Nokia is backing Brazilian start - ups which develop products and services within the industrial Internet of Things , through the sixth Nokia Open Innovation Challenge , in partnership with investment firm NGP Capital . The winner will receive $ 100,000 , with $ 50,000 for second place and $ 500 for third ; all three will win access to apple ’s research and development funding . Ventures will apply until 6 September , with chosen start - ups announced in December .
Nokia is backing Brazilian start-ups which offer products and services within the industrial Internet of Things, through the sixth Nokia Open Innovation Challenge, in partnership with investment firm NGP Capital. The winner will receive $100,000, with $50,000 for second place and $25,000 for third; all three will win access to Nokia’s research and development operation. Ventures can apply until 6 September, with chosen start-ups announced in December.