Innovations in technology, business to be displayed
Glasses that vibrate to signal someone with a visual impairment when an object is near. A locking system for classroom doors in a school shooter situation.
Sensors that could automatically detect and identify vehicles involved in a hit and run. A walker that transforms into a scooter when the user gets tired.
While some of these projects may sound futuristic, they are just a few of those that will be on display — some including working prototypes — as part of the Innovation Challenge expo Friday, April 22, at Trine University.
Now in its third year, the Innovation Challenge, with prizes funded by Fifth Third Bank, Greater Indiana, aims to find the best new concepts in technology and business. A panel of judges selected 20 finalists from 36 submissions to display their projects at the expo.
Business concepts on display will include a new software application for tracking sports statistics, a web-based tool to tailor school assignments to individual children and a proposed business that would provide customized costumes to cosplayers.
Everyone is invited to attend this free family-friendly event. The public innovation expo will take place from 4-6 p.m. in the Rick L. and Vicki L. James University Center at Trine University.
Winners will be announced and prizes awarded at 6:30 p.m. in Fabiani Theatre in the University Center. Kevin Hipskind, market president at Fifth Third Bank, Central and Northeast Indiana, will present awards.
Unrestricted cash prizes will be awarded for first through third place in each category. First place winners will take home $2,500, with a $1,000 prize for second and $500 for third. Prizes will also be given for Best High School Entry, Best University Entry and Best Community Entry.
The Innovation Challenge, introduced in 2014, is open to students and residents of Indiana, Michigan and Ohio. Awards and scholarships are funded by a $100,000 gift from Fifth Third Bank, Greater Indiana.
About Fifth Third Bank
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $141 billion in assets and operates 1,254 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,639 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 30, 2015, had $297 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Fifth Third Bank was established in 1858. Member FDIC.