Innovation Challenge for Green Digital

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Innovation Challenge for Green Digital | Startup Challenge

If your startup has an innovative solution for green digital, we want to hear from you!

GLOBAL

POC

2024-11-26

HITACHI

Artificial Intelligence

Data and Analytics

Information Technology

Software

Energy

Sustainability

#AI
# Digital
# Software
# Monitoring

DETAIL

Description

Create a better future for the next generations through Digital Circular Economy!

Following Hitachi’s mission of social innovation and green ease, Hitachi has launched the Innovation Challenge for Green Digital to ensure that the planet we pass on to the next generation will be a better place than the one we found!

If your company has a business solution to help tackle the problem below, we would like to hear from you. No matter where you are from, join this contest for the chance to develop a business partnership with Hitachi, a global group!

Venue

Online

Qualification

Selection Criteria

The projects will be assessed following the criteria below:

Value of the addressed issues:

Is there a real need in the market to address this issue? How many people are impacted by it?

Potential to create a strong customer base:

How big is the market you are targeting? Who (companies/individuals) make up the target segment?

Innovativeness of the technology and business model:

How innovative is the technology used and the business model? How are they different from others?

Feasibility:

How feasible is the solution to put into practice? Does the solution make sense financially? Will the solution be sustainable over the long term?

Impact:

What is the scale of potential social impact? How broad is the impact? How many people will your solution reach? How significant is the impact?

Synergy with Hitachi (Mentoring phase only):

To what extent is your solution in line with Hitachi’s values of social innovation?

Benefit
1. Pitch to Hitachi execs 2. Collaboration with Hitachi 3. Connect to Hitachi Business Units 4. PoC Discussion

Process

Application Phase

September 27, 2024 [18:00 GMT+9] - November 26, 2024 [23:59 GMT+9]

Register on the platform and submit a presentation of about 10 slides in English (PPT or PDF format), addressing the following:

* Issue addressed by your project and value of the solution

* Overview of the project and technology used

* Addressed market (target area, market size)

* Business model

* Obstacles to implementation and required resources

* Nice to have: ecosystem and stakeholders involved in the project

Up to 30 startups will be selected for the next round and mentored by Hitachi professionals. The results will be announced on December 13, 2024.

Mentoring Phase

December 13 to January 24, 2025

The selected participants will be mentored by Hitachi professionals to improve their innovative solution. For the second voting phase, startups will be asked to submit a presentation of about 20 slides in English (PPT or PDF format). The submission should follow the same structure as the one for the application phase but go into more technical depth. It should also reflect the improvements and feedback provided during the mentoring phase.

Up to 20 startups will be selected to pitch their solution in the Final Event. The results will be announced in first half of March (exact date to be announced).

Final Event

End of Feb 2025 (exact date will be announced)

The finalists will pitch their solution online in front of top executives from Hitachi.

They will be given 5min to pitch their project, followed by 10min of Q&A with the judges.

ABOUT HOST

Host information

Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" - supporting our customers' digital transformation; "Green Energy & Mobility" - contributing to a decarbonized society through energy and railway systems, and "Connective Industries" - connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company's consolidated revenues for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide.