14 Mar Milwaukee Business Journal: Thirty teams advance in Foxconn’s $1M Smart Cities – Smart Futures competition
Foxconn Technology Group announced the 30-team second round participants of its “Smart Cities – Smart Futures” competition this week, with teams being awarded $1,500 each to fund their ideas.
Foxconn is putting up $1 million over the next three years to sponsor the competition, which is designed to bring to the forefront ideas from students and faculty in Wisconsin that could improve health care, transportation, production and other elements of the state’s economy.
The first round of winners were announced in December at an event at University of Wisconsin-Parkside. Each team received $500 to support their ideas and were invited to apply for the second round.
The 30 teams have an opportunity to move to the third round, where a field of 16 teams will each receive $5,000. In its inaugural year, the competition will award more than $200,000 in its three rounds.
University of Wisconsin-Madison had the most teams represented in the second round with seven teams, followed by Medical College of Wisconsin with six. UW-Milwaukee had four. Among the winning ideas is a virtual learning app by Concordia University, designed to help students learn the steps of a skill before they participate in hands-on practice.
The competition is also supported by the League of Wisconsin Municipalities, the Wisconsin Technology Council, the Wisconsin Economic Development Corp., the Wisconsin Alumni Research Foundation, the UW-Milwaukee Research Foundation and the WiSys Technology Foundation.
Click here to read the full article.