12 April 2024

Transforming the future: Fundación LAB Mediterráneo together with the CENID, the UA and the UMH, join forces in an innovation challenge to power companies with AI

Alicante, 12 April 2024.–Fundación LAB Mediterráneo, a project promoted by the Employers’ Association of Valencia (AVE), in collaboration with the CENID, the University of Alicante (UA) and University Miguel Hernández de Elche (UMH), will organize an innovation challenge on artificial intelligence (AI) next Tuesday, 16 April, entitled “Challenge the future by overcoming tomorrow’s challenges today. III innovation challenge: How to improve a company with AI”. 

This is the third innovation challenge, following those carried out in recent years. The first of these was in Valencia under the slogan “Challenging urban mobility”, whose objective was to foment the synergies between business people, students and researchers and which brought together approximately one hundred students from different countries. The second, in Castellón, involved an innovation challenge on circular economy, under the title “Challenge your future: Make it circular” at which participants designed a measuring system for circular economy and its corresponding indicators, to highlight the work done by companies in this area, with the support of mentors (experts from different companies). 

The following are just some of the objectives of the challenge: to set up a dialogue between students and businesses and find innovative solutions for future challenges while fostering collaboration between the academic and business worlds. 

Participating in the event as mentors will be companies like: Aceitunas Cazorla, Aquaservice, AVE, Caixabank, Exponentia, Familia Martínez/KM ZERO, Gimeno Group, Helados Estiu, Logifruit, Nunsys Group, S2 Grupo, SPB/Cleanity, Verne Technology Group and Zeus/Sesame. 

The challenge will be presented at the start of the event and, after carrying out a group dynamic in order to establish links between the participants, the student teams will begin to work on their proposal for a solution, with the help of business representatives. 

At the end of the morning, each team of students will publicly lay out their value proposition related to the challenge and, following deliberation by the jury, the prizes will be awarded, a closing ceremony will be held together with a cocktail reception to foment networking among businesspeople, students and representatives of the educational community. 

Fundación LAB Mediterráneo

Fundación LAB Mediterráneo is a project created by AVE with the mission of positioning the Region of Valencia as a national and European benchmark in entrepreneurship, innovation, technology and research.

To achieve this, it has set itself five objectives: to promote the creation and attraction of technology start-ups; to work to attract national and international technology companies to set up in the Region of Valencia and create a ‘tractor effect’; to promote support for companies in non-technological sectors to accelerate their digital transformation; to contribute to increasing private investment in R&D&I; and to help promote research.

The Foundation’s Board of Trustees is made up of the following entities: Aceitunas Cazorla, Aquaservice/Plug and PlayAVEBaleàriaBanco SabadellBoluda Corporación MarítimaCaixaBankDacsa GroupEmbutidos Martínez/KMZERO, GDESGrupo AZAGrupo BertolínGrupo GimenoHelados EstiuImportacoLanzaderaLogifruitNunsys, RoyoInvext, S2 GrupoSPB/Cleanity TIBA/Romeu, Verne Technology Group and Zeus/Sesame.


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