Intel Corporation (NASDAQ:INTC) launched a global challenge called “Make it Wearable” to encourage everyone including entrepreneurs, engineers, visual thinkers, technologists, and even high school students to submit their ideas/concepts for a wearable product that has a potential positive impact on the world.
The global search for wearable technology concept was announced by W. Eric Mentzer, vice president of Architecture Group and director of strategy planning and operation, Visual Computing Group at Intel Corporation (NASDAQ:INTC) at the Sacramento Regional Technology Alliance TechEdge event.
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Intel’s visionary track
Intel Corporation (NASDAQ:INTC) is now accepting applications for the “Make it Wearable” challenge. According to the company, they will select five winners for the Dream It Visionary Track who will receive $5,000. The winners will also receive an invitation to the gala event, travel package for two to San Francisco, 4 nights hotel accommodation in San Francisco, and their personal story will be featured online.
Participants are required to submit a one minute video along with a description of their ideas. The company will review the concepts in five waves based on inventiveness and its potential positive impact to the world. Each participant is allowed to submit 10 concepts.
Intel Corporation (NASDAQ:INTC) scheduled the closing of the Visionary Track round 1 on March 23 while the round 2 will close on April 13. The winner for round 1 will be announced on April 14, 2014.
Intel Corporation (NASDAQ:INTC) will select ten finalists for the Build it Development Track who will submit a video of a creative and innovative product concept, which will be judged based on creativity, feasibility, and market potential. According to the company, all participants who will be selected to advance in the semifinal and final round will receive mentorship.
The ten finalists will receive $50,000 while the grand prize winner will receive $500,000. According to Intel Corporation (NASDAQ:INTC), the participants will also receive increasing guidance and mentorship during the entire duration of the program, business, design, and technical development support, intensive education and incubation.
Become a maker
During the TechEdge event, Mentzer challenged the participants to become a maker. He said, “They used to call us nerds and geeks. Now they call us makers.”
Participants could submit any wearable technology concepts ranging from accessories, clothing, helmet, wristband among others.
Intel Corporation (NASDAQ:INTC) is awarding a total prize of $1.3 million for the “Make it Wearable” global challenge.