On Tuesday, The Ministry of Electronics and IT introduced a Rs. 4.3 crore contest concerning the development of technology products by making use of microprocessors that are created by IIT Madras and CDAC.
Both, Centre for Development of Advanced Computing (CDAC) and IIT Madras have developed two new microprocessors known as VEGA (64 bit) and SHAKTI (32 bit), by drawing on open-source architecture which will be at disposal for the contest.
Ravi Shankar Prasad, Electronics and IT Minister, introduced the ‘Swadeshi Microprocessor Challenge- Innovate Solutions For Aatmanirbhar Bharat’ to give a boost to the strong ecosystem of startups, research and innovation in India, the ministry informed in a statement.
This is the third technology contest that is launched in this fiscal year concerning the development of indigenous technology. The earlier introduced two contests were focused on the development of indigenous video conferencing solutions along with apps in diverse categories.
The statement read: “Swadeshi Microprocessor Challenge- Innovate Solutions for #Aatmanirbhar Bharat aims to invite students, innovators and startups to make use of these newly created microprocessors in order to develop diverse technology products.”
The contest intends to not just meet India’s growing needs for strategic and industrial sectors but even as India has the capacity to mitigate the problems related to security, technology obsolescence, licensing, and most importantly to reduce dependency on imports, the statement further read.
This contest will conclude in June 2021.
The statement even read that 100 semi-finalists will have the opportunity to win a total prize of Rs. 1 crore, 25 of the finalists will win a total of Rs. 1 crore and the top 10 teams entering the finale round will receive seed funds of a total Rs. 2.3 crore and additionally receive 12 months of incubation support.
The statement even read that: “Open to students at all levels and startups, the Challenge demands contestants not only tinker with these Swadeshi Processor IPs and facilitate them with innovating the frugal solutions for societal needs but also make available the entire home-grown ecosystem around Swadeshi Processors to develop the complex designs for catering to both global and domestic requirements in near future.”