Indian team selected for Valeo Innovation Challenge

Indian team selected for Valeo Innovation Challenge
Written by Parichay Malvankar

Valeo today announced the six teams selected to present their projects to the “Valeo Innovation Challenge” jury, with the chance of winning the first prize in Paris on September 29.

For this second edition, 1,324 teams from 89 different countries signed up to propose and develop innovative solutions in response to the following question: “What will make cars smarter and more intuitive by 2030?”

The six finalist teams are:

  • From Germany, the team from the Leibniz Universität Hannover
  • Also from Germany, the team from the Universität des Saarlandes
  • From China, two teams from Peking University
  • From Spain, the team from the University of the Basque Country
  • From India, the team from the Sri Aurobindo International Centre of Education

The jury will award the first prize to one of the six finalist teams, which will take home a €100,000 prize, as well as two other prizes of €10,000 each for the runners up.

Valeo dedicates nearly 11% of its original equipment revenue to innovation, which is a priority focus for the Group. 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 an array of innovative products and technologies that represented 35% of its order intake in 2014.