50K€ Innovation Challenge
Join our Innovation Journey
Under the Auspices of the
Chief Scientist for Research & Innovation of Cyprus
Welcome to the SignalGeneriX Innovation Challenge!
Are you passionate about building a technology company? Do you have a disruptive mindset to create an innovative solution in the fields of Internet of Things, Artificial Intelligence, Big Data Analytics, eHealth, Cybersecurity and Security & Defense?
At SignalGeneriX we celebrating our 15th anniversary by launching the ‘SignalGeneriX Innovation Challenge’. The aim of the challenge is to support new and aspiring entrepreneurs, working either as individuals or as teams, in further developing their ideas and commercializing their products / services with the support of SignalGeneriX.
The Challenge is under the Auspices of the Chief Scientist for Research and Innovation of Cyprus and is powered by MAP Innovation.
SignalGeneriX Ltd is a Cyprus-based technology company doing cutting edge Research and Development in the fields of Signal Processing and Wireless Communications.
SignalGeneriX is creatively using its expertise in Digital Signal Processing and Communications to develop state-of-the-art solutions and to add value to its clients' products and processes through the development of strong Intellectual Property. The company's highly competent team of researchers and engineers is working closely with the clients to turn great ideas into innovative electronic products. SignalGeneriX has established a solid reputation for providing breakthrough thinking and innovative solutions and is proud that its client and collaborator network include some of the world's top industrial players and academic institutions.
WHAT WE ARE LOOKING FOR
We are looking for the most advanced projects working at the edge of the following technologies. Applicants must be able to prove that their ideas have been developed at a Technology Readiness Level 3 or 4 and will be expected present a prototype/demo/proof-of-concept of their solutions if shortlisted.
Internet of Things
Big Data Analytics
Security & Defense
WHAT WE OFFER
SignalGeneriX will provide 50K euro worth of incubation services, product development services, cash and goods in order to assist the winning team to convert their innovative idea to a great electronic product. The following investment will be provided, for up to 30% equity in the new start-up:
All legal costs for new company formation
12 months hosting at the SignalGeneriX Innovation Hub in Limassol
Full access and usage of the company’s state-of-the-art facilities such as the R&D and Rapid Prototyping infrastructure
Full cost of materials, components and goods needed for product prototyping
Unlimited usage of SignalGeneriX hardware and software development resources
Mentoring and coaching by internationally acknowledged professionals
The below product design, manufacturing and business development services
Functional and Technical specification definition
Product design and development
Prototype product manufacturing including all costs
Technical mentoring for product development
Demonstrator Development and piloting
Product Testing and Field Validation
Business partnership for commercial growth
Direct access to SignalGeneriX partner and client network
Support for securing additional funds from private and public sources
15 June 2020
Launch of Innovation Challenge. Applications are submitted through f6s.
15 July 2020
The info day will be held online and will cover the main elements of the competition, expectations of the organizers and asnwer questions by the audience.
15 Sept. 2020
The submission of applications is set for 15 September 2020.
24 Sept. 2020
COMMUNICATION OF RESULTS OF STAGE 1
The annoncement of reuslts of the first round of evaluations will be announced to the applicants. Shortlisted applicants will be invited to a workshop, in order to prepare for the final selection phase.
02 Oct. 2020
PREPARATION WORKSHOP FOR SHORTLISTED APPLICANTS
During the workshop, the shortlisted applicants will receive information on the final evaluation process and further details as to the expectations of the organizers.
13 Nov. 2020
DEMO DAY AND SELECTION OF WINNER
The Demo Day will be a closed event, whereby the shortlisted applicants will present their idea, including a demo, in front of a selection committee. Immediately after the pitches, the selection committee will deliberate and decide on the winning entrepreneur(s).
On 11th of December, 2020, SignalGeneriX announced the winners of the Innovation Challenge at its premises.
Five groups of young people were selected from a total of 34 and were invited to present their technologies and business plan to an evaluation committee. The prize for the winner, 50,000 euros in business incubation and product development services, business housing, materials and cash to turn their idea into a marketable product or service.
The young people presented their work before an evaluation committee, which consisted of the lead scientist for Research and Innovation, Dr. Nikolas Mastrogiannopoulos, the vice president of IDEK and president of Start-up Cyprus, Stavriana Kofteros, the founder and director of the Gravity technology incubator, Dr. Panagiotis Filimis, the director of Map Innovation, Monica Ioannidou Polemitis, the professor of Imperial College and co-founder of SignalGeneriX, Antonis Konstantinidis and the co-founder and director of SignalGeneriX, Dr. Tasos Kounoudes.
The winner is the DoggoTag team
Doggo Tag, is the winning team that has secured a contract with SignalGeneriX worth a total of 50 thousand euros in order to implement the technology in a product. The company proposes an innovative product, which is based on innovative LoRa technologies and the guardian of an animal can monitor the whereabouts of his pet, observe his behaviour, but also his health. The head of Doggo Tag, Andronikos Kasianidis and his team, will have guidance and training from internationally recognized professionals and will be able to have their own access to the international network of customers and partners of SignalGeneriX.
"I feel quite lucky and grateful," said Andronikos Kasianidis, "that I was given the opportunity by SignalGeneriX to highlight my business idea and to introduce to the market the innovative element that Doggo Tag is going to offer. I am very excited for my new start and especially the cooperation with a reputable company like SignalGeneriX ".
As he stated, “through my effort all these years, watching and participating in various start-up competitions, I have gained knowledge and experiences that helped me to set up and develop a complete proposal for my idea. My goal is to implement the Doggo Tag on a global scale, filling the gap in the market. Through this effort I hope to contribute in turn to the development of Cyprus as a geographical business base around the world as well as to help other start-uppers in their new beginning".
In his interview at Philenews, SignalGeneriX co-founder Tasos Kounoudes told: We actively support young scientists.
"We started as a start-up 15 years ago with our know-how, our ideas and a lot of appetite for work, and we have certainly learned a lot through this process. The road to the success of a start-up company faces many challenges and requires a lot of effort, especially in Cyprus, which still lacks the basic infrastructure to support and finance innovative start-up companies that seek to conquer the international market. Celebrating 15 years of success, we want to actively support young scientists with innovative ideas in their infancy, giving them the opportunity to implement their ideas and develop their innovative products and services and market them internationally."
He notes that in addition to the know-how and the necessary guidance, SignalGeneriX will invest the amount of 50,000 euros in the winning team, which it will support for a long time until it can stand alone in the market. "We know," he adds, "how difficult it is for a new innovative company with a high risk of success to have access to finance and know-how, so we want to offer this opportunity that we did not have when we started."
The other teams that participated in the competition, also received cash prizes, 500€ each of the team.
Grigori Afxentiou 23c, Mesa Geitonia, Limassol, Cyprus, Limassol 4003
+357 25 870072