Cisco has announced that this year's Innovation Grand Challenge is set to take place at the Internet of Things World Forum (IoTWF) in Dubai from December 6 to 8 at the Dubai World Trade Centre.
This second edition of the Innovation Grand Challenge is a global competition aimed at promoting and accelerating the adoption of breakthrough technologies and products created by start-ups that will contribute to the growth and evolution of IoT in applications, analytics, management, security and connectivity.
According to Cisco, the IoTWF will bring together global thought leaders, vertical industry and academic professionals, government officials, as well as technology innovators, to discuss the growth and advantages of IoT in the region as it develops into a Smart City, as well as the greater global impact of IoT.
The IoTWF's Steering Committee stated that the event will focus on health, education, innovation, transportation, job creation and security. This ties in well with Singapore's own Smart Nation goals, with Singapore's Prime Minister Lee Hsien Loong recently stating that the government's top three priorities as a Smart Nation are to help the elderly, optimise transportation and to facilitate data sharing to unlock value and innovation.
Application submissions for this year's Innovation Grand Challenge are now open and will be accepted until September 4, 2015.
Winners of this competition will be awarded US$250,000 worth of prizes to help them further develop their start-ups. In addition, Cisco will provide winners with executive and expert mentoring and training, along with the opportunity to develop, test and pilot new technologies in Cisco's labs, plus potential investment and partnering opportunities in the future.
"In the past year, the industry has made significant progress in addressing key IoT technology challenges, use-cases and architectures," said Maciej Kranz, vice president, Cisco Corporate Technology Group. "Now more than ever we need to focus on accelerating innovations across the globe for a safer, sustainable, and more connected world. This is why we are very excited to bring back for the second time the Innovation Grand Challenge, and would like to strongly encourage innovators, researchers and entrepreneurs to submit their ideas and solutions."
Sign up for MIS Asia eNewsletters.