Valeo Innovation Challenge 2018 International Student Contest (200 000 Euros prize)

Application Deadline: March 30th 2018

Valeo launches its 5th Innovation Challenge, offering students and their academic teachers the opportunity to become players in automotive innovation. Valeo wishes to encourage students from all over the world to innovate and to develop their entrepreneurial spirit, offering the winners the opportunity to create their own start-ups.

The aim is to reward an innovative project, whether it is a technological innovation or an idea for new ways to use cars. The participants will have to propose new solutions in one of the following categories:

Requirements:

• The competition is open to post-baccalaureate students worldwide in higher education from all disciplines and to the teachers, one per team.
• The contest is open to students worldwide who have completed their high school education, from any discipline, and to teachers (maximum of one teacher per team), with one entry per person (with same name and same email address).
• Participants must be able to travel outside their country of residence and possess, by October 2018, a passport that is still valid for six months after the date scheduled for awarding the prizes (October 2018).
• Entrants must compete in teams made up of between two and a maximum of five people.

Teams can take part to the challenge by presenting a relevant, innovative project in English by submitting:

1. mp4 video pitch (maximum 3 minutes) that explains the project in a clear, simple and audible way,

2. accompanied by 5 slides describing the composition of the team; the problem identified; the existing or known solutions; the proposed technical solution; the target market and the business model.

The selection criteria for the projects are:

• Bold, innovative and original idea of the project
• Challenges and relevance of the problem addressed and how the expectations of automakers, end-users and society have been factored in
• Project quality with a view to creating a start-up:

– Project feasibility

– Structured business model

At the end of the competition, the sum of €200,000 will be shared, as decided by the jury, between the winning team of the Challenge and two second-place winners, in accordance with the provisions of Article 8.