Applications & Selection

Who can apply to this program?

We are seeking companies, startups, based or with affiliates based in Europe, Israel or Turkey. Candidates must have proven skills or references in the fields of expertise needed in the proposed challenges. Participants must provide a legal entity to sign the partnership convention in case of selection.

 

If my team is based outside of France, will travel costs be covered?

  • Non-Eilat challenges participants: GE Digital Services Europe (GEDSE) covers travel fees to Paris for the Jury (December 2017) for one person per Start-Ups.
  • Eilat challenges participants: GE will not cover travel fees. It might be covered in certain cases at GE discretion.

 

Which are the key dates to keep in mind to apply to the program?

  • October 23: Applications close at 12:00pm ECT (noon, Paris time).
  • Selections to the first round will be announced during the last week of October.
  • October 30, 31, November 2, 3: The first remote work-session will take place with the Challenge Provider and GE.
  • November 20, 21, 22, 23 : The second work-session will be held at Numa, Paris, France or GE, Tel Aviv, Israel or remotely depending on the Challenge you are applying for.
  • December 11: Final Jury at Numa, Paris, France with a jury panel made of representatives from NUMA, GE Digital, Challenge Providers, CVCs, etc.
  • January 2018 – March 2018: Acceleration program supported by GE Digital to deploy your solution for the Challenge Provider.

The detailed program timeline can be found here.

 

I am applying to one of the Eilat challenges, is there anything specific I should know?

For the Eilat challenges participants, the second work session will be organized in the GE offices in Predix Startup Program, 9 Hamanofim street, Ackerstein Building A, Herzliya, Israel 46275. Possibility to assist electronically.

The final jury selection will take place in NUMA Paris, with other non-Eilat challenges. Possibility to assist electronically.

The acceleration phase from January to March will be managed by Predix Startup Program Israel.


What's in it for candidates?


What does a winning team get if selected?

Teams selected in the final round get:

  • a financial grant of €15,000
    • €5,000 within the 30 days after the Jury announcement of the 7 selected start-ups in December 2017
    • €10,000 within the 30 days after the Acceleration (ends in March 2018). 
  • 3 months (January to Mars 2017) of acceleration support from, GE Digital
  • Predix Training
  • Predix license extension;
  • GE as a business lead
  • Challenge Provider support and business expertise

The acceleration support consists in:

  • operational, business and technical expertise by the challenge's provider team;
  • software development, data science and UX design support by GE Digital
  • methodology, product/service development expertise by GE Digital

Note for teams applying to Eilat challenges: the second work-session of November 2017 will take place at GE Digital's startup accelerator in Israel, as well as the 3 month acceleration phase in 2018. 

 

Is it worth participating if I am not selected in the end?

Yes! The program's selection process is designed to enable direct interactions between teams and GE Digital, Numa, and the Challenge Providers, through which shared interests and collaborations can emerge even for non-selected startups, outside the program's scope and timeline.

 

What kind of support do the "challenge partners" and NUMA bring to candidate teams?

The "challenge providers" refer to industrial companies, GE Businesses, and Minicipal Townhalls sponsoring the challenges. Their role is to bring operational expertise, seek and share relevant data sets with the teams, mentoring them remotely at refining their solutions, and co-building an implementation plan with them. In some cases, challenge partners are in charge of engaging an external client to implement the pilot solution within their industries. 

GE Digital mentors offer guidance on lean methodology in order to ensure that teams proceed in co-creation. Their profiles are diversified, ranging from engineering and business to design and user experience mentors.

NUMA will facilitate discussions during several steps of the selection process to ensure fruitful collaboration between the startups, challenge providers and GE Digital.


Business, Partnerships & Intellectual Property

How does the program bring candidate teams GE as a business lead?

At the end of the acceleration phase, the challenge providers and selected teams agree on how they want to pursue their collaboration within and beyond the program. They namely agree on completion criteria (a functioning app on Predix) and success criteria (functioning app with a quantifiable business impact), and define a business model to shape their future collaboration in case of success.
 

What are some of the possible business partnerships that teams and GE can agree on?

The most likely scenario for sharing the value generated by the developed app is that of a licensing agreement with the software owner. Royalties would be paid:

  • either by GE to use the software,
  • or by GE to have the software used by its clients
  • or directly by the client or the Challenge Provider to use the software.

Also, GE will consider agreeing with the software owner either on a right to exclusivity (in which case the duration of this exclusivity is a parameter to be discussed), or on a right of first refusal.

The agreement between GE and the participant teams will be adapted to each situation, and discussed on an individual basis during the selection phase. It will be key to GE’s decision of selecting a team for the acceleration phase, and likewise to the team’s decision to commit itself to the development of an app.

 

What kind of legal agreements does a team have to sign by participating to this program?

All startups will sign a NDA upon submitting their applications online. Candidates that are selected at the final stage will sign a convention framing the financial grant and defining a business model to last beyond the scope of the program in case of success. Teams also get the opportunity to join the GE Digital Global Alliance Program in parallel to the program. 

 

What is the GE Digital Global Alliance Program and why is it interesting for candidates?

The GE Digital Global Alliance Program is an accelerated access to Predix microservices catalogue. It aims at onboarding teams quickly, accelerating their value added activities, and collaborating with them in the market. This program helps with access to technical resources, training, and business development tools.

Check the GE Digital Global Alliance Program online page or brochure for more information.

 

Who will own the Intellectual Property involved in solving the program’s challenges?

In a nutshell: Intellectual Property will be retained by the participants (both background and foreground IP). 

In more details: all background IP, i.e. the intelligence owned before the program starts until the first piece of confidential information is shared, is retained by the entities taking part in the program. Foreground IP, i.e. the intelligence generated by the participant team during the collaboration with GE, can also be owned by the participant team’s legal entity, not by GE.


Predix


What is Predix?

Predix is GE's operating system and platform for building applications that connect to industrial assets, collect and analyze data, and deliver real-time insights for optimizing industrial infrastructure and operations. Predix as a cloud-based PaaS (platform as a service) aims at enabling industrial-scale analytics for asset performance management (APM) and operations optimization by providing a standard way to connect machines, data, and people. Built on Cloud Foundry open source technology, Predix provides a microservices based delivery model with a distributed architecture (cloud, and on-machine).

To get more information about Predix and register to the free trial, visit: www.predix.io 

 

When should I create a Predix account?

Participants are invited to create a Predix account starting from their application to the program. In order to ensure a faster security check for the candidates, they are asked to communicate their Predix ID on the program's application form. In case of trouble registering, do not hesitate to contact us.

 

What if my free trial expires before the end of the program?

GE will extend the duration of the Predix licenses to fit the program's time frame.

 

How will I concretely use Predix over the course of this program?

The final solutions are required to be apps implemented on the Predix environment. Before the final selection, teams are free to build their demos on their in-house environments. The acceleration phase will in that case involve at least in part the migration of the solutions to Predix.