NTT DATA Selects Social Coin as Winner of Open Innovation Business Contest
NTT DATA, a global IT service provider, announced today that it selected Barcelona-based Social Coin as the winner of the Open Innovation Business Contest 5.0 during the contest’s Grand Finale at NTT DATA headquarters in Toyosu, Tokyo on March 15. The winning proposal is for a Civic Engagement Platform based on deep learning that helps citizens solve civic issues through a blockchain system. Social Coin will receive a three-month in-kind contribution from NTT DATA to support development of a concrete plan for its proposed venture business.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170316005057/en/
Grand Finale winner of the Open Innovation Business Contest (Photo: Business Wire)
The global competition organized by NTT DATA invited high-tech companies worldwide to submit information-technology (IT) proposals for promising solutions to issues in global society. The judging panel included NTT DATA personnel and outside experts.
Social Coin offers a platform for leveraging open data and machine learning tools to promote civic participation. The platform uses artificial intelligence to identify problems that citizens and governments can solve through collaboration to promote local economies. The solution, selected for best matching the contest’s theme of collaborative innovation for previously unimagined solutions, enables value-creation by public institutions, private-sector companies and individual citizens, all potential customers of NTT DATA. It is highly expected the solution will become new public infrastructure for the betterment of society.
NTT DATA received more than 200 applications from some 20 countries between October and December last year. Regional contests were held in 10 cities of nine countries spread across four continents — Tokyo, San Francisco, Toronto, Sao Paulo, London, Madrid, Barcelona, Tel Aviv, Singapore and Beijing — between February 2 and March 2. The entrants presented venture proposals covering fields including fintech, IoT, energy, insurance tech, big data, digital marketing, blockchain, API, personal data, AI, cyber security, virtual/augmented reality and robotics. Ten entrants were selected as the winners of the regional contests to present their proposals during the just-completed Grand Finale in Tokyo.
In addition to the winning prize, an Audience Award was presented to Soundpays Inc. (Toronto) and Judges Awards were presented to PayKey (Tel Aviv) and Everledger (London) by NTT DATA representatives on the judging panel.
Mr. Ivan Caballero, CEO of Social Coin, said, “I look forward to collaborating with NTT DATA on product and business development and deploying our citizen engagement platform internationally. I believe that Social Coin offers innovative technologies to enable citizen rewarding and boost personal, corporate and government impact on society.”
Kotaro Zamma, Head of NTT DATA’s Open Innovation and Business Incubation, said, “This year’s contest was especially successful in creating opportunities for NTT DATA to come into contact with more than 200 innovative startup companies, as well as form deeper relationships with accelerators operating as regional partners in innovation hubs worldwide. Today’s Grand Finale is the real starting point, so we now look forward to collaborating with Social Coin to co-create an innovative new business.”
Each regional contest was organized in collaboration with a regional partner — NTT DATA UK Innovate Finance (UK), everis (Spain/Brazil), MaRS Discovery District (Canada), Institute of Software, Chinese Academy of Sciences (China) , NTT DATA Inc./ Pilot 44 Labs (U.S.), Deloitte Israel (Israel) and Startupbootcamp/Asian Payment Network (Singapore).
Going forward, NTT DATA plans to hold two Open Innovation Business Contests each year, one of which will solicit applications worldwide to help accelerate global innovation. NTT DATA is confident that its Open Innovation Business Contests are winning propositions for startup companies, NTT DATA and client companies of NTT DATA, as well as global society.
By 2020, NTT DATA aims to achieve cumulative revenue in excess of 10 billion yen (about 100 million USD) from its Open Innovation and Business Incubation Business Strategy Department, including venture businesses launched as a result of Open Innovation Business Contests. The department has been organizing annual contests since 2013, in addition to collaborating with internal accelerator working groups in pursuit of new business creation.
To view the contestants’ details, please visit http://oi.nttdata.com/en/contest/result.
