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An Innovation Contest employs integrated marketing and PR elements to signal to the global innovation community that the sponsoring company is committed to advancing their technology solutions and is open to collaboration.
Participants in NextChallenge: Smart Cities vie for a grant and/or funding to execute a demonstration that will showcase a smart city solution addressing an urban challenge. One winner will be awarded up to $80,000 to demonstrate and validate their solution in 2017 at NextEnergy Center in Detroit, or applicable site that meets the needs of the selected solution. Terms of the award will be executed via a Statement of Work between NextEnergy and Winner. Up to four additional grants with a combined total of $20,000 will be awarded to finalist(s). From this selected pool of winner and finalist(s), the challenge intends to award at least 1 small business, but may elect not to if responsive proposals are not received by any qualifying small businesses.