NTT DATA Corporation (NTT DATA) is now accepting applications for its 7th Open Innovation Contest through the contest's official website. Regional contests will be held at 15 locations – San Francisco, Tokyo, Melbourne, Toronto, Santiago, Sao Paulo, London, Madrid, Barcelona, Lisbon, Milan, Tel Aviv, Mumbai, Singapore and Guiyang. The winners will be invited to the Grand Finale in Tokyo in March 2018. The Grand Finale winner will receive a three month, in-kind contribution to support the development of the proposed new business.
NTT DATA has been hosting open innovation contests twice a year since 2014. The last global contest hosted regional semifinals in nine countries to further emphasize the global aspect of the event, and received more than 400 proposals from across the world. The Grand Finale winner, Barcelona-based Social Coin, has already undergone intensive business development. In addition to the Grand Finale winner, NTT DATA is engaging with six other finalists to discuss potentials for co-creating innovative businesses.
As a result of last year’s success, NTT DATA expanded this contest to 15 cities. Any startup company can submit a proposal in fields such as FinTech, InsurTech, HealthcareTech, Financial Inclusion, RegTech, IoT, digital marketing, Blockchain, virtual currency, API, personal data, AI, drone, digital archive, BPM, energy or quantum computing.
"The last contest was a really strong engine to meet 10 unparalleled startups from across the world and begin helping seven of them with business development," said Kotaro Zamma, Head of Open Innovation and Business Incubation at NTT DATA. "We look forward to continuing this project and expanding to 15 cities to provide more edge-cutting technologies and startups an opportunity to speed up business development in hopes of surpassing 10 billion JPY (approximately $100 million USD) in annual business by 2020."
For more information and how to apply, please visit: Open Innovation Contest 7.0.
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About NTT DATA
NTT DATA (TOKYO: 9613) is a leading IT services provider and global innovation partner headquartered in Tokyo, with business operations in over 50 countries. Its emphasis is on long-term commitments, combining global reach with local intimacy to provide premier professional services unlike consulting or systems development outsourcing. For more information, visit www.nttdata.com.
About NTT DATA Services
NTT DATA Services partners with clients to navigate and simplify the modern complexities of business and technology, delivering the insights, solutions and outcomes that matter most. We deliver tangible business results by combining deep industry expertise with applied innovations in digital, cloud and automation across a comprehensive portfolio of consulting, application, infrastructure and business process outsourcing services.
NTT DATA Services, headquartered in Plano, Texas, is a division of NTT DATA Corporation, a top 10 global business and IT services provider with 100,000+ professionals in more than 50 countries, and NTT Group, a partner to 85 percent of the Fortune 100.