It’s a competition aimed at producing solutions for the future of urban living and it could land innovators some big bucks.
Michigan-based nonprofit and tech accelerator NextEnergy is teaming up with a number of organizations to launch this year's "Next Challenge: Smart Cities" competition, according to a news release.
This is the second year of the global challenge.
It pushes innovators to dream up hardware and technology solutions for cities.The categories include smart parking, smart mobility, smart infrastructure and smart buildings.
People can submit their ideas by 11:59 p.m. on August 18. Semi finalists will be selected to create a full proposal in September with finalists invited to pitch ideas at the NextEnergy Center in Detroit in December.
Up to $80,000 in grant money from Wells Fargo is up for grabs for the winner. There’s additional money available for other finalists.
According to NextEnergy, last year’s winner is working on an app that optimizes energy use in buildings based on comfort level of employees.
NextEnergy's partners include DENSO, DTE Energy and Wells Fargo.