Nokia Networks launches its third consecutive Open Innovation Challenge in Espoo, Finland and the focus of this year’s challenge is on the Internet of Things (IoT) domain. Nokia invites innovative ideas, technologies, or business models addressing opportunities in the IoT domain.

Nokia Networks launches its third consecutive Open Innovation Challenge in Espoo, Finland and the focus of this year’s challenge is on the Internet of Things (IoT) domain. Nokia invites innovative ideas, technologies, or business models addressing opportunities in the IoT domain. This year Nokia offers the brightest innovators an opportunity to collaborate with the company on game-changing ideas to shape the future of the IoT industry.

Nokia’s vision is to expand the human possibilities of technology to improve people’s lives and help them thrive by enabling a programmable world where billions of people, things, sensors and devices are connected. As such, the company anticipates exciting use cases to arise within various verticals, including health, security, automotive, public safety, industrial Internet and smart cities.

Through this challenge, ideas will be assessed and the winners will get a chance to leverage Nokia’s global market reach and connectivity expertise. Others may be selected by Nokia Growth Partners (NGP), Nokia’s investment arm and co-sponsor of the challenge, which is actively investing in promising IoT companies.