Ravi Shankar Prasad, Union Minister of Electronics and Information Technology has announced a “Swadeshi Microprocessor Challenge” to realise the ambition of self-reliance and a momentous stride towards “Atmanirbhar Bharat”.
The products will be used from IIT Madras and CDAC for this challenge. “Swadeshi Microprocessor Challenge- Innovate Solutions for Aatmanirbhar Bharat” invite innovators, startups and students to use these microprocessors to develop various technology products.
The Challenge will be going for ten months, the registration process has been started and challenge will culminate in June 2021, with an opportunity for 100 semi-finalists to win total Rs 1 crore of the award, 25 finalists to win total Rs 1 crore of the prize and top 10 teams entering the finale, will get the seed fund of total Rs 2.30 crore and 12 months incubation support.
Above all, participants will get an opportunity to translate their innovations around Swadeshi Processors, showcase them at a higher viewership platform and facilitate them to scale from ideation to marketplace, thereby standing a chance to contribute to the overall mission of #AtmaNirbharta of government, it said.
As one of the concrete steps towards realising the ambition of self-reliance and a momentous stride towards “Atmanirbhar Bharat”, this initiative is aimed at not only meeting India’s future requirements of strategic and industrial sectors but also has the potential to mitigate the issues of security, licensing, technology obsolescence and most crucially cutting dependency on imports, MeitY said.