World News: 03:46 GMT Friday 7th December 2018. [Nokia Oyj via Globe Newswire via SPi World News]
6 December 2018
AOMS Technologies and Razor Secure were tied for second place and will split a $75,000 prize, with each startup also given the opportunity to work with Nokia and Nokia Bell Labs to investigate how their solutions can integrate with, and enable, the Future X network.
SPARK Microsystems, based in Montreal, came out on top of more than 300 start-up companies from the around the world that submitted entries to NOIC. This year's competition was launched in July and focused on products and solutions for the industrial automation and industrial Internet of Things.
The entrants went through two assessment rounds, with 6 finalists invited to pitch and demonstrate their ideas to an international selection jury at an event held today at the iconic headquarters of Nokia Bell Labs in Murray Hill, N.J. The selection jury was led by Weldon and was comprised of leaders from across Nokia, Nokia Bell Labs and NGP Capital.
The three other competition finalists that participated in today's event included INVOLI, NKN, and XXII, with novel approaches to drone air traffic information systems, a novel internet overlay network, and xR and video analytics solutions for industrials, respectively.
This year's winners will join a growing list of companies with access to Nokia's resources to help grow their businesses. Last year's winners included smart clothing developer Continuum Technologies as well as Snaptivity, which enhances live sport fan experiences through AI-powered robotic cameras.
Globe Newswire: 03:46 GMT Friday 7th December 2018
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