Magyar Telekom is looking for the brightest Hungarian ideas for the international Telekom Innovation Contest, announced February 22. Applicants can submit ideas in five categories: Connected Home, Communication Services, Energy, Virtual Platform, Cloud

Computing. Telekom is providing resources valued at EUR 500,000 to develop the idea into a product or prototype (this includes hardware and software, access to Telekom's extensive infrastructure and global sales and marketing channels).

„Innovation is a priority for Magyar Telekom, searching and supporting new ideas is a constant focus at the company. This contest is a unique opportunity, because we aren't just choosing an idea, we're making an investment in the implementation and

supporting the winners with significant resources in every stage through to a marketable product.”– said Róbert Pataki Róbert, Chief Innovation Officer of Magyar Telekom.

After the preselection , the chosen Hungarian ideas compete in a public event at Kitchen Budapest, innovation and startup incubation lab of Magyar Telekom. The best applicants can participiate in the international pitch in Berlin, where the international

jury will select the winner idea. Magyar Telekom encourages Individuals, students, teams, new startups and employees to apply.

Applicants can submit their ideas online at www.telekom-innovation-contest.com, applications accepted until March 31, 2013.