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Open Innovation with Yuzz

Yesterday, we had the pleasure to meet the winners of the Yuzz Program!

Yuzz is a contest for young entrepreneurs (under 25) who have a technology-based idea. The organizers selected 10 talented entrepreneurs from Barcelona and Madrid and offered them the chance to accelerate their business ideas guided by excellent professionals and well-known entrepreneurs. As part of the prize, they got the opportunity to come to Silicon Valley for a week  in order to develop their international skills, get to know other entrepreneurs and learn about the way business is done here.

Innovalley organized an Innovation session with them. We first presented the company in a 10-minute pitch. We also talked about how we understand and manage innovation within the company. And finally, we proposed them with a challenge: they had to work in two teams and develop a new product or service built on top of a piece of Innovalley technology. In less than one and a half hour they had to define a problem, a solution and a business model. They presented their ideas in front of the other group and the jury who evaluated the results.

The winner hasn’t been revealed yet, but we are impressed by the talent of the two teams and the ideas they developed. This is, once more, an example of how enriching collaboration and open innovation can be.

Thanks Yuzz for your great ideas! You guys rock!

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