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.
The Aim Of The Challenge
The aim of the contest is to reward an innovative automobile-related project in two categories: technological innovation and ideas for new ways of using cars. The Challenge offers students from around the world the opportunity to become players in automotive innovation. They are invited to come up with an innovation which would, between now and 2030, make the car and the way it is used more intelligent, intuitive, green and fun.
Who Can Participate?
Each team must appoint a leader who will represent it. The leader will be the Valeo contact person. The leader must act as coordinator with the other team members which can include for the first time a teacher (faculty) and personally handle the use and possible sharing of Valeo’s financial participation in the project expenses. Valeo will not accept any claims in this regard.
What Is Expected From Participants?
Entrants must compete in teams made up of between two and a maximum of five people. The constitution of the team shall only be considered definitive on completion of the registration phase. During this phase (From 14 October 2016 to 31 January 2017) it will be possible to change the members of the team as well as the project. Once this phase has been completed, no more changes will be accepted. If however a member decides to leave the team after this phase, the team cannot remain in the running if it has fewer than two members.
The projects submitted must meet the following criteria and technical constraints:
- Documents must be drafted in English
- Phase 1 - Presentation of the project (3 pages maximum) with illustrations authorized (photos, diagrams).
Criteria taken into account:
- Bold, innovative and original idea of the project (50%)
- Challenges and relevance of the problem dealt with and factoring in of society’s expectations (20%)
- Knowledge of technical / related matters (10%)
- Feasibility of proof of concept (10%)
- Quality of presentation (10%)
Expected content in your project submission
Part 1 - "A summary of your project is required because it is the first step in the evaluation process. 20 and 30 lines maximum. No pictures / graphs, acronyms or reference to proposal's chapters are allowed in this field."
Part 2 - "What is the problem or situation to improve?"
Part 3 - "What is/are the current solution(s), if any?"
Part 4 - What is your solution?"
Part 5 - "What type of model demonstration (Proof of concept) are you considering and how do you plan to build it?
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).
The contest starts on October 14, 2016 and the deadline for entries is Tuesday January 31, 2017 at 12 noon, Paris time.
The prizes will be awarded in mid-October 2017 in Paris, France.
The organizers reserve the right, in the event of force majeure or for any reason that is beyond their control, to modify the contest dates. They cannot be held liable in this regard.
How To Enter?
To enter the contest, complete the on-line form by visiting the original web page.
Any entry form that is incomplete or that contains inaccuracies will not be taken into account and will result, automatically and ipso jure, in the disqualification of the team in question.
Entrants are required to compete using their true identities. The organizer reserves the right to carry out all checks that may be necessary.
Entrants must compete in teams made up of between two and a maximum of five people (and may include an academic teacher). The constitution of the team shall only be considered definitive on completion of the registration phase. During this phase (from October 14, 2016 to January 31, 2017 noon, Paris time) it will be possible to change the members of the team as well as the project. Once this phase has been completed, no more changes will be accepted. If however a member decides to leave the team after this phase, the team cannot remain in the running if it has fewer than two members.
Each team must appoint a leader who will represent it and who must be one of the students in the team. The leader will be the Valeo contact person. The leader must act as coordinator with the other team members and personally handle the use and possible division of Valeo’s financial participation in the project expenses (see article 12). Valeo shall not accept any claims in this regard.
Entry in the contest implies the unreserved acceptance of these regulations in full, rules of compliance, and laws, regulations and other legislation applicable in France.
The organizer shall not be bound to return the entries presented, once the contest is over.
The 24 teams selected on completion of phase 1 shall each be provided with an amount of five thousand euros (€5,000) for the purpose of putting their idea into practice and creating a functioning proof of concept (physical software, app, business model, websites, etc.). This amount will be paid by bank transfer, to the team leader before April 17, 2017 (on condition that the necessary banking details have been provided to Valeo) who should be the holder of a bank account by this date.
The organizer shall bear the cost of travelling to Paris (France) by the members of the eight finalist teams, including return tickets and accommodation, excluding meals, beverages, personal expenses, excursions, visits other than those planned by the organizer, the cost of which will be borne by the finalists.
For more information please click on "Further official information" below.
This opportunity has expired. It was originally published here: