2018 Nokia Open Innovation Challenge Winner
Congratulations to Montreal-based start-up SPARK Microsystems which has won the Nokia Open Innovation Challenge 2018 for its innovative low-power wireless transceiver.
The company picked up a check for $100,000 and will be given access to Nokia and Nokia Bell Labs resources to help it further develop the technology.
More than 300 start-up companies from the around the world submitted entries to the open innovation challenge which this year sought products and solutions for industrial automation and industrial Internet of Things.
Participants went through two assessment rounds, with six finalists invited to pitch and demonstrate their ideas to a jury at the headquarters of Nokia Bell Labs in Murray Hill, New Jersey.
Next Industrial Revolution
Marcus Weldon, President of Nokia Bell Labs and CTO of Nokia, said, "This year's NOIC brought together many innovative start-ups with impressive products, technologies and solutions that will shape the world of industrial automation. While competition was tight, SPARK Microsystems was selected as the winner for its low power wireless transceiver chipset that has the potential to help 'spark' the next industrial revolution."
The winning company claims its technology has a number of advantages, including:
- Longer battery life (or longer time between charges)
- More frequent data transfer (less latency)
- Energy efficiency data streaming
- The powering of wireless devices using energy harvesting
- Allows for instantaneous and high fidelity short-range wireless communications
For more information about the winning innovation click here.
If you're interested in taking part in innovation competitions take a look at IdeaConnection's list of live innovation challenges from around the world.
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