Paris, January 15, 2014 – 300 teams from 40 countries and representing 254 universities have already signed up on the website dedicated to the global Valeo Innovation Challenge.Engineeringstudentsaroundtheworld have just one month left to take part in the global Valeo Innovation Challenge. Projects must be submitted by February 14, 2014 to try to win the first price of €100 000.
The goal of the Valeo Innovation Challenge is to design equipment that, between now and 2030, will make cars more intelligent and intuitive. Students taking part in the Challenge must develop bold, revolutionary solutions for the cars of the future.
On April 15, 2014, the 20 teams shortlisted by the Valeo experts will be named. Valeo will grant each team €5,000 to create a functioning prototype. The three teams that submit the most innovative projects will be chosen on September 17, 2014 to present their projects 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.
With the Innovation Challenge, Valeo is demonstrating once again that innovation and R&D are top priorities for the Group. Indeed, innovation guides the teams who are working each day to invent the automobiles of tomorrow.
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Valeois an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry, mainly for CO2 emissions reduction. Valeo ranks among the world's top automotive suppliers. The Group has 124 plants, 20 research centers, 36 development centers, 12 distribution platforms and employs 75,300 people in 29 countries worldwide. In 2012, Valeo generated revenue of €11.8 billion and invested €1 billion in research and development.
For more information about the Valeo Group and its businesses, please visit www.valeo.com.
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