Innovation / Products & Technology | 16 Dec, 2015
| 5 min
- #ValeoInnovationChallenge
2016 Valeo Innovation Challenge: an extra 15 days to participate! Registration ends January 31
Paris, December 16, 2015 – Valeo is giving students an additional 15 days to register for the Valeo Innovation Challenge. Participants have until noon, Paris time on January 31, 2016 to submit their application.
After receiving numerous requests from pre-registered participants to extend the registration deadline, Valeo is extending it by 15 days. Students worldwide can submit their application in one of two categories: “technological innovation” or “idea for new ways of using cars”.
The winning team from each category will take home a grand prize of €100,000 and the second-place team in each category will receive €10,000.
To participate, students need to form a team of two to five people, write up the first draft of their project and register on the contest’s dedicated website by January 31, 2016, noon, Paris time, at the latest.
Students worldwide can learn more and register for the contest via three applications:
Timetable
- September 29, 2015 – January 31, 2016
Teams formed and projects submitted
- March 18, 2016
24 semi-finalist teams announced
- March 18, 2016 – July 23, 2016
Teams each given €5,000 to develop their project
- September 23, 2016
Eight finalist teams announced
- October 2016
Projects presented to the panel and winners announced
With the Valeo Innovation Challenge, Valeo is demonstrating once again that innovation and R&D are the Group’s top priorities. Day in, day out, its teams are guided by a constant commitment to innovation as they work to invent the car of tomorrow.
Valeo invests 10% of its original equipment sales on R&D. 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. Ranking among the leading patent filers in France, Valeo has close to 11,000 researchers in 50 research and development centers around the world. Valeo has developed a wide array of innovative products and technologies that represented 35% of its order intake in 2014.
Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO? emissions and to the development of intuitive driving.
In 2014, the Group generated sales of 12.7 billion euros and invested over 10% of its original equipment sales in research and development. Valeo has 133 plants, 16 research centers, 34 development centers, 15 distribution platforms and employs 78,500 people in 29 countries worldwide.
Valeo is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
For more information about the Valeo Group and its activities, please visit our website www.valeo.com
For more information, please contact:
Valeo Media Relations
Tel.: +33 (0)1 40 55 21 75/37 18
press-contact.mailbox@valeo.com
