In Volkswagen Challenge Business Models for the Future of Production competition Volkswagen seeks to address these changes in the heart of core automotive manufacturing and production by developing new and innovative business models for production-related areas in the future.
The automotive industry is facing unprecedented transformation due to advancing technologies, disruptive trends, and rapidly evolving customer needs. Electrification, changes in mobility habits, and digitalization are just some of the factors driving this transformation. These changes, in turn, drive changes in value creation processes and value creation.
Innovation is at the forefront of Volkswagen’s activities and the Volkswagen Group is committed to gearing towards the future. The automotive industry is facing unprecedented changes with such things as digitalization, new tech players, autonomous vehicles, environment, climate change, and geopolitical changes all having a big impact on the future of production and logistics. Accordingly, the customers are changing and demand other goods and services. In addition to impacting production practices these changes impact value creation in the automotive industry as companies move to create value not just with the vehicles they sell but with all aspects of their expertise. Volkswagen has identified three primary focus areas for production – sharing of production expertise, sharing of logistics expertise, and the management and processing of valuable resources – and is seeking new and innovative production business models that address one or more of these areas.
This is an Ideation Challenge, which has the following unique features:
There is a guaranteed award. The award(s) will be paid to the best submission(s) as solely determined by the Seeker. The total payout will be $10,000, with at least one award being no smaller than $5,000 and no award being smaller than $1,000.
The Solvers are not required to transfer exclusive intellectual property rights to the Seeker. Rather, by submitting a proposal, the Solver grants to the Seeker a royalty-free, perpetual, and non-exclusive license to use any information included in this proposal, including for promotional purposes.
Submissions to this Challenge must be received by 11:59 PM (US Eastern Time) on 28-Jan-2021. Late submissions will not be considered.
After the Challenge deadline, the Seeker will complete the review process and make a decision with regards to the Winning Solution(s). All Solvers that submit a proposal will be notified on the status of their submissions; however, no detailed evaluation of individual submissions will be provided.