Valeo Competition

Valeo Innovation Challenge 2017

Last date to apply

31 January 2017

Extended Date- 17 February 2017

About Valeo Innovation Challenge

  • Valeo Innovation Challenge 2017 is open for worldwide participation from students having expertise in different fields to work together and come up with innovative ideas.
  • The Challenge of the Competition is 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."
  • The project can be submitted to any of the two categories:
    • The innovation prize for the best technological innovation
    • The idea prizes for new ways of using the car.
  • One winner from each category will get cash prize worth 100,000 Euro (Approx. INR 70 lakh) while the runner-up from both the categories will get  10,000 Euros (Approx. INR 7 lakh).

Latest Update: The registration and submission for the Valeo Innovation Challenge 2017 last date has been extended till 17 February 2017 from 31 January 2017.

A video about the competition


Valeo Innovation Challange Important Dates

Phase 1: Registration and Submission
Last date of Registration of teams and
submission of the projects
January 31, 2017
Project Evaluation February 1, 2017
Result of Phase :1 March 17, 2017
Phase 2: Proof of Concept

Launch of proof of concept

March 18, 2017

Proof of concept submission deadline

July 7, 2017

Announcement of the 8 finalists

September 13, 2017

Proof 3: Final Presentation

Presentation of the finalist projects to the Jury

October 2017

Awards ceremony

October 2017

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Valeo Innovation Challenge Eligibility Criteria

Gender Any
Region Global 
Class/ Age Student 
Details
  • Nationality: There is no restriction on the nationality of the participating candidate.
  • Educational Qualification: The students willing to participate in the challenge should have completed their high school education.
  • Participation: Students from engineering, technical and science schools and universities can participate in the challenge by forming interdisciplinary teams of 2-5 members.
  • Travel Documents: The candidates participating in the Challenge must have a passport and all documents required to travel outside their country of residence.

Not eligible to participate

  • Employees associated with organisers and related companies and their children are not allowed to be a part of the Challenge.

Valeo Innovation Challenge Reward

  • First Prize: The first prize of 100,000 Euro (Approx. INR 70 lakh) will be awarded to one winner from each of the following category:
    • The innovation prize for the best technological innovation
    • The idea prizes for new ways of using the car.
  • Second Prize: In the same categories mentioned above second prize worth 10,000 Euros (Approx. INR 7 lakh) will be offered to one winner per category.
  • The organiser will handle all travel arrangements to Paris for all members of the eight finalist teams, including roundtrip airfare and hotel stays.
    • This does not including meals, beverages, travel insurance, personal expenses, trips and entertainment 

In Game Challange Benefits

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.). 

The prize money will be distributed evenly among all team members by bank transfer.

Valeo Innovation Challenge Application form and Process

The participation to Valeo Innovation Challenge 2017 is for teams only, and the complete registration process is online. The details of the application process are as follow:

  • Registration: The registration form is available on the official website of Valeo, however, applicants can also download the application form by following the link given below.
  • The applicants are required to complete the application form and while filling the application form, candidates should upload their student card as a proof of their status as a student.
  • Team: Teams may be multidisciplinary in nature and include a designer, sociologist, philosopher, urban planner, architect, biologist, etc. No changes to team composition will be permitted once it is submitted.
  • Team Size: 2-5 persons
  • During the registration phase, the members of the team can be changed but once the registration phase is over no further changes are allowed.
  • Details of the Challenge: To participate in the challenge, candidates should formteam of 2-5 members having different skills and come up with an innovative automobile-related project.
    • The teams should develop bold solutions for the society of tomorrow.
    • The innovations which have the potential to make the car and the way it is used more intelligent, intuitive, green and fun by 2030 can be submitted under 2 categories:
      • Best technological innovation.
      • New ways of using the car.

Valeo Innovation Challenge Selection Process

There will be selection criteria to be followed by the jury for the selection of the projects, the parameters on which the team projects will be accessed are given below:

Selection criteria Weightage Phase 1 Weightage Phase 2
The idea’s boldness, originality and innovation 50% 50%
Challenges and relevance of the problem dealt with and factoring in of society’s expectations 20% 20%
Knowledge of technical / related matters 10% 10%
Feasibility of proof of concept 10% -
Creation of proof of concept - 10%
Quality of presentation 10% 10%

 

Valeo Innovation Challenge Address

Valeo Head Quarter
43, rue Bayen, 75848 Paris Cedex 17 (552 030 967 RCS Paris)
The Valeo Innovation Challenge site is hosted by Prosodie:
150 rue Gallieni, 92100 Boulogne Billancourt,France.

Valeo Innovation Challenge Contact Details

E-mail: questionsvaleoinnovationchallenge.mailbox@valeo.com

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Conducted by

Valeo 
Valeo is a French automotive components manufacturer.

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