Union Minister for Electronics and Information Technology and Communications, Ravi Shankar Prasad on Tuesday launched a ‘Swadeshi Microprocessor Challenge’ as part of the government’s vision to become an “Atmanirbhar” and give a push to the startup, innovation, and research.
“Swadeshi Microprocessor Challenge- Innovate Solutions for #Aatmanirbhar Bharat seeks to invite innovators, startups, and students to use these microprocessors to develop various technology products…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,” an official statement said.
The government will offer economic support of ₹4.30 crore at various stages of the challenge for developing the hardware prototype, and incubating a startup will be provided.
100 semi-finalists will get a chance to win a total of ₹1 crore. 25 finalists will win a total ₹1 crore. In contrast, the top 10 teams entering the finale will get the seed fund of total ₹2.3 crore and one-year incubation support.