Innovation Challenge expo to recognize area’s best ideas
New ideas and prototypes will be on display — once again competing for recognition from Trine University’s Innovation One and Fifth Third Bank — at the annual Innovation Challenge expo on Friday, April 21, at Trine.
Now in its fourth year, the Innovation Challenge, with prizes funded by Fifth Third Bank, Greater Indiana, aims to find the best new concepts in technology and business. Twenty finalists will display their projects at the expo.
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.
Among the ideas showcased at the expo will be “ShoEye,” shoes outfitted with an integrated SONAR device to assist visually challenged people by locating obstacles in their path. Also on display will be a wrist band worn during sleep that can detect when the wearer is entering into sleep paralysis, and methods of shielding from or taking control of hostile drone technology.
Winners will be announced and prizes awarded at 6:30 p.m. in Fabiani Theatre in the University Center. 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.
Fifth Third also will provide “goodie bags” to all finalists.
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.