Ravi Shankar Prasad, Communications and IT minister has launched the ‘Swadeshi Microprocessor Challenge’, inviting students and startups to develop technology products using microprocessors developed by the government in partnership with IIT Madras.
As per a press statement issued by the government, IIT Madras and government’s Center for Development of Advance Computing (CDAC) have jointly developed two microprocessors named SHAKTI (32 bit) and VEGA (64 bit) respectively using Open Source Architecture under the aegis of Microprocessor Development Programme of Ministry of Electronics and IT (Meity).
Meity is offering financial support to the tune of Rs 4.30 crores at various stages of the Challenge for developing the hardware prototype and incubating a start-up along with expert guidance. The 10-month challenge will be available for registration from August 18 via the MyGov Portal.
The ministry notified that through this challenge, 100 semi-finalists have an opportunity to win a total Rs 1 crore, 25 finalists to win a total of Rs 1 crore and top 10 teams entering the finale, will get the seed fund of total Rs 2.30 crore and 12 months incubation support.
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