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India’s AIM & Australia inaugurated India-Australia Circular Economy (I-ACE) Hackathon, 2021

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India-Australia Circular Economy (I-ACE) Hackathon, 2021

The India-Australia Circular Economy (I-ACE) Hackathon, 2021 was inaugurated virtually on February 11, 2021 by the NITI Aayog’s Atal Innovation Mission in collaboration with Australia’s Commonwealth Scientific and Industrial Research Organisation (CISRO).

  • Under this, 80 selected applicants consisting of students and startups of both the nations will work together on innovative ways of boosting Circular Economy in priority themes.
  • I-ACE is supported by the Australian Department of Industry, Science, Energy and Resources (DISER), AIM Atal Incubation Centre network, and various domain experts.

Aim:

To accelerate the development of young and promising students and startups/MSMEs working towards the creation of a sustainable future.

I-ACE Themes:

  • Innovation in packaging reducing packaging waste
  • Innovation in food supply chains avoiding waste
  • Creating opportunities for plastics waste reduction
  • Recycling critical energy metals and e-waste

Key Points:

–The total prize pool for the I-ACE Hackathon is around fifty-six lakh rupees altogether. ——The winners will be felicitated in presence of key Government dignitaries from both the countries.

–The prize money for students is 2 lakh Rupees and for Startups/MSMEs are 5 Lakhs Rupees.

–AIM and CSIRO are committed towards enabling the youth of their countries to further strengthen the circular economy in both India and Australia.

–Each team can consist of minimum 2 members to maximum 5 members compulsorily from the same entity/institute as mentioned in the application form.

Background:

This  Hackathon is being organized on the lines of virtual bilateral summit between the Hon. Prime Minister of India and the Hon. Prime Minister of Australia, held on June 4th, 2020 where they committed to joint circular economy innovation initiatives between the two countries.

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About Commonwealth Scientific and Industrial Research Organisation (CSIRO):

Chief Executive – Larry Marshall
Headquarter– Canberra, Australia