InoCrowd Challenge - Revolutionizing Processes through Digital Technologies in Chemical Production

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$10,000 USD
Due:  18th Mar 2024

Challenge overview

OVERVIEW

InoCrowd are hosting an open innovation Challenge around boosting the efficiency and effectiveness in chemical production processes by using advanced digital technologies.

The Seeker is seeking innovative solutions to unlock improvements in product output and savings in operational costs, while minimizing environmental impact and ensuring high safety and cybersecurity standards. Innovative use of AI and other developments in digital technologies and operations will help to considerably reduce cost for InoCrowd's Seeker. Your solution will be evaluated and then you can present it at a Pitch Day in April 2024, should you progress.

 

The Seeker will provide rewards to the winning teams or individuals, including:

       i.    a financial incentive of €10,000 and;

       ii.    the opportunity to collaborate directly with the Seeker's R&D and production teams to bring your ideas to life;

       iii.    a possible collaboration contract with the Seeker.

The prize of €10,000 can be distributed among several Solvers if more than one winning solution is selected.

Can you help InoCrowd source solutions that will revolutionize chemical production processes?

 

Login or register to start solving this Challenge! After logging in, click ‘View Challenge Details’ to submit your solution on the InoCrowd platform

This is a Prize Challenge which requires a written proposal to be submitted. More details around award, Intellectual Property (IP) rights, and treatment of solutions is available on the InoCrowd Challenge page and process documentation.

 

Submissions to this Challenge must be received by 11:59 PM (US Eastern Time) on March 18, 2024. 

Late submissions will not be considered.

N.B. The Prize for this Challenge is in Euros (€), not dollars.

 

ABOUT THE SEEKER & ELIGIBILITY

InoCrowd specializes in providing services to generate ideas and solve problems, based on its own interactive open innovation technological platform, which reaches a network of experts from around the world, to accelerate and enhance innovation in companies investing in research and development (R&D).

Anyone can participate in this Challenge, with more details available on InoCrowd’s platform.

 

THE CHALLENGE

Background

To produce its chemical products, InoCrowd's Seeker relies on several industrial units that are dependent on raw materials such as benzene, salt, ammonia and hydrogen, as well as utilities such as electricity. The Seeker company is a national reference in the hydrogen (H2) value chain, with a strong position as a producer of H2 without direct use of natural gas.

With the evolving market dynamics and emerging new applications of these chemicals, there's an imperative need to explore and implement innovative business models. This will not only enhance the Seeker's market presence but also ensure its sustainability and adaptability in the ever-changing industrial landscape.

Understanding the profound impact of artificial intelligence and other emerging technologies across various sectors, the Seeker recognizes the significance of leveraging these opportunities, especially on the side of radically improving operating costs. Faced with this challenge, the Seeker aims to identify and enhance solutions that not only yield incremental improvements but also deliver transformative results, acknowledging the need for impactful advancements in our ever-evolving landscape. The benefits of advancements in technological areas will include:

·     Increased safety, productivity and competitiveness;

·     Increased production output/flexibility;

·     Decreased environmental impact;

·     Ensuring higher safety standards.

 

The Challenge's timeline is as follows:

Open Call: 1st February, 2024

Submission Deadline: 18th March, 2024

Pre-selection deadline: 01st April, 2024

Pitch Day: 14th April, 2024

Selected Winners: until 19th April, 2024

Kick-off: During the first semester

 

SOLUTION REQUIREMENTS & ACCEPTANCE CRITERIA

The Solver's task is to identify opportunities and develop digital solutions that optimize the Seeker's process. Participants are invited to:

·     Propose digital solutions like automation, AI-driven real-time monitoring, optimization, anticipation, or AI-driven process control, to enhance efficiency, increasing output, while maintaining product quality.

·     Explore methods to minimize waste and resource consumption.

·     Propose productivity increase applications in maintenance operations and safety.

However, please note that proposals that are not environmentally sustainable, require excessive capital investment or do not offer a clear improvement over current operations will not be considered for award.

You can learn more about the solution requirements on the InoCrowd Platform.

 

The Seeker will provide rewards to the winning teams or individuals, including:

       i.    a financial incentive of €10,000 and;

       ii.    the opportunity to collaborate directly with the Seeker's R&D and production teams to bring your ideas to life;

       iii.    a possible collaboration contract with the Seeker.

The prize of €10,000 can be distributed among several Solvers if more than one winning solution is selected.

 

YOUR SUBMISSION

For more details on your submission, start solving now by clicking 'View Challenge Details' and entering the Challenge on the InoCrowd platform.

Submissions to this Challenge must be received by 11:59 PM (US Eastern Time) on March 18, 2024. 

Please note, this is a cross-posted Challenge. While Wazoku Crowd will forward questions to the InoCrowd management team, you should ask questions on their platform for the best chance of a swift answer.

Use the slider to explore how the Challenge process works:

Register

Review & Accept

Submit

Win

To start solving this Challenge, log in to the Challenge Center or register as a Solver

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