Nanyang Technological University, Singapore (NTU Singapore), together with the Indian Ministry of Education's, All India Council for Technical Education (AICTE), launched the third edition of the Singapore-India Hackathon (SI Hackathon) 2023 on Tuesday, marking its return since the Covid-19 pandemic.
The first SI Hackathon was initiated in 2018 during Indian Prime Minister, Narendra Modi's, visit to Singapore.
The second SI Hackathon was organised at the Indian Institute of Technology Madras in 2019.
The finals of the current hackathon competition will be held in Gandhinagar, Gujarat on the side-lines of the G20 Finance Minister's meeting on August 3 to 4, in partnership with the High Commission of the Republic of Singapore in New Delhi, Monetary Authority of Singapore (MAS), Confederation of Indian Industry (CII), Enterprise Singapore, SGInnovate and NTUitive.
Professor Lam Khin Yong, NTU Vice President (Industry) and Co-Chair for SI Hackathon 2023 said the SI Hackathon 2023 aims to “foster collaboration between students and start-ups from both countries in the areas of fintech, sustainability and ESG (environment, social and governance)”.
200 plus participants
More than 200 participants from both nations will collaborate and work together in teams to develop “impactful solutions for addressing climate change, financial connectivity and inclusion”.
Twenty-four start-ups and 12 student teams from both countries – comprising university and college students and selected through a rigorous screening process – will compete in the final event where prizes will be awarded to the top four winners in each category.
The winning teams will demonstrate their solutions to select global dignitaries in the finale of the hackathon in Gandhinagar.
The winner of the start-up category will also gain an automatic entry into the Singapore Fintech Festival, one of the largest of its kind in the world with awards totalling S$1.5 million.
"The SI Hackathon 2023 will deploy the NTU Singapore triple helix model of bringing together universities, public agencies and industry partners for mentoring students and start-ups to ensure their success," said Prof Lam.
Hackathon participants will have access to cutting-edge technology and resources, including cloud computing platforms, data analytics tools and artificial intelligence frameworks.
Mentors and experts who are highly regarded leaders in their fields from both Singapore and India will provide guidance and support throughout to students and start-ups of SI Hackathon 2023, Prof Lam said.