Foxconn Technology Group announced Thursday it will invest over $1 million in a three-year competition among the state’s public and private universities for the best ideas to develop “smart” cities and systems throughout Wisconsin.
Foxconn, which plans to build a $10 billion manufacturing complex in Racine County, has expressed interest in encouraging initiatives — smart cities, self-driving vehicles — that hold potential for using the ultra-high-definition display panels the plant will produce here.
The goal of the “Smart Cities, Smart Future” competition is to tap talent at public and private universities and colleges. It will award prizes, financial awards and technical support in addition to a platform to encourage investments that bring the ideas to life.
More details will be announced during a Smart Futures Summit at the University of Wisconsin-Parkside on Aug 7. The university hosted Thursday’s rollout event. Read the full story here.