AutoMobility LA announced that submissions are now being accepted for the 2018 Top Ten Automotive Startups Competition (Top Ten). This year’s competition will celebrate innovative startups making significant advancements within the mobility space. Additionally, AutoMobility LA is also adding an electrification solution category for leading companies in the EV and clean transportation sectors.
The competition will be judged by thought leaders from major companies including Microsoft, NVIDIA, Porsche Consulting and Sansea Consulting. The winning Top Ten startups will be announced in September. In October, the Top Ten will be narrowed to three companies that will have the opportunity to pitch their ideas on the Technology Pavilion stage in front of the judges and a live audience during AutoMobility LA on Tuesday, November 27. The grand prize winner will be determined and announced shortly thereafter.
“Last year, we took this competition to the next level as we received a record number of submissions and selected powerful companies that are now making significant moves within the mobility sector,” said Lisa Kaz, President and CEO of the LA Auto Show and AutoMobility LA. “We are excited to see what new innovations will present themselves this year and hope to see increased interest from new and creative startups.”
All finalists will receive exclusive access to AutoMobility LA, exhibit space inside the Technology Pavilion and recognition in front of media, analysts, automakers, tech titans, developers, investors, government officials, and fellow startups, among others. Finalists will also have full access to all major AutoMobility LA networking events and receive an invitation to a VIP reception with the AutoMobility LA executive team, its Advisory Board members, top investors and industry executives.
Additional prizes for the 2018 competition will be announced soon.
In 2017, Swiss augmented reality developer, WayRay, was named the Grand Prize winner of the Top Ten Automotive Startups Competition and received a cash award of $15,000, among other prizes. Other previous participants have received significant exposure following their participation in Top Ten, many of whom have gone on to receive investments to help further grow their businesses and make key business deals. Former Top Ten winner HopSkipDrive, a ride service for families and kids, received $10.2 million in Series A funding after their participation and former participant Innoviz Technologies recently announced a major partnership with BMW’s autonomous driving program.