School's out but RBC's student prototyping challenge is in session
Post-secondary students and recent grads are put to the test and awarded
$5,000 for best prototype
TORONTO, June 24, 2013 /CNW/ - Five post-secondary students and recent
graduates have been named the winners of the first ever 24 hour RBC Next Great
Innovator (NGI) Challenge Prototyping Event. The team was awarded $5,000 by a
panel of RBC executives for creating a working prototype, including social
media components, that would make everyday banking easier.
"It's been a really eye-opening experience for us to work with the students -
we've been able to explore many creative and fresh ideas and concepts," said
Avi Pollock, vice-president, Innovation and Strategic Planning, RBC and a
judge of this year's competition. "We pride ourselves on being leaders in
innovation at RBC, always finding new and better ways to do things. Becoming
the first bank in North America to hold a 24 hour prototyping event seemed
like a natural evolution of the NGI program."
The official challenge question asked participants to use the shared
development platform, Heroku.com, to "build an innovative prototype for a
mobile, tablet, web or desktop app that utilizes the power of social to
seamlessly integrate banking into the daily lives of our clients."
The winning team was selected from 54 teams and 153 post-secondary students
and recent graduates, representing 22 schools across Canada. Their prototype
and idea focused on transferring money and sharing product and educational
information between mobile devices by tapping them together.
"The experience of taking part in the first ever NGI Prototyping Event has
been amazing. We walked away with a great prize, successfully solved a
real-life business challenge under intense pressure and also got to present to
senior executives," said Matthew Clark on behalf of the team. "The challenge
put us to the test and we learned so much along the way. We're so proud of
what we achieved in the last 24 hours and that we were named the winners of
Participants had a week to prepare and 24 hours, from June 21 to 22, to bring
the prototype to life, including presentations to a judging panel. The top
five finalist teams underwent a second round of judging by a panel of RBC
executives. An RBC recruitment booth was open to all challenge participants
during the event.
For the past seven years, the RBC Next Great Innovator Challenge has taken the
form of a nation-wide competition that asked college and university students
to answer a real-world business challenge by providing an innovative idea.
This year, the initiative took on a new approach to include four separate
challenges taking place at various times throughout the year, including the
new 24 hour prototyping event. Since its start in 2006, over 2,300 students
have participated in the RBC Next Great Innovator Challenge.
Over the years, numerous ideas put forward by NGI participants have been
tested and streamlined in the RBC Innovation Experience Lab and some have been
developed for use at RBC. The telepresence technology in RBC retail stores was
produced based on the past winning submission, the VIBE interactive personal
banking workstation. Prototype submissions from this year will follow the same
For more information on the RBC Next Great Innovator Challenge Prototyping
Event, visit the website, follow it on Twitter @rbcinnovator or become a fan
Media contact: Lauren Raley, RBC, 416 313-6496,email@example.com
Image with caption: "The winning team of the first-ever 24 hour RBC Next Great
Innovator Challenge Prototyping Event, Team Mobilify, celebrate their
achievement and $5,000 prize. (CNW Group/RBC)". Image available at:
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