Last June marked the launch of the first edition of the Innovation Hack Award: a call for ideas conceived by Teoresi’s Innovation team aimed at all colleagues within the Group. Participants were invited to form teams and choose an area of interest among the main markets where our Company operates, including Smart Mobility, Agritech, Fintech, Smart Home, and Life Sciences. They were also encouraged to explore broader themes related to cutting-edge technologies such as AI, Machine Learning, Robotics, Augmented Reality, Virtual Reality, and Blockchain.
To think innovatively and originally about solving a problem or improving a process. The contest took place over the summer months and led to the selection of three proposals in September by an internal technical committee composed of representatives with diverse and cross-disciplinary expertise.
The three finalist teams were selected based on technical criteria, including project feasibility, level of technological maturity, and the degree of innovation in the solution. At the same time, marketing aspects were taken into account, such as the idea’s market value, alignment with Teoresi’s vision and business model, the ability to meet customer needs, as well as organizational aspects and project sustainability from the prototyping phase to the market launch.
On October 7th, at Palacongressi Rimini, the finalists competed on the grand stage of Connection Day 2023 to present their projects through an elevator pitch: ideas condensed into a short speech designed to capture the audience’s attention in the time it takes for an elevator ride. In its concept, the elevator pitch is precisely that short intervention that can change your life and provide an extraordinary opportunity. With this approach, the finalist teams prepared for their seven minutes in the limelight! At the end of the time, two additional juries, one external, composed of professionals from the research and industry world and the other represented by all the colleagues present at the event, evaluated the proposals to determine the winner.
The Spotless Mind team, with the project MEET ME IN MONTAUK, gathered the highest score based on the average votes given by the two juries.
The proposal develops a solution targeting the Life Science sector using Artificial Intelligence and Augmented Reality. This solution would allow, particularly elderly people or individuals facing amnesia due to degenerative or temporary situations to preserve and relive their memories.
Virtual reality can enable a more immersive reliving of memories, while AI is tasked with managing the initial information flow, customization of the therapeutic session, and analysis of patient feedback.
WHAT HAPPENS NOW?
In the coming months, the winning team, in addition to the trophy received on stage, will be supported by Teoresi in terms of financial and organizational resources. Furthermore, each team member will receive a personal award for their commitment and involvement over the months.
This initiative fits into the broader context of Teoresi’s vision towards talents within the company, promoting the spread of a creative approach to the ideation of cutting-edge technological solutions, and encouraging taking advantage of cross-disciplinary influences from various fields, not only related to the scientific domain.
Meet Me in Montauk represents an excellent synthesis of this approach, in line with Teoresi’s mission of “engineering for human life.”
Congratulations to the winning team and to all participants in the first edition of the Innovation Hack Award.
The dream continues and remember that the next edition of the contest is just around the corner!