The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. It acts as positive PR for a company or organisation as it demonstrates commitment and thought about a particular field.Siemens AG is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Presenting a challenge to the world and offering a reward raises awareness about an issue. In addition to uncovering solutions there are numerous other advantages to hosting open innovation competitions including: When the winners and most valuable contributors were asked about what attracted them to participate, the common answer was not the prestige of winning the award, but the chance of registering on Siemens’ radar, with a view to working for the company. This idea provided insights in comparing regulatory approaches and their implications on business models concerning smart grids.Īt the time of writing this article (April 2012) Phase Two Winners have not yet been selected.
Second Prize - “Smart Grids - comparison or regulatory approaches and their implications on business models" – by Christian Huder EIT ICT Labs, (Germany). In July 2011 the jury selected five winners and the three most valuable contributors, and three months later they travelled to Siemens offices in Berlin to exchange their ideas with the company’s management team and experts.įirst Prize - "Multy-Agent System for Operation of a Smart Grid" - "Autonomous Distributed Power System Restoration" – by Logenthiran Thillainathan, National University of Singapore, (Singapore). A total of 2080 members signed up to join the online community, 448 ideas were submitted which garnered 3639 detailed evaluations and 2197 comments. The competition was a popular draw among innovators and the stats are impressive. In addition to the community adjudication of ideas, a jury of energy experts including top Siemens executives ultimately selected the winners. Prizes were also awarded for the most helpful comments and evaluations.
SMART GRIDS SIEMENS FREE
Members of the open innovation community were free to comment and offer feedback which allowed participants to modify their concepts if they felt it necessary. In phase one, ideas were submitted to a user-friendly online platform. Siemens has a 1 million Euro budget for realising the best ideas. The second phase was a Call-for-Proposals to universities and the winner had to be willing to work on a research project in cooperation with Siemens or write a PhD dissertation. A prize purse of 15,000 Euros was on offer (approx $USD 21,000). The first phase was an open call to the public, inviting everyone with an interest in a smart energy future regardless of their experience (or lack of) in the energy sector. The contest was divided into two distinct phases. In particular, the contest wanted the crowd to come up with new game changing business models, applications for new customer benefits and disruptive technologies. Open to everyone, the underlying goals were to encourage and accelerate open innovation in this field and to boost the international Smart Grid community. To encourage more customer-orientated and sustainable concepts German technology giant Siemens hosted its Smart Grid Innovation Contest. But the power grids face a number of challenges, not least of which is an insufficient infrastructure. The Story: In 2005 the European Union adopted the Smart Grid concept to improve on energy efficiency and cut down on waste.
Siemens Smart Grid Innovation Contest Published May-21-12Ī global open innovation ideas search for smarter, flexible and more intelligent energy networks.
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