Develop an innovative marketing campaign for Connect IQ, focusing on promoting products for monitoring machine performance and energy consumption in the industry, using market analysis, trend analysis, and sustainable development.
Submission Requirements (University Students application ONLY), 3,000 Euros funding support to student teams selected.
This is an exclusive call for university students within the European Union to participate in an exciting opportunity to co-create an innovative solution in collaboration with a leading company under the INDUSAC EU-funded project. Supported by Innoget, this initiative aims to foster collaboration between academia and industry, empowering students to contribute their knowledge and creativity to tackle real-world challenges.
Initial Problem Description
The main problem that Connect IQ wants to address is the lack of awareness and understanding among potential customers of the benefits of using our monitoring systems to optimize energy consumption and machine efficiency. Teams should develop effective communication strategies that highlight the value of our products in improving operational efficiency and reducing energy costs for businesses.
Context
The challenge arises in the context of Industry 4.0, where digitalization and automation are becoming key factors in optimizing production processes. Connect IQ's products are used across various industrial sectors, including manufacturing, processing, and energy, where it is essential to monitor and manage energy consumption.
Connection to cross-cutting areas
Connect IQ's solution seamlessly integrates with key cross-cutting areas such as Circularity, General Sustainability, Industry 4.0, and Digitalisation, addressing comprehensive sustainability and technological advancement in industrial operations.
Circularity: Connect IQ's products focus on optimizing the use of resources in industrial processes, which supports the principles of circularity by reducing waste and extending the lifecycle of materials. By providing data that helps businesses reuse and recycle resources more effectively, these products promote a more circular economy.
General Sustainability: The technology developed by Connect IQ contributes to general sustainability by enabling companies to monitor and reduce their energy consumption. This leads to lower carbon emissions and a smaller environmental footprint, aligning with global efforts to achieve more sustainable industrial practices.
Industry 4.0: Connect IQ is at the forefront of Industry 4.0, utilizing smart technology and data analytics to enhance machine performance and operational efficiency. This integration of cyber-physical systems into industrial practices not only increases productivity but also improves the ability to manage and predict machine maintenance and energy usage.
Digitalisation: The core of Connect IQ’s offerings is the digitalisation of monitoring and management systems, which transforms traditional industrial setups into smart operations. This digital transformation allows for real-time data gathering and analysis, leading to more informed decision-making and optimized performance.
Through these connections, Connect IQ’s challenge leverages cutting-edge technology to support sustainable and efficient industrial practices, making a significant impact across multiple domains.
Input
Connect IQ will equip participating teams with comprehensive trend analyses that cover the latest developments in monitoring and energy management technologies. This will include detailed insights into evolving market dynamics and technological advancements that are shaping the industry. Additionally, Connect IQ will supply data regarding consumer expectations and needs, providing a solid foundation for teams to understand the current demand landscape. This rich set of resources is intended to help teams develop informed, data-driven strategies that are precisely aligned with both technological trends and consumer preferences.
Expectations
Solutions are expected to be highly innovative and closely tailored to the specific needs of the market, with a strong emphasis on showcasing the unique technological advantages of Connect IQ products. Participants should not only propose a detailed and effective marketing campaign but also demonstrate the development of both analytical and creative skills within their teams. This challenge seeks to foster a deep understanding of Connect IQ’s value proposition and the ability to communicate it effectively through various strategic and creative approaches.
Desired Team Profile
Connect IQ is seeking teams composed of students specializing in marketing, communication, sustainable development, and engineering and technology. It's crucial that these team members not only possess a solid academic foundation in their respective fields but also display a genuine interest in new technologies and sustainable development practices. This interdisciplinary approach ensures that the teams can handle the complexities of developing innovative solutions that align with the latest technological advancements and sustainability goals, ultimately leading to more effective and impactful outcomes.
Additional Information
Prior to the start of the competition, teams will be provided with extensive information detailing the competitive of the sector. This preparation aims to arm the participants with a thorough understanding of the external business environment, enabling them to tailor their strategies effectively and anticipate market trends that might impact their proposed solutions.
Submission Requirements (University Students application ONLY)
3,000 Euros funding support to student teams selected.
This is an exclusive call for university students within the European Union to participate in an exciting opportunity to co-create an innovative solution in collaboration with a leading company under the INDUSAC EU-funded project. Supported by Innoget, this initiative aims to foster collaboration between academia and industry, empowering students to contribute their knowledge and creativity to tackle real-world challenges.
The challenge is part of the EU project INDUSAC and is open to students from public universities across Europe.
The INDUSAC project designs a state-of-the-art mechanism for industry-academia collaboration, based on human-centered design principles that facilitate rapid project co-creation. At least 300 international co-creation projects will be selected for implementation to validate the mechanism. These micro-projects, led by teams of students, researchers, and company staff, cover a wide range of activities targeting various industrial sectors. They aim to bridge the gap between business and academia.
The goal of the project is to develop and validate an advanced Industry-Academia Collaboration mechanism for swift, challenge-driven, human-centered co-creation.
The INDUSAC project focuses on four key areas:
Circularity
General Sustainability
Digitalisation
Industry 4.0
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