RBC seeks next great innovatorChallenge asks students’ input about future of
Canada’s financial services industry
TORONTO, September 20, 2006 — RBC today announced
the call for entries for the first RBC Next Great Innovator
Challenge. Winners will be announced in March 2007 with the
top team receiving $20,000.
The RBC Next Great Innovator Challenge asks university and
college students across Canada to take a peek into the future
and answer the question: “Tell us how today’s teens
will influence the financial services industry of tomorrow
and describe an innovation, idea or concept that financial
services should consider in light of this influence.”
“Today’s teens will have a significant impact on
the future of the Canadian financial services industry and
we want to know how they think financial institutions should
adapt in order to remain competitive,” said Dr. Anita
Sands, Head Innovation and Process Design at RBC. “The
RBC Next Great Innovator Challenge is our way of gaining better
insight into, and understanding of, our younger clients and
their unique perspective on the exciting future possibilities
for Canada’s financial services industry.”
In teams of three or four, students must submit a unique
and innovative idea related to the Challenge. Teams must register
their intention to submit a proposal online before October
31, 2006. All completed proposals must be submitted by January
26, 2007. All submissions will be evaluated by the RBC Applied
Innovation team and narrowed down to the top 15 submissions.
These 15 submissions will then be reviewed by the RBC Innovation
Council and the top five submissions will be chosen.
The top five teams will be brought to Toronto for the final
evaluation by the RBC Next Great Innovator judging panel consisting
of some of RBC’s top executives. Teams will have 15 minutes
to present their idea to the judging panel and 15 minutes
for questions and answers with the panel. The final presentations
and awards ceremony will take place on March 29, 2007 in Toronto.
For more information on the challenge, visit www.nextgreatinnovator.com.
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Media Contact:
Suzanne Willers, RBC, 416-974-2727, suzanne.willers@rbc.com
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