Capgemini, a French multinational corporation has announced the launch of its InnovatorsRace50, a worldwide competition for early-stage startups.The contest will allow startups to showcase the potential of their products, services, or innovative uses of their disruptive technologies.
Commenting on the launch, Lanny Cohen, Group Chief Technology Officer and Member of the Group Executive Committee at Capgemini said, “ Digital disruption is redefining all industries and innovation is its lifeblood. Navigating the startup scene is at the very heart of what we do for our clients. It’s a privilege to work with emerging entrepreneurs and witness some of the most advanced and radical thinking that is transforming businesses today.”
Under the competition, 50 startups will be selected across five categories (10 from each), followed by personal meetings with a panel of experts who will then nominate two finalists per category.
The contest categories include – govtech, social enterprises, fintech, mobility, consumers and well-being, digital processes, transformation, data, and security.
Further, in April and May 2017, the ten finalists – two per category – will get the opportunity to meet industry experts in five of Capgemini’s Applied Innovation Exchanges (AIEs). The five chosen locations are London, San Francisco, Munich, Mumbai, and Paris. The contest will offer five winning startups an opportunity to secure equity-free funding of $50K, extensive networking opportunities, participation in international tech events, access to industry experts, and the opportunity to become a Capgemini partner.
Entrants have until February 28, 2017 to take part in the global competition. Interested startups can apply here.