MIT Enterprise Forum Greece has used our Mantis Innovation Management Software to facilitate their innovation challenges in the field of Water Management, Treatment, and Consumption in collaboration with HCAP Innovation Network and its portfolio companies.
Two Incentivized Prize Competitions are running this year for EYDAP and EYATH. Both companies are seeking innovative solutions to address a number of challenges they are facing. Mantis IMS was used to digitize the submission and evaluation process for both competitions.
More than 150 teams submitted their solutions, while more than 50 evaluators joined the system to assess the submissions during the first phase of the EYDAP Competition.
MITEF Greece is a non-profit association founded in 2013 as the local chapter of the MITEF Global network owned by MIT University. MITEF Greece designs and implements high-quality programs that aim to inform, connect, coach, and accelerate young entrepreneurs who focus on technology by helping them turn their ideas into world-changing companies.
HCAP Innovation Network, in collaboration with MITEF Greece, has launched an Incentivized Competition Series to facilitate HCAP’s portfolio companies developing, posting, and running their competitions for challenges they find worthy of addressing. Those challenges are primarily data-driven and have a level of sophistication that requires skills, knowledge, and hard teamwork to address. Through them, the portfolio companies aim to acquire innovative solutions that can add disproportionately high value and efficiency to their operations.
Both EYDAP and EYATH are seeking innovative solutions to address the following challenges:
01_ The creation of an algorithm that can predict which water consumption meters are defective, with the help of recorded measurement data
02_ The creation of an algorithm that can predict the future consumption of a supply in the medium term with the help of recorded measurement data, e.g., 12 months
The forecasts will be based on several parameters related to the history of the measurements, the type of meter, the date and the geographical location of the installation, and data from third-party sources. A smart meter operation model can significantly contribute to the timely and efficient detection of faults and reduce water waste.
01_ How can we remove the load of nitrogen and/or phosphorus that enters the Wastewater Treatment Plant of Thessaloniki (EELTH) and, how can we use them to produce valuable materials?
02_ How can we remove a load of organic carbon from the untreated wastewater entering the EELTH and, secondly, how can we utilize this energy within the premises?
The proposed solutions need to consider the possibility of producing renewable energy and/or the low energy footprint and, in general, the low environmental footprint of EEL (reduction of emissions in treated effluents, sludge, and atmosphere).