- AIM (Atal Innovation Mission), in association with CSIRO, is organizing a two-day hackathon on the circular economy, ‘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, exploring innovative ways to boost the circular economy in India and Australia.
- I-ACE will focus on the 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 as follows:
- Innovation in packaging reducing packaging waste
- Innovation in food supply chains avoiding waste
- Creating opportunities for plastic waste reduction
- 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.
- 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. The winning Australian student will be awarded a prize of AUD$3500 and the winning Australian SMEs/startup team a prize of AUD$9500.
Source: PIB
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