: Atal Innovation Mission to organize Hackathon on Circular Economy on 78 Dec #FinanceIndia #StockMarketNEWS Atal Innovation Mission to organize Hackathon on Circular Economy on 7-8 Dec New Delhi, Oct

@StockMarketNEWS Wed 28 Oct, 2020

Posted in: #FinanceIndia #StockMarketNEWS

Atal Innovation Mission to organize Hackathon on Circular Economy on 78 Dec #FinanceIndia #StockMarketNEWS
Atal Innovation Mission to organize Hackathon on Circular Economy on 7-8 Dec New Delhi, Oct 27 (KNN) To explore innovative technologies to drive innovation and create environmental benefits, Atal Innovation Mission (AIM) in association with Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) is going to organize a two-day hackathon ‘India–Australia Circular Economy Hackathon (I-ACE)’ on 7 and 8 December.

The idea of I-ACE was conceived during a virtual summit on 4 June between the Indian and Australian prime ministers.

I-ACE will focus on identification and development of innovative technology solutions by bright-minded students, startups and MSMEs of both nations.

The four key themes for the hackathon are namely; innovation in packaging reducing packaging waste, innovation in food supply chains avoiding waste, creating opportunities for plastic waste reduction and recycling critical energy metals and e-waste.

Shortlisted students and startups/MSMEs will be called for the hackathon, where two winners (one student and one startup/MSME) per theme from each country will be announced at an award ceremony on 11 December.

Launching the hackathon, AIM Mission Director and NITI Aayog Additional Secretary R. Ramanan said, ‘We are looking at how we can address the circular economy challenge, which can create possible solutions for not only eliminating waste but also for reusing waste. ’

CSIRO Chief of Division of Land and Water Dr Paul Bertsch, said, ‘India and Australia have had a strong and productive bilateral partnership since a decade and our collaborations across a broad range of areas have yielded significant results. ’

He also highlighted that by coming together, India and Australia can align research and developmental efforts to achieve more at a challenging time in the history of mankind.

Concurring with Dr Paul Bertsch, Dr Heinz Schandl, at CSIRO Senior Science Leader of Land and Water, said, ‘In the long run a circular economy model will provide more jobs and higher economic growth. It will also reduce cost, drive innovation and have significant environmental benefits. ’

Highlighting the importance of combining Australia’s Research and Development base with India’s scale and record of frugal innovations, NITI Aayog CEO Amitabh Kant said, ‘The need of the hour is to adopt a disruptive way of doing things, which is based on sustainability and moving towards a circular economy.

The winning Indian student and startup/MSME teams will be awarded a prize of Rs 2 lakh and Rs 5 lakh, respectively, coupled with post-hackathon product development opportunities.