Continuum Technologies, Snaptivity win the 2017 Nokia Open Innovation Challenge
November 29 2017 - 9:01AM
- Wearable nanotechnology for real-time health data and connected
media for fan engagement draw top honors from a diverse field of
IoT-focused pitches
- The Open Innovation Challenge called for ideas, technologies
and new business models to help enable a smart, safe and
sustainable world
29 November 2017
Espoo, Finland - Startups pioneering innovations in wearable
nanotechnology and connected media won top honors at the Nokia Open
Innovation Challenge. In partnership with NGP Capital, the
Challenge called for ideas, technologies and new business models
that will help enable a smart, safe and sustainable world.The
2017 Open Innovation Challenge solicited entrants focused on key
markets in the Internet of Things (IoT) domains of transportation,
safety & security, smart cities, connected industries and
health. The competition concluded with 10 finalists, selected from
a record entrant pool of more than 400, who pitched their ideas
during a two-day workshop in Helsinki, Finland.Continuum
Technologies of the U.K. received first prize for their concept of
graphene-based sensing nanotechnology embedded into fabrics.
Focusing on athletic performance enhancement as a use case,
Continuum aims to provide real-time monitoring of biometric and
biomechanical health data."Continuum promises to take athletes to
the next level by enabling actionable insights that improve
performance, speed recovery and prevent injury, and deliver
intelligent goal tracking," said Nokia Chief Strategy Officer
Kathrin Buvac. "This is exactly the type of human-centric
application of sensing and connectivity that we feel passionately
about accelerating into the IoT landscape."
The investor choice award presented by NGP Capital went to
Snaptivity, also from the U.K. Snaptivity offers a smart stadium
solution integrating IoT sensors and robotic cameras and
intelligent software to enable the capture of candid emotional
moments during live events, through which venues and brands can
engage fans. Snaptivity also received the audience choice
award."All companies were small at one time, but at the end of the
day, at NGP Capital we believe it is about the entrepreneurs
wanting to change the world," said NGP Managing Partner Bo Ilsoe.
"Witnessing the great teams, energy and innovativeness shown at the
Nokia Open Innovation Challenge is a testament to the vibrant
ecosystem forming around new wireless standards such as 5G."Winning
startups will have the opportunity to explore co-innovation and
joint business opportunities along with access to Nokia's global
market, technologies, products and resources, and potential
investment opportunities.
Rounding out the finalist group were:
Balcony: A SAAS platform that enables organizations to point at
a map and ask for real time information from people onsite.
Enigmedia: A cybersecurity company specializing in cryptography
and data transmission protection.
Health Gorilla: Aggregates medical and health data into a single
web-based and mobile access patient-centric repository.
LISNR: Aiming for a new standard for device connectivity using
sound.
NuCypher: Proxy re-encryption, a scalable form of public key
encryption that is well-suited for data sharing scenarios and
distributed systems (e.g. IoT).
OQ Technology: World's first universal plug & play IoT
device that can provide connectivity leveraging Low-Earth-Orbit
satellite infrastructure.
Savari: V2X analytics stack as well as V2X applications.
Toposens: The first 3D sensor based on ultrasound.
More information on the Open Innovation Challenge can be found
here.
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