Nokia launched on Thursday its Open Innovation Challenge for the fifth year running, focusing now on the Internet of Things (IoT) for smart cities, mobility, safety and security, and connected industries. The challenge is being organized in partnership with private venture firm Nokia Growth Partners.
Nokia is shaping a new revolution in technology, where networks augment and aid our daily lives. We create the technology that connects the world and are looking to co-innovate with the ecosystem to invent disruptive technologies.
The Nokia Open Innovation Challenge is calling for startups and innovators who are working on the next big ideas in IoT to improve people lives and able to demonstrate a working prototype for their idea that improves cities by solving many urban challenges; improves safety with technology; and boost how interaction and experience the world delivers with virtual reality and machine interactions. It also enables the next industrial revolution with LTE, robotics and sensors; and improves health with digital technologies.
“The industrial revolution is well on its way. Ultimately our aim at Nokia is to create technology that connects the world, a challenge which we embrace with nothing less than our relentless passion for innovation. But we know, that we cannot succeed alone,” said Kathrin Buvac, Nokia’s chief strategy officer. “Co-innovating in an open ecosystem with start-ups and large tech companies in a healthy balance is so essential. The Nokia Open Innovation Challenge is a fantastic opportunity for innovators and entrepreneurs to join us as we embrace the challenge of creating technology to serve the growing needs for the Internet of Things.”
“The Nokia Open Innovation Challenge is a celebration of entrepreneurship and innovation in IoT as well as a fantastic opportunity to partner with a large technology corporation. We have sponsored the initiative for four years now because we always meet interesting companies through the challenge,” said Bo Ilsoe, Partner of Nokia Growth Partners.