New Delhi, 19 December (HS): Prime Minister Narendra Modi expressed his eagerness to engage with participants during the grand finale of the Smart India Hackathon 2023, scheduled for December 19 to 23. Taking to social media, PM Modi shared his excitement, stating, “I am happy to know more about the record innovations being made by our youth, the results of which will significantly enhance India’s progress journey.”
The Prime Minister urged individuals to join the program and extend their support to the nation’s youth, emphasizing the transformative impact of their ideas on India’s development. The grand finale of SIH 2023 has garnered overwhelming participation, with over 50,000 ideas submitted by 44,000 teams, reflecting a remarkable seven-fold increase compared to the inaugural event.
During the grand finale, which will take place at 48 nodal centers nationwide, more than 12,000 participants and over 2,500 mentors will converge to address 231 problem statements. These problem statements, covering themes such as space technology, smart education, disaster management, robotics and drones, heritage, and culture, have been posted by 25 Central Ministries and 51 Departments of State Governments.
The Smart India Hackathon aims to provide innovative solutions to real-world challenges, fostering creativity and problem-solving skills among the youth. The total prize fund for SIH 2023 exceeds Rs 2 crore, with each winning team set to receive a cash prize of Rs 1 lakh per problem statement.
Prime Minister Narendra Modi will engage with participants via video conferencing, offering insights and encouragement to the innovative minds contributing to the event’s success. The Smart India Hackathon serves as a platform for harnessing the potential of India’s youth in driving technological advancements and contributing to the nation’s progress.
Impact on MSMEs and Businesses: The Smart India Hackathon can have a positive impact on the tech and innovation ecosystem, potentially leading to the development of solutions that address real-world challenges. The participation of a diverse range of teams and mentors, along with the government’s focus on fostering innovation, creates opportunities for collaboration and the emergence of innovative ideas that could benefit businesses, including those in the MSME sector, by addressing pressing issues in various domains.