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2016-10-26

NOKIA: Nokia announces Open Innovation Challenge 2016 winners

Press release

* 12 innovators from the United States, France, Taiwan, Germany, the
Netherlands and the United Kingdom awarded for their technologies that
address opportunities in the Internet of Things.
* Innovations address the Internet of Things domains of public safety,
connected automotive, industry 4.0, digital health, utilities, security and
smart cities.

October 26, 2016

Espoo, Finland - Start-ups with innovative products focusing on the connected
home, digital health and big data have taken the top three spots in Nokia's
2016 Open Innovation Challenge, beating a tough field of over 400 entries in
a competition which looks for the next big ideas in Internet of Things
domains including public safety, connected automotive, industry 4.0, digital
health, utilities, security and smart cities. The challenge was organized in
partnership with Nokia Growth Partners, which this year announced a USD 350
million fund for investments in IoT companies.

Nokia received several hundred submissions from around the world and after an
intensive evaluation period, the finalists were selected. The 12 finalists
were invited to Nokia's site at Paris-Saclay for a two-day workshop with
Nokia mentors, followed by the pitching and award ceremony on October 21.

The first prize was awarded to CUJO for their firewall for the connected home,
designed to bring business-level security to the home network. The second
prize and investors' choice prize were awarded to iSono Health, who empower
people to take charge of their health with early breast cancer detection. The
third prize was awarded to Mobagel for their Decanter(TM) Big Data AI engine
which automatically chooses the optimal machine learning model and provides
the right actionable insights for marketers and executives. A full list of
the finalists is available below.

"The Nokia Open Innovation Challenge is all about meeting innovators and
thinking about how we can develop future Internet of Things uses cases
together, simplifying people's lives, making industries more efficient and
creating new business opportunities for operators and enterprises. I was
extremely impressed with the high quality of our finalists, and would like to
thank everyone who participated. Congratulations to the winners!" said
Stephen Litjens, Vice President of Nokia Innovation Steering.

"For any company in the IoT space, a partnership with a large technology
innovator like Nokia can make a significant difference. With more than 400
companies submitting their ideas, we are delighted to support this unique
initiative fostering innovation and creating a unique opportunity for
companies in the IoT space," said Bo Ilsoe, Managing Partner of Nokia Growth
Partners.

The three winners will be able to join Nokia's Innovation Accelerator Program
to incubate their ideas within Nokia, access Nokia's global market and
network with investors. In addition, the three winners will share incubation
prize money of up to 100,000 euros. Nokia will also consider go-to-market
opportunities with the other finalists.

The first prize was awarded to:

CUJO@cujounited

With their main office in Los Angeles, CUJO is a firewall for the connected
home, designed to bring business-level security to the home network. With
billions of connected devices, our lives are increasingly exposed to virtual
threats. Traditional security solutions are outdated with cybercriminals
creating new ways to reach into your home every day. CUJO works on a device
that will allow users to experience a connected life without compromise.

The second prize and investors choice was awarded to:

iSono Health@isonohealth

iSono believes in empowering people to take charge of their health with early
breast cancer detection. Unlike once-a-year screenings, its personalized
solution enables you to conveniently and regularly track any changes over
time. We empower people with potentially life-saving data and actionable
feedback.

The third prize was awarded to:

Mobagel@Mobagel

MoBagel's Decanter(TM) Big Data AI engine automatically chooses the optimal
machine learning model and provides the right actionable insights for
marketers and executives. On 500 Startups' Demo Day in August 2015, MoBagel
showcased the newly revised IoT analytics solution that uses real-time
reporting and predictive analytics to help hardware manufacturers save
millions in R&D and operational costs per year.

The other finalists are:

Baimos Technologies@BlueID_en

BlueID is a software technology which enables objects to securely connect and
interact with users' smart phones and smart watches. It created BlueID
because of the importance of security, especially nowadays, when there is an
increasing need for a fast and secure connection between smart devices and
objects in the world of IoT. As most of those smart devices can be only
controlled by their owners, traditional IT security solutions don't apply
anymore.

Craft ai@craft_ai

Craft ai believes gathering, broadcasting and visualizing data will never be
enough to fulfill the promise of smarter services. People are already
overwhelmed and getting more dashboards and notifications won't help making
our life better. Craft ai believes Artificial Intelligence can be leveraged
to create relevant pieces of information and automate tedious tasks.

Dukorp Corp: Multimer@dukode

DuKorp operates at the intersection of smart cities and quantified self. It
develops Multimer, a location analytics system that integrates biosensor data
into existing geographic insights. DuKorp's first product, MindRider, is a
low-cost brainwave sensor that integrates with Multimer and was originally
developed at MIT.

Flock@flyflock

Big-Data driven risk analysis for drones. Flock's artificial intelligence
platform uses Big Data to make drones safer and smarter in urban
environments. Its algorithm visualises real-time population density and
traffic conditions.

iXensor@iXensor

Headquartered in Taiwan, iXensor develops, manufactures and markets an
integrated self-monitor blood glucose medical device and diabetes management
service. The company was established by three STB fellows (Stanford-Taiwan
Biomedical Fellowship program).

Minut@minuthq

Minut develops the first camera-free home monitor to allow you to watch over
your home without complex systems or intrusive cameras. The point can detect
smoke, loud noises and monitors the indoor environment.

Smart Me Up@smart_me_up

Smart Me Up is one of the most advanced face and multi-object detection
embedded software solutions in the world. It has been optimized to run on low
cost processors to go further than the traditional compromise between
precision and speed. Main applications are in automotive, security and smart
home.

Tymlez@tymlezbv

Tymlez delivers blockchain based enterprise solutions. Its smart enterprise
blockchain platform enables business owners to easily adopt disruptive
technologies in their existing environment or use the software to become a
disrupter themselves.

Yodiwo@yodiwo_iot

Yodiwo introduces a Fog Centric IoT Platform paving the way to an unthinkable
set of new applications that address complex business challenges and personal
needs. Yodiwo created a technology for cloud managed, intelligent IoT
gateways which unify disparate industrial and home automation systems.

Resources

Web Page

About Nokia

Nokia is a global leader in the technologies that connect people and things.
Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the
company is at the forefront of creating and licensing the technologies that
are increasingly at the heart of our connected lives.

With state-of-the-art software, hardware and services for any type of network,
Nokia is uniquely positioned to help communication service providers,
governments, and large enterprises deliver on the promise of 5G, the Cloud
and the Internet of Things.http://nokia.com

Media Enquiries:

Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOKIA via Globenewswire

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