Valeo has launched the Valeo Innovation Challenge, a global contest open to engineering students around the world and firmly focused on the cars of tomorrow.

Valeo will be offering young engineers worldwide the opportunity to play an active part in automotive innovation by imagining products or systems that will make cars more intelligent and intuitive by 2030. Participating students will be asked to develop bold, revolutionary solutions for the communities of tomorrow’s society.

In teams of two to five members, the students will be required to present an innovative, game-changing project for the first round of the challenge. Then, 20 shortlisted teams will be asked to create a model in the format of their choice. Each team will be given €5,000 budget to put their idea into practice and build a functioning demonstrator. Three finalist teams will present their projects to the Challenge jury of Valeo experts and external partners, chaired by Valeo CEO Jacques Aschenbroich, at the 2014 Paris Motor Show. The winning team will take home a €100,000 prize.

Valeo say this Innovation Challenge again demonstrates the group’s commitment to R&D. Innovation and the reduction of CO2 emissions are two of Valeo’s main strategic growth paths and Valeo is strategically committed to acting as a global partner for automakers, capable of delivering widely affordable, innovative solutions.