Press release
-
12 innovators from the United States, France,
Taiwan, Germany, the Netherlands and the United Kingdom awarded for
their technologies that address opportunities in the Internet of
Things.
-
Innovations address the Internet of Things
domains of public safety, connected automotive, industry 4.0,
digital health, utilities, security and smart cities.
October 26, 2016
Espoo, Finland - Start-ups with
innovative products focusing on the connected home, digital health
and big data have taken the top three spots in Nokia's 2016 Open
Innovation Challenge, beating a tough field of over 400 entries in
a competition which looks for the next big ideas in Internet of
Things domains including public safety, connected automotive,
industry 4.0, digital health, utilities, security and smart cities.
The challenge was organized in partnership with Nokia Growth
Partners, which this year announced a USD 350 million fund for
investments in IoT companies.
Nokia received several hundred submissions from
around the world and after an intensive evaluation period, the
finalists were selected. The 12 finalists were invited to Nokia's
site at Paris-Saclay for a two-day workshop with Nokia mentors,
followed by the pitching and award ceremony on October 21.
The first prize was awarded to CUJO for their
firewall for the connected home, designed to bring business-level
security to the home network. The second prize and investors'
choice prize were awarded to iSono Health, who empower people to
take charge of their health with early breast cancer detection. The
third prize was awarded to Mobagel for their Decanter(TM) Big Data
AI engine which automatically chooses the optimal machine learning
model and provides the right actionable insights for marketers and
executives. A full list of the finalists is available below.
"The Nokia Open Innovation Challenge is all about
meeting innovators and thinking about how we can develop future
Internet of Things uses cases together, simplifying people's lives,
making industries more efficient and creating new business
opportunities for operators and enterprises. I was extremely
impressed with the high quality of our finalists, and would like to
thank everyone who participated. Congratulations to the winners!"
said Stephen Litjens, Vice President of Nokia Innovation
Steering.
"For any company in the IoT space, a partnership
with a large technology innovator like Nokia can make a significant
difference. With more than 400 companies submitting their ideas, we
are delighted to support this unique initiative fostering
innovation and creating a unique opportunity for companies in the
IoT space," said Bo Ilsoe, Managing Partner of Nokia Growth
Partners.
The three winners will be able to join Nokia's
Innovation Accelerator Program to incubate their ideas within
Nokia, access Nokia's global market and network with investors. In
addition, the three winners will share incubation prize money of up
to 100,000 euros. Nokia will also consider go-to-market
opportunities with the other finalists.
The first prize was awarded to:
CUJO @cujounited
With their main office in Los Angeles, CUJO is a
firewall for the connected home, designed to bring business-level
security to the home network. With billions of connected devices,
our lives are increasingly exposed to virtual threats. Traditional
security solutions are outdated with cybercriminals creating new
ways to reach into your home every day. CUJO works on a device that
will allow users to experience a connected life without
compromise.
The second prize and investors choice was awarded
to:
iSono Health @isonohealth
iSono believes in empowering people to take charge
of their health with early breast cancer detection. Unlike
once-a-year screenings, its personalized solution enables you to
conveniently and regularly track any changes over time. We empower
people with potentially life-saving data and actionable
feedback.
The third prize was awarded to:
Mobagel @Mobagel
MoBagel's Decanter(TM) Big Data AI engine
automatically chooses the optimal machine learning model and
provides the right actionable insights for marketers and
executives. On 500 Startups' Demo Day in August 2015, MoBagel
showcased the newly revised IoT analytics solution that uses
real-time reporting and predictive analytics to help hardware
manufacturers save millions in R&D and operational costs per
year.
The other finalists are:
Baimos Technologies @BlueID_en
BlueID is a software technology which enables
objects to securely connect and interact with users' smart phones
and smart watches. It created BlueID because of the importance of
security, especially nowadays, when there is an increasing need for
a fast and secure connection between smart devices and objects in
the world of IoT. As most of those smart devices can be only
controlled by their owners, traditional IT security solutions don't
apply anymore.
Craft ai @craft_ai
Craft ai believes gathering, broadcasting and
visualizing data will never be enough to fulfill the promise of
smarter services. People are already overwhelmed and getting more
dashboards and notifications won't help making our life better.
Craft ai believes Artificial Intelligence can be leveraged to
create relevant pieces of information and automate tedious
tasks.
Dukorp Corp: Multimer @dukode
DuKorp operates at the intersection of smart
cities and quantified self. It develops Multimer, a location
analytics system that integrates biosensor data into existing
geographic insights. DuKorp's first product, MindRider, is a
low-cost brainwave sensor that integrates with Multimer and was
originally developed at MIT.
Flock @flyflock
Big-Data driven risk analysis for drones. Flock's
artificial intelligence platform uses Big Data to make drones safer
and smarter in urban environments. Its algorithm visualises
real-time population density and traffic conditions.
iXensor @iXensor
Headquartered in Taiwan, iXensor develops,
manufactures and markets an integrated self-monitor blood glucose
medical device and diabetes management service. The company was
established by three STB fellows (Stanford-Taiwan Biomedical
Fellowship program).
Minut @minuthq
Minut develops the first camera-free home monitor
to allow you to watch over your home without complex systems or
intrusive cameras. The point can detect smoke, loud noises and
monitors the indoor environment.
Smart Me Up @smart_me_up
Smart Me Up is one of the most advanced face and
multi-object detection embedded software solutions in the world. It
has been optimized to run on low cost processors to go further than
the traditional compromise between precision and speed. Main
applications are in automotive, security and smart home.
Tymlez @tymlezbv
Tymlez delivers blockchain based enterprise
solutions. Its smart enterprise blockchain platform enables
business owners to easily adopt disruptive technologies in their
existing environment or use the software to become a disrupter
themselves.
Yodiwo @yodiwo_iot
Yodiwo introduces a Fog Centric IoT Platform
paving the way to an unthinkable set of new applications that
address complex business challenges and personal needs. Yodiwo
created a technology for cloud managed, intelligent IoT gateways
which unify disparate industrial and home automation systems.
Resources
Web Page
About Nokia
Nokia is a global leader in the technologies that connect people
and things. Powered by the innovation of Nokia Bell Labs and Nokia
Technologies, the company is at the forefront of creating and
licensing the technologies that are increasingly at the heart of
our connected lives.
With state-of-the-art software, hardware and
services for any type of network, Nokia is uniquely positioned to
help communication service providers, governments, and large
enterprises deliver on the promise of 5G, the Cloud and the
Internet of Things. http://nokia.com
Media Enquiries:
Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: NOKIA via Globenewswire