ROYAL OAK – The winner of NextChallenge: Smart Cities will be awarded up to $80,000 in grant funding from Wells Fargo to demonstrate and validate their solution at the NextEnergy Center in Detroit, or an applicable site that meets the needs of the selected solution. An additional combined total of $20,000 will be awarded to as many as four finalists. Monetary awards and programmatic support are funded by a $650,000, three-year grant from Wells Fargo to support NextEnergy’s efforts to drive investment in advanced energy and transportation technologies that address needs in urban communities.

M2 Techcast co-hosts Mike Brennan and Matt Roush Interviewed Jean Redfield, CEO of NextEnergy to discuss the competition and the difference the submitted innovations will likely make in urban communities.

“Urban populations are on the rise, which is leading to challenges related to safety, mobility, emissions, accessibility, and congestion,” said Redfield. “This challenge is designed to identify new innovations to address those issues, with added benefits of identifying technology opportunities that can create new business models and drive economic development.”

To get more details and apply for the Challenge, click on https://mitechnews.com/update/nextchallenge-smart-cities-competition-winner-get-80000/

To listen to this podcast, click on https://soundcloud.com/podcastdetroit/m2-episode-37-automation-alley?in=podcastdetroit/sets/m2techcast-on-podcastdetroit