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.
ESPOO, Finland, Oct. 26, 2016 (GLOBE NEWSWIRE)
-- 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.
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