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Valeo Innovation Challenge
October 12, 2018

The aim of the contest is to reward an innovative automobile-related project (technological innovation or idea for a new way to use cars) that is the product of the imagination of students worldwide.

Description
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.

Through this contest, Valeo is showing that innovation lies at the core of its DNA and that Research and Development is a priority for the Group. It is the guiding force behind the 11,000 engineers who innovate each day while inventing the car of tomorrow.

The Group is seeking to raise student awareness of the challenges that careers in the automotive industry can offer them.

The selection criteria for the projects are:

- Bold, innovative and original idea of the project ("Best Innovation" category / "Best Idea for a new way to use cars" category);
- Challenges and relevance of the problem dealt with and factoring in of society’s expectations;
- Knowledge of technical / related matters;
- Feasibility and construction of proof of concept;
- Quality of presentation.

Students are invited to form teams of two to five people and submit their project by January 31, 2017.

The 24 projects selected for the proof of concept phase will receive financial assistance in accordance with the contents of Article 12 below.
Organizer
Valeo
Prize
A first prize of €100,000 will be awarded on completion of the contest in each of the following categories:

- The innovation prize for the best technological innovation;
- The best idea prize for a new way to use cars.

The second prize for each in these two categories is €10,000. The deadline for submitting entries is Tuesday January 31, 2017 at 12 noon, Paris time.