Foxconn Announces First-Round Finalists of Year-Two “Smart Cities – Smart Futures” Competition
Foxconn continues three-year competition that awards up to $1 million in cash and technical support to Wisconsin students, faculty and staff
Milwaukee, WI – Foxconn Technology Group (Foxconn) today announced the shortlist of 25 finalists for their Round 1 submissions of the Year Two “Smart Cities – Smart Futures” competition at Milwaukee Area Technical College. Each finalist from the first-round submissions will receive $500 and will be given an opportunity to advance to Round Two. Foxconn received a total of 71 submissions from across 20 different higher education institutions around Wisconsin.
“Wisconsin continues to be a priority for us at Foxconn, and we want to play our part in realizing the vision of making Wisconsin the Silicon Valley of the Midwest. Part of that includes tapping into potential of the students – the future of Wisconsin – and harnessing their ideas to create an impact in their community,” said Alan Yeung, Director of U.S. Strategic Initiatives, Foxconn Technology Group. “With Foxconn’s resources and expertise, we would be able to collaborate, enable and empower the participants in their aspirations.”
Submissions are evaluated by a panel of judges represented by academic partners and external stakeholders. Foxconn will be looking into concepts that involve advanced manufacturing, environmental sustainability, healthcare, Agri-tech, Internet of Things, machine learning, smart display, industrial artificial intelligence, and high-performance computing. Competitive submissions will be required to apply these technologies to solve real-world problems that will benefit and improve our communities here in Wisconsin.
Foxconn has partnered with the University of Wisconsin System, the Wisconsin Association of Independent Colleges and Universities, and the Wisconsin Technical College System on the “Smart Cities – Smart Futures” competition – visiting nearly 18 colleges and universities from UW-Eau Claire to Gateway Technical College, to Ripon College to promote the competition.
Foxconn has also visited several of these college campuses, along with others in Wisconsin and throughout the Midwest, to recruit and hire talent for career opportunities in Industrial Artificial Intelligence, High-Performance Computing, Smart Manufacturing, Smart Display, 5G, and Networks. Both the “Smart Cities – Smart Futures” competition and these college recruitment efforts have led to be college graduates finding open and available positions within Foxconn.
In addition to the academic partners, the competition is also supported by several groups, including the League of Wisconsin Municipalities, the Wisconsin Technology Council, the Wisconsin Economic Development Corporation, the WiSys Technology Foundation, the Wisconsin Alumni Research Foundation, the UW-Milwaukee Research Foundation and SCORE.
Year two second-round submissions will be due on December 7, 2019. For more information about the competition please visit: https://wismartcities-smartfutures.com/
About Foxconn Technology Group
Established in 1974, Foxconn Technology Group (“Foxconn”) is a leading technological solution provider, that has leveraged its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies.
By capitalizing on its expertise in Cloud Computing, Mobile Devices, IoT, Big Data, AI, Smart Networks and Robotics/Automation, the Group has expanded capabilities in four key technologies – Data Tech, Analytics Tech, Platform Tech, and Operations Tech. The company has research centers and testing laboratories internationally and has received more than 83,500 patents worldwide. In addition to maximizing value-creation for customers, Foxconn is also dedicated to enhancing the concept of environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises.
In 2018, Foxconn achieved US$175 billion in revenue, and has received an array of international accolades and recognition. The company was ranked 23rd in the Fortune Global 500 rankings in 2018 and 215th in the Forbes ranking of the World’s Best Employers that year. In 2019, the company was ranked 21st for Sales and was ranked 123rd overall in the Forbes Global 2000.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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So this is what we get for our $500 million investment in this company?