Foxconn Technology Group recently launched its “Smart Cities – Smart Futures” initiative in which the company will provide up to $1 million in prizes over the next three years to students, faculty and staff at Wisconsin colleges who generate winning ideas for projects to help develop needed housing, infrastructure and other systems.
At a press conference to formally announce the initiative, Alan Yeung, Foxconn’s director of U.S. strategic initiatives, said he believes the initiative will inspire and enable the “immense talent available in the Badger State to participate, submit ideas and potentially see them come to life.” According to Yeung, the ideas could be anything from “developing attractive streetscapes, building transportation networks, designing innovative living spaces, improving the way we learn or enhancing healthcare.”
The themes for the competition include: Optimizing Our Resources and Strengths; Improving Quality of Life, Performance and Collaboration; Enhancing a Sustainable Economy and Environment; and Advancing Smart Manufacturing, Services and Infrastructure.
Foxconn’s three-phase initiative will begin in October with subsequent phases coming in February and April of next year. The first round will have Foxconn paying $150 prizes to an estimated 300 participants submitting essays, pictures, emails and other forms of proposals. Submissions can be made in late September, and the deadline for the first round of entries is Oct 31.
The next round will have the company awarding $1,500 to 50 participants while the last phase will have Foxconn awarding each member of a “Sweet 16” group $5,000.