Global Valeo Innovation Challenge to Make Cars more Intelligent and Intuitive
As of November 15, 2013, 91 teams of engineering students from 17 countries signed up for the contest and people from over 129 countries connected to the Valeo Innovation Challenge Web site.
On April 15, 2014, the 20 teams shortlisted by the Valeo experts will be named. Valeo will grant each team 5,000 euros to create a functioning prototype.
The three teams that submit the most innovative projects will be chosen on September 17, 2014 and will present their project to a jury chaired by Jacques Aschenbroich, Valeo Chief Executive Officer, and comprised of members of the Group’s senior management team, as well as eminent figures from the worlds of science and design. The jury will designate the winning team, which will receive €100,000, with the second and third-place teams each receiving €10,000.
In 2013, for the second consecutive year, Valeo was featured in Thomson Reuters’ Top 100 Global Innovators ranking, reflecting the Group’s commitment to innovation and R&D. Valeo was also named as one of the Top Employers Europe for 2013.
Most of Valeo’s research and development programs are focused on the design of technologies that reduce motor vehicle carbon emissions and promote intuitive driving. The company ranks among the leading patent filers in France and dedicates nearly 10 percent of its original-equipment revenue to innovation. With close to 9,000 researchers in 20 research centers and 35 development centers around the world, Valeo has developed an array of innovative products and technologies that represent more than 30 percent of orders. The Group plans to hire some 1,000 engineers and technicians a year over the next three years, including 400 in France.
Projects must be submitted to the contest’s dedicated Web site by February 14, 2014. Participants can sign up at the Valeo Innovation Challenge Web site. https://valeoinnovationchallenge.valeo.com/