Global call for international scaleups to build the Italian IoT Digital Farm together with Olivetti
Market segments: Internet of Things - Industry, Retail, Urban
APRIL 28th, 2021
JUNE 30th, 2021
Collaboration with Olivetti, the TIM IoT Digital Farm.
Purpose and contents
Olivetti, an Italian historical industrial brand, has started a transformation process to become the TIM Group Digital Farm in the IoT area, leveraging on the TIM 5G assets and skills.
Olivetti together with TIM WCAP – the TIM Group Open Innovation Program that promotes and facilitates business and collaboration opportunities with startups, small and medium enterprises (SMEs), and scaleups - has launched "Olivetti IoT Challenge".
“Olivetti IoT Challenge” is open to national and international startups, SMEs and scaleups and aims to identify and recruit companies able to support Olivetti in the creation of the Italian IoT digital factory, by promoting the development and growth of a portfolio of innovative products and services.
The projects submitted may cover the following topics: Industry, Retail, Smart Cities
- Industry 4.0
Industrial IoT, digitization of industrial processes aimed at improving the efficiency of industrial facilities management, monitoring performance, and creating services for clients that are natively digital (IoT by construction).
Digitization of omnichannel points of sale, with the objective of streamlining shop management with ERP, Retail IoT, and digital payment solutions.
Phygital, i.e. marketing services that companies can implement to create an integrated ecosystem in which the physical world and the digital dimension coexist, for example through Internet of Things (Iot) solutions, Social Media, Customer Relationship Management (CRM) solutions, the Web, Smartphones Apps, etc.
- Smart Cities (Urban)
Smart Urban Services intended to create digital services that improve the lives of citizens in cities (waste management, mobility, security, parking, pollution and transit monitoring, etc.).
Winning Proposals will have the opportunity to negotiate a collaboration agreement with Olivetti and may develop their own project on Olivetti's proprietary infrastructure or other TIM Group companies, integrating it with the services currently available, in order to enter the market with an end-to-end solution accessible to the entire TIM customer base and promoted by the sales network as a partner’s solution. It is understood that (i) the definition and signing of the aforesaid agreement is subject to the positive outcome of a due diligence carried out by Olivetti and TIM and (ii) Olivetti and TIM will not under any circumstances be obliged to enter into the aforesaid agreement or any type of collaboration with the selected Companies.
The terms and conditions of the collaboration, if any, intellectual property aspects, as well as the consideration, will be defined after the winners have been selected and will be governed by subsequent agreements to be negotiated in good faith between the parties following the project closure.
TIM also reserves the right to assess possible investments in the selected companies through TIM Ventures, its venture capital instrument, where the solution proposed by the selected Companies is significantly consistent with Olivetti's industrial strategy.
Participants to the Challenge may be national and international companies, small and medium enterprises, and scaleups that meet all the following eligibility criteria:
- must have been established for at least 2 years up to a maximum of 10 years;
- 2020 revenue amounting to € 300,000 or higher;
- introducing an innovative digital project that leverages the company own digital products or services and that has a level of technological maturity greater than 6 as defined in accordance with the provisions contained in the Technology Readiness Level Annex (“Exhibit 1”).
The Challenge will open from April 28 and will close on June 30, 2021.
For any technical and organizational needs, the Organization reserves the right to change the start and end dates of the Challenge by notifying them to the Candidates.
Candidates' Proposals will be evaluated by a qualified jury composed by Olivetti and TIM managers and external experts. The members of the Jury have experience in the world of innovation and ICT.
The Jury shall assess the Proposals submitted by Candidates at its sole and unquestionable discretion, based on the assessment criteria set out in these Rules and Regulations.
The Jury shall analyse and evaluate all Proposals submitted by the Candidates according to the following evaluation criteria as well as to the Technology Readiness Level set out in Exhibit 1:
- Adherence to the Challenge in accordance with Article 5 of the Rules and Regulations.
- Business potential for TIM and Olivetti
- Innovativeness of the solution, defined as a solution capable of bringing value, combined with high usability and implementation by Olivetti.
- Economic feasibility
- Technical feasibility
- Adherence to modern architectural principles (microservices architecture, scalable, etc.)
- The solution should be designed to be sustainable and/or to produce measurable sustainability benefits in terms of:
- reduction of GHG emissions, energy savings, eco-efficiency, use of renewable energies; recycling, reuse or reduction of the use of natural resources; recycling, reuse or reduction of the use of materials.
- improvement of the living conditions of a community or a territory while respecting the environment.
“Olivetti IoT Challenge” does not constitute a prize-winning event.