Competition for Innovators Seeks Business Ideas for the ‘Internet of Things’
That interconnected environment has been called the ‘Internet of things’ or ‘Internet of objects’ and is described as a self-configuring wireless network of sensors that allows objects to collaborate with one another, performing actions on behalf of people. Examples include vehicles that communicate wireless with each other to prevent crashing into each other, and medicine cabinets fitted with RFID readers and sensors that help patients better manage their medications.
The MGIM Innovation Contest 2011 aims to identify young talent interested in innovation, according to the project’s corporate sponsor, Gemalto. The global digital security firm, headquartered in Amsterdam, has partnered with two graduate business schools, one in France and one in the United States, to present this competition.
The two business schools jointly offer the Master of Global Innovation Management (MGIM), a dual degree program that provides technically and scientifically oriented individuals with bachelor’s degrees the business and innovation management skills needed to gain competitive advantage in the international job market. The MGIM program is offered by the Jenkins Graduate School of Management in North Carolina State University’s Poole College of Management in Raleigh, N.C., U.S.A., and the Institut d’Administration des Entreprises at the Université Paul Cézanne in Aix en Provence, France.
Competition Deliverables
Contestants are asked to submit written description, maximum of 2000 words, of a scenario based on what each thinks will be the ‘killer’ usage of the ‘internet of things’ in the world of tomorrow, considering the following:
- The most significant application of the internet of things
- The usage situation
- The objects
- The interactions with objects
- The functionalities
- The players – including all actors involved and their roles
- The benefits for the end users.
Entries will be judged based on creativity, pragmatism, creation of value for global end-users, clarity of concept and business-oriented approach.
All entries must be in English and submitted as a PDF document. Entries will be accepted until March 14, 2011.
The complete list of rules and entry form are available online.
