Nokia Open Innovation Challenge 2018: A $100k Opportunity for African IoT Startups
The Nokia Open Innovation Challenge (NOIC) 2018 is now accepting applications, presenting a significant opportunity for tech startups, particularly those in the African Industrial Internet of Things (IoT) space. This year’s challenge, organized by Nokia in collaboration with NGP Capital, aims to identify and support innovative startups developing novel products and solutions within the Industrial IoT sector. The competition offers a chance for African startups to gain valuable exposure, potential funding, and collaborative opportunities with a global technology leader.
Unlock Innovation in the Industrial IoT
The NOIC, now in its sixth year, focuses on identifying cutting-edge companies worldwide with groundbreaking ideas for technology and business models poised to reshape the world. Startups are invited to submit their ideas, with the potential to collaborate with Nokia Bell Labs researchers and mentors. This partnership is designed to enhance or facilitate the initial commercial implementation of their product. The challenge provides a platform for African startups to gain access to Nokia’s resources and expertise, potentially accelerating their growth and market entry. Marcus Weldon, President of Nokia Bell Labs and Chief Technology Officer of Nokia, emphasizes their excitement about the challenge.
The NOIC 2018 is a compelling opportunity for African tech entrepreneurs looking to scale their Industrial IoT ventures. Startups that participate can access significant support, including potential funding, mentorship, and the chance to commercialize their product with the backing of Nokia. With the chance to win up to $100,000, African startups have a compelling incentive to apply and showcase their innovative capabilities on a global stage.
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