I don't know about you, but many of the exhibits at Trondheim Maker Faire and talks at Trondheim Playground got me super excited about the potential in the world of the Internet of Things. In the Embedded Trondheim presentation, two of the speakers brought up a recent report from ICT research company Gartner:
"The hype is absolutely justified, and it’s backed up by the numbers. The world will see 25 billion Internet “connected things by 2020 – just a short five years away. We estimate that the IoT will produce close to $2 trillion of economic benefit globally. IoT will have a great impact on the economy by transforming many enterprises into digital businesses and facilitating new business models, improving efficiency and new forms of revenue."
Both speakers quoted Gartner's prediction that 50% of the leading IoT companies in 2018/19 don't yet exist. It's a remarkable and exciting statistic, especially for those of us living in such a tech-focused city as Trondheim.
If you've been inspired over the last week and have a great IoT idea, take a look at the Nordic IoT Challenge presented by Telenor Connexion. The winning submission will be awarded €25,000 and the entry requirements are wider than many similar competitions.
With the aim of encouraging as many people to get involved, there are no restrictions on submission topics. In fact, you don’t even have to know what the Internet of Things is! So if you have an idea or device that uses connected technology to improve the everyday lives of people, it's well worth submitting an entry.
"We are open for entries and innovative ideas using connected technology in different industry verticals and in business as well as consumer solutions. Your concept might fall under the category of Smart Cities, Health, Energy, Insurance, Transportation, Smart Homes, Industrial , or new categories not existing today. Ideas that disrupt and cross different categories are of extra interest!"
Some things you should consider including when submitting your proposal:
TRANSFORMATION - How will it change people’s lives, existing business models or business processes? What is the customer value?
UNIQUENESS - How new and different is it? Does anything like it already exist? If so, that’s fine, but what sets your idea apart?
SALES & DISTRIBUTION - Who are your customers and how can you reach them? What is your plan to go to market with your solution? What is the growth potential?
VIABILITY - How realistic is your concept? Is it feasible to produce and implement in a certain timeline or at a certain cost?
This contest is open to residents of the Nordic countries: Denmark, Iceland, Finland, Norway, and Sweden. There is no limit to the amount of people on your development team. Individuals, teams, and legal entities are all welcome to apply. The deadline for submissions is 25 September and the winners will be chosen by a panel of judges including Per Simonsen, CEO of Telenor Connexion, and Trond Are Bjørnvold, VP Business Development at Telenor Digital.
Best of luck!
Photo: Gareth Halfacree