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Valeo Competition

Valeo Innovation Challenge 2018

Last date to apply

30 March 2018

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About Valeo Innovation Challenge

  • Valeo Innovation Challenge 2018 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 of the program 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:
    • Vehicle Electrification
    • Autonomous Vehicle
    • Digital Mobility
  • For the 1st, 2nd and 3rd Teams, the winning amount will be €200,000 to be shared.

A video about the competition


Valeo Innovation Challange 2018 Dates

Phase 1: Registration and Ideation
Registration of teams starts 15 November 2017
Last date of  registration and idea submission 30 March 2018
Phase 2: Project Accelerations

Launch of proof of concept

16 June 2018

Proof of concept submission deadline

28 September 2018

Proof 3: Final Presentation

Presentation of the finalist projects to the Jury

12 October 2018

Awards ceremony

12 October 2018

 

Innovation Challenge Schedule

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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

At the end of the competition, the award prize of €200,000 will be shared between the three winning teams, as decided by the jury. The three winning teams will have to create a start-up within a deadline of six months after the results have been announced. The prize money shall be paid out to the newly created company, subject to legal and fiscal requirements.

  • Once the deadline has expired, the prize money can no longer be paid out. In exchange, Valeo will take a 5% stake in the equity of the future companies. 
  • They will also have the benefit of being introduced to investors and the world’s best start-up accelerators. 
  • The organizers reserve the right to request proof of the winning start-up’s existence of its compliance with fiscal regulations, to award each prize.
  • Any prize money that will not be awarded will not be put back into play.

Valeo Innovation Challenge Application form and Process

The participation to Valeo Innovation Challenge 2018 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.

Click here to register for the Challenge

  • 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 no further changes are allowed.
  • Details of the Challenge: To participate in the challenge, candidates should form a team of 2-5 members having different skills and come up with an innovative automobile-related project.
  • The participants will have to propose new solutions in one of the following categories:
    • Vehicle Electrification
    • Autonomous Vehicle
    • Digital Mobility

Valeo Innovation Challenge Selection Process

  • Candidates need to submit a pitch (MP4 video file format), no longer than three minutes, explaining the project in a clear, audible, and simple manner.
  • A slideshow of five slides presenting the team and the project specifications will be submitted.
  • The specifications defined by the organizer for this phase will be published online at https://valeoinnovationchallenge.valeo.com 
  • During this phase, the teams may modify the content of their entries, whether this involves the team members or the content of their project.

There will be selection criteria to be followed by the jury for the selection of the projects.

The selection criteria for the projects are:

Criteria for Selection Percent Contribution                              

Bold, innovative and original idea of the project

40 %
Challenges and relevance of the problem addressed and how the expectations of automakers, end-users and society have been factored in 20 %

Project quality with a view to creating a start-up:

  • Project feasibility
  • Structured business model
40 %

Valeo Innovation Challenge Contact Details

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.
E-mail: questionsvaleoinnovationchallenge.mailbox@valeo.com

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