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NITI Aayog’s AIM & Australia’s CSIRO Launched India–Australia Circular Economy Hackathon (I-ACE)

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AIM Launches India–Australia Circular Economy Hackathon(I-ACE)On October 26, 2020, Ramanan Ramanathan, Mission Director Atal Innovation Mission (AIM) and Additional Secretary NITI (National Institution for Transforming India) Aayog launched ‘India–Australia Circular Economy Hackathon (I-ACE)’ which will be organized by NITI Aayog’s AIM on December 7-8, 2020 in association with Australia’s national science agency, Commonwealth Scientific and Industrial Research Organisation (CSIRO).

  • It has been launched on the lines of the virtual summit between the Prime Minister (PM) of India Narendra Modi and Australian PM Scott John Morrison held on June 4th, 2020.
  • The focus of I-ACE is on the identification and development of innovative technology solutions by bright-minded students, startups and Micro, Small and Medium Enterprises (MSMEs) of both nations to address the circular economy challenge.

Four key themes for the Hackathon:

  • 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

Hackathon Process:

–Interested candidates can apply via by November 6, 2020.

–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 December 11, 2020.

–The winning Indian student and startup/MSME teams will be awarded a prize of Rs 2 lakh and Rs 5 lakh, respectively along 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.

Recent Related News:

i.Amitabh Kant, Chief Executive Officer (CEO) NITI Aayog and Ramesh Chand, Member NITI Aayog launched “Performance and Monitoring Dashboard” ( which was developed under Centre for Excellence for Data Analytics (CEDA) for evaluating the tribal data.

ii.NITI Aayog’s AIM has partnered with Freshworks Inc., a customer-engagement software company to provide robust support to innovators and entrepreneurs in India.

About Australia:
Capital– Canberra
Currency– Australian dollar