The Valeo Innovation Challenge is back, in this year there will be a total of 1412 students around the world participating.
Students from the engineering department represent a total of 969 teams all from 55 countries and carrying the flag of 455 universities, have made their submission.
The total number has to be cut down to 20 teams and the process begun this week on Tuesday and the shortlisted teams will be announced on April 15th, 2014. Valeo will grant each of them €5,000 to create a functioning prototype.
The six teams that submit the most innovative projects will be chosen on September 16, 2014 and willl be invited to Paris a month later to present their projects to a jury chaired by Jacques Aschenbroich, Valeo chief executive officer, and comprised of members of the Group’s senior management team, as well as eminent figures from the worlds of science and design.
The winning team will bag €100,000 and the team that takes the second and third place will get €10,000.
The goal of the Valeo Innovation Challenge is to invite students to imagine equipment that, between now and 2030, will make cars more intelligent and intuitive.
Students taking part in the Challenge are asked to develop bold, revolutionary solutions for the cars of the future.
With the Innovation Challenge, Valeo is demonstrating once again that innovation and R&D are top priorities for the Group.
Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry, mainly for CO2 emissions reduction and intuitive driving.