This year 1,412 students from around the world are participating in the Valeo Innovation Challenge, with large contingents from every continent. A total of 969 teams of engineering students from 55 countries representing 455 universities have submitted their projects, with the goal of winning the first prize of €100,000.
Some sixty Valeo employees and a number of independent scientists will review each of the submitted projects to select the 20 teams that will continue to the next stage of the contest. The 20 short-listed teams will be announced on April 15, 2014, and Valeo will grant each of them €5,000 to create a functioning prototype.
The six teams that submit the most innovative projects will be chosen on September 16, 2014. They will be invited to Paris 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.