipline can take part by presenting a relevant, innovative project in English. The aim is to stimulate the students’ creativity, enabling them to form multidisciplinary teams.

The Valeo Innovation Challenge is part of Valeo’s innovation strategy, supported by the company’s annual Research and Development budget of over €1 billion.

CONTEXT, CHALLENGES AND AIMS:

The aim of the contest 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.
Participants are being asked to 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 PROJECTS ARE:

Bold, innovative and original idea of the project (“Best Innovation” category / “Best Idea for a new way to use cars” category);

Challenges and relevance of the problem dealt with and factoring in of society’s expectations;

Knowledge of technical / related matters;

Feasibility and construction of proof of concept;

Quality of presentation.

The 24 projects selected for the proof of concept phase will receive financial assistance in accordance with the contents of Article 12 below.

A first prize of €100,000 will be awarded on completion of the contest in each of the following categories:

The innovation prize for the best technological innovation;

The best idea prize for a new way to use cars.

The second prize for each in these two categories is €10,000. The deadline for submitting entries is Tuesday January 31, 2017 at 12 noon, Paris time.

ELIGIBILITY AND ENTRY REQUIREMENTS:

The contest is open to students worldwide who have completed their high school education and their academic teachers (maximum of one teacher per team), with one entry per person (same name and same e-mail address).

Contest entrants must be able to travel outside their country of residence and possess, by October 2017, a passport that is still valid for six months after the date scheduled for the prize giving (October 2017).

Each team leader must plan to collate all of the original banking information and documents that will be required prior to payment of the financial support in phase 2 – creation of proof of concept (see article 12): IBAN, SWIFT numbers, letter from bank certifying that entrant is an account holder.

The following people may not enter the contest:

Employees of the organizer, of any company that it controls, that controls it or that is under joint control with it, and their children.

People who have been involved in organizing the contest, and their children.

People who have a conflict of interest (especially interns, apprentices and PhD students still working for the company).

SUBMISSION DEADLINE:

The contest deadline for entries is Tuesday January 31, 2017 at 12 noon, Paris time.

Detailed Information: Click here for more details

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