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
"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
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
"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 the challenge."
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 process.
For more information on the RBC Next Great Innovator Challenge
Prototyping Event, visit the website, follow it on Twitter @rbcinnovator or become a fan on Facebook.
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: http://photos.newswire.ca/images/download/20130624_C2498_PHOTO_EN_28418.jpg
For further information:
Lauren Raley, RBC, 416 313-6496, firstname.lastname@example.org