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 varying from consulting and systems development to outsourcing. For more information, visit www.nttdata.com
All products, corporations and organization names are registered trademarks or corporate trademarks.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170316005057/en/
Contact information
Media inquiries
Weber Shandwick (for
NTT DATA Corporation)
(Ms.) Ayumi Matsubara, +81-90-9006-5841
nttdata@webershandwick.com
About Business Wire
Business Wire(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
H.I.G. Capital Announces the Sale of DGS S.p.A.11.6.2024 12:00:00 CEST | Press release
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $62 billion of capital under management, is pleased to announce that an affiliate has signed a definitive agreement to sell its portfolio company, DGS S.p.A. (“DGS” or the “Group”), a leading firm in the Italian Information Technology market, to DGS Co-Founders and management team in partnership with ICG, a global alternative asset manager. Since its inception in 1997, DGShas supported blue-chip customers in the design, integration, and maintenance of complex IT systems, with a specialization in digital transformation and cybersecurity services. The Group currently has over 1,900 employees, revenues of approximately €300 million, and maintains a group of highly loyal clientele. During H.I.G.’s ownership, DGS has tripled in size and consolidated its position as a leading Italian firm in cybersecurity services and digital transformation. DGS offers its clients sophisticated and proprietary digital transformation
Evertas Names Nick Selby Head of European Underwriting11.6.2024 12:00:00 CEST | Press release
Evertas, the world’s first crypto insurance company, has named Nick Selby as its new Head of European Underwriting. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611141887/en/ Nick Selby, Executive Vice President and Head of European Underwriting at Evertas (Photo: Business Wire) Selby, an accomplished information and physical security professional, brings two decades of expertise in public and private sector information security, physical security, and complex incident handling, as well as seven years of experience leading teams securing billions of dollars in cryptoassets. Previously, his roles included VP of the Software Assurance Practice at Trail of Bits, Chief Security Officer at Paxos Trust Company, and Director of Cyber Intelligence and Investigations at the NYPD Intelligence Bureau. “Nick is an extremely valuable addition to our European team,” said Evertas CEO and Co-Founder J. Gdanski. “His public and private
Owlet utvider globalt fotavtrykk med lanseringen av medisinsk-sertifisert Dream Sock™ i Storbritannia og over hele Europa11.6.2024 11:00:00 CEST | Pressemelding
Owlet, Inc. («Owlet» or the «Company») (NYSE:OWLT), pioneren innen smart spedbarnsovervåking, kunngjør i dag den britiske og europeiske lanseringen av Dream Sock. Dette er en smart babymonitor med levende helseavlesninger og varsler for friske spedbarn mellom 0-18 måneder og 2,5-13,6 kg. Dette innovative medisinske utstyret gir foreldre helse og viktig informasjon i sanntid, noe som gir uovertruffen trygghet. Denne pressemeldingen inneholder multimedia. Se hele pressemeldingen her: https://www.businesswire.com/news/home/20240611820341/no/ (Photo: Business Wire) «Vi er svært stolte over å lansere Dream Sock til omsorgspersoner over hele Storbritannia og Europa og gi millioner av foreldre mer trygghet mens babyen sover,» sa Kurt Workman, Owlets administrerende direktør og medgründer. «Dream Sock er nå et globalt produkt som er anerkjent som medisinsk nøyaktig og trygt, etter å ha gjennomgått regulatoriske autorisasjoner og sertifiseringer innenfor flere geografier. I dag er misjonen vår
V-Nova Surpasses 1000 Patent Milestone in Media Technology Innovation11.6.2024 10:00:00 CEST | Press release
V-Nova, a leading provider of data compression solutions, video compression technology, XR technology, AI acceleration and parallel processing for a multitude of industries including media and entertainment, today announced its milestone achievement of 1000 active technology patents. This accomplishment underscores V-Nova’s dedication to research and development and its commitment to protecting its intellectual property globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611724561/en/ V-Nova’s patent portfolio spans more than 50 different jurisdictions. Including over 400 patents in Europe, over 200 in the Americas, over 100 in the United States specifically, and over 200 in Asia. V-Nova forged new directions in data processing to enhance digital experiences, maximize efficiency, reduce costs, and increase sustainability. The company leads the way with key international data compression standards for the video indust
Alipay+ Reveals Top Scorer Trophy Design for UEFA EURO 2024™11.6.2024 09:24:00 CEST | Press release
Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International and an Official Partner of UEFA EURO 2024™, today revealed the trophy that will be awarded to the most prolific marksman at the UEFA EURO 2024™ finale on July 14 in Berlin, Germany. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610328619/en/ The UEFA Top Scorer Trophy presented by Alipay+ is unveiled for UEFA EURO 2024™ (Photo: Business Wire) Sculpted in the shape of the Chinese character “支” (pronounced zhi, and meaning payment as well as support), the trophy reflects Alipay+’s dedication to supporting consumers to enjoy seamless payment and a broad choice of deals using their preferred payment methods while traveling abroad. The character also resembles the fleeting moment of a barefooted striker poised to shoot, evoking the original beauty and power of football – a game that united people across the wo