There are prizes worth $50,000 in cash and non-cash rewards for winners of the “AI 4 All Global Hackathon” launched by Indian government think tank, NITI Aayog.

For this Artificial Intelligence hackathon, NITI Aayog has tied up with a Singapore-based AI startup, Perlin, for conducting the hackathon.

NITI Aayog has invited developers, students, startups, and companies to participate in the hackathon. The initiative is aligned with the government’s future plans of nurturing the AI ecosystem in the country. NITI Aayog believes that AI applications can have significant impact on social and economic development of India.

AI 4 All Global Hackathon

The primary objective behind the hackathon is to create innovative solutions in distributed computing and privacy preserving techniques like multi-party computation. The government think-tank wants to promote awareness and develop solutions that deliver the twin benefits of efficient computing. The expected products from the hackathon will aim to address the infrastructure challenges while not compromising on data privacy while creating AI algorithms.

According to Amitabh Kant, the CEO of NITI Aayog, India is ideally positioned as the thought-leader, its regional economic power will help in bringing the benefits of innovation in AI to communities around the world. The government think-tank has been conducting similar hackathons all over the world.

The hackathon will be organized in two stages. The first stage will end on January 15, 2019. Stage two will only include shortlisted participants, which will conclude on March 15, 2019. The jury members include global industry leaders and policymakers.

The winners will share a prize pool worth of $50,000 in cash and non-cash rewards. The first three winners will also get cloud credits from Perlin.

Why Hackathons can boost innovation

Hackathons are often used by businesses to address a wide range of challenges which cannot be solved through conventional mediums. One such major challenge that hackathons address is finding talent in emerging IT skills like artificial intelligence and data science.

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