Call for projects organizer
At the innogy Innovation Hub we are committed to drive gaming-changing ideas to evolve an innovation portfolio for innogy. Our purpose is to build, found or invest in new companies that have the potential of exponential growth in the future, with the innogy Innovation Hub as partner of choice. We focus on ‘Machine Economy’, ‘Urban Exponentials’, ‘Smart & Connected’, ‘Digital Disruptive’ and ‘Big Data’. In our innovation ecosystems in Silicon Valley, Tel Aviv, Berlin and London we are partnering with innovative start-ups to co-create new digital, platform-powered and data-driven business models.
Description
Creating the new ethical machine economyUp to 250k in investment for start-ups or a six-month innovators stipend for individuals: are you investigating opportunities or working on business models for the machine economy? Accept the IPRIZE challenge!
The innogy Innovation Hub is calling for entrepreneurs to lay a strong foundation for sustainable business in the machine economy. Blockchain, machine learning, self-organizing systems, and artificial intelligence are well underway to change our lives in every aspect. That's why we invite start-ups and innovators to build something great with us - on all stages of development. If you're an individual researching, exploring, testing ideas, you're invited to apply for one half-year, 2,000€ per month scholarships in our ecosystem in Berlin. If you're a start-up with market traction in the field, apply for seed investment of up to 250,000€.
At the innogy Innovation Hub, we believe three core categories will be radically affected by this rapid change: our global society, the way we do business and our changing culture characteristics. How will the relationship between humans and machines evolve as we move into the Machine Economy era? We want you to show us.
The IPRIZE caegories :
Society - Unemployment, safe zones and meaning of life
Experts predict that by 2025 robots and digital agents will displace a significant quantity of both blue-collar and white-collar workers. Even complex routines performed by skilled workers such as lawyers will be affected by robots, smart contracts and AI. Recent analysis by Frey and Osborne at Oxford suggests that autonomous robots could impact up to 50% of jobs, leaving only jobs that require complex problem solving or creativity. There will be huge implications for industries such as health, car manufacture, transport, logistics, customer service and home maintenance.
- What are the “safe zones” that require creativity, high level thinking and relationship building and are therefore less vulnerable to automation?
- What kind of new products will emerge?
- What are we going to do with our free time?
- What is the purpose of life if we stand idle?
We will award at least one applicant in this category who is developing solutions for the interaction of society and machines in the future. Your solution should be suitable for further development and commercial use.
Business - Zero margin economy, new business models and taxation
Exponential organizations that are better, faster and cheaper will ultimately lead to a zero-margin economy. Automation, self-optimizing machines and decentralized open-sourced technologies will make it increasingly hard to make money. This will reduce purchasing power and affect demand in the wider economy. There will be huge implications for taxation and business models of the future. Thought leaders are concerned that our existing economic and political structures – and especially taxation – no longer fit to a world that is decentralized, autonomous and machine-powered.
Example list
- Who will pay for all this new world, if there is a broad base of unemployed people?
- What are the machine-powered business models of the future?
- What will the currency of the future look like?
- What are the banks of the future? Do we need an energy bank for the machine economy?
We will award at least one applicant in this category who is developing solutions for the interaction of society and machines in the future. Your solution should be suitable for further development and commercial use.
Culture - Human co-existence with AIs
We will ask machines to learn to perform even more complex tasks, make decisions that we previously thought only humans could be trusted to make and start to provide advice and recommendations in higher risk areas. Clever technology make fewer mistakes than people. A super intelligent system may become more reliable than even the most intelligent information worker. But at some point it will make a mistake. Elon Musk has donated $10 million to the Future of Life Institute to “run a global research program aimed at keeping AI beneficial to humanity”.
- Which technologies will arise to enhance human capacities that we can live and work with AIs on an equal basis?
- How can we ensure that AI powered machines support human development and happiness? Will they remain peers or become resource-high jacking enemies?
- Who is liable when there are accidents and malfunctions?
- How well do current insurance products and policy wording cover these new exposures?
We will award at least one applicant in this category who is developing solutions for the interaction of society and machines in the future. Your solution should be suitable for further development and commercial use.
Rewards
(3) SEED INVESTMENT
$250 000 + Investments as a convertible loan(2) IDEA INCUBATION
$2 000 + Office space2,000€/month stipend
Monthly 1:1 mentoring
Timeline
Europe/Paris
Launch of the call for projects
Submission
Application Deadline
Jury
Finalists Selected
Results
IPRIZE Finale
No publication yet