The Valeo Innovation Challenge is a global contest open to engineering students around the world, who are invited to play an active role in automotive innovation by designing the product or system that will create smarter, more intuitive cars by 2030.
The winning team will take home €100,000 in prize money and the second and third-place teams will receive €10,000 each.
The 20 shortlisted teams have developed a working prototype of their project using the €5,000 in funding allocated to each of them by Valeo.
The participating teams come from all over the world and represent a total of 12 countries on four continents: China, Egypt, Germany, India, Malaysia, Poland, Russia, Spain, Turkey, the United Kingdom, the United States and Uzbekistan.
As part of the challenge, technology students from India are shortlisted for international €100,000 prize from Sri Aurobindo International Centre of Education.
The six finalist teams will be selected on Tuesday, September 1, 2015. They will be invited to present their projects to the jury at Paris. The top three teams will be announced on Tuesday, September 29, 2015.
Valeo devotes nearly 11 percent of its original equipment sales to innovation, which is a priority focus for the Group. Most of its research and development programs are focused on the design of technologies that reduce motor vehicle CO2 emissions and promote intuitive driving.
Ranking among the leading patent filers in France, the company has close to 11,000 researchers working in 50 research and development centers around the world. Valeo has developed a wide array of innovative products and technologies, which in 2014 represented 35% of its order intake.
Valeo was also awarded the Top Employers label in 22 countries for 2015. The company announced today the names of the 12 members of the 2015 Valeo Innovation Challenge jury, which will be chaired by Valeo CEO Jacques Aschenbroich.