India Australian Circular Economy Hackathon (I-ACE) 2020 | UPSC

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India Australian Circular Economy Hackathon (I-ACE) 2020

India Australian Circular Economy Hackathon (I-ACE) 2020 | UPSC

      HEADLINES:

AIM Launches India–Australia Circular Economy Hackathon(I-ACE), with Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO)

      WHY IN NEWS:

Hot from PIB !

SYLLABUS COVERED: GS 3: Hackathon : Science and Technology : Recent Developments

      LEARNING: 

For PRELIMS go through aim , focus , themes and its importance.

For MAINS go through the significance and Windup . Let us dive in !

      ISSUE: 

INDIA AUSTRALIAN CIRCULAR ECONOMY HACKATHON (I-ACE)

India Australian Circular Economy Hackathon (I-ACE) 2020

  • I-ACE is a two-day event held simultaneously across Australia and India.
  • It is open to university students, SMEs and start-ups in Australia and India.
  • Throughout this hackathon, teams will select an idea to develop, justify, and present as a solution in response to a theme.

It provides a virtual forum for participants to learn, engage with like-minded individuals and create new ideas that will help us rethink materials and waste.

  • Projects can take the form of an app, digital art, a website, a game, 3D models, graphic designs, academic research, or any other medium which can be tested and innovated upon.

AIM

  • India-Australia will enable the students and startups/MSMEs of both the nations in fostering innovative solutions for the development of a circular economy across the food system value chain .

The aim of increasing the long-term health and resilience of our planet, through innovative technology solutions.

  • I-ACE aims to accelerate the development of young and promising students and startups/MSMEs working towards the creation of a sustainable future.

WHAT IS CIRCULAR ECONOMY?

  • The current economic model of take-make-dispose requires large amounts of primary materials, currently around 90 billion tonnes a year globally.
  • It results in growing waste flows, emissions and adverse environmental impacts.
  • Transitioning to a circular economy has been identified as a major commercial opportunity.

It allows to add value to materials multiple times.

  • It creates new industries and jobs, reduces waste and emissions and increases the efficiency of natural resource use.

ORGANISERS

India Australia Circular Economy Hackathon (I-ACE) is jointly being organized by :
  • Atal Innovation Mission , NITI Aayog, Government of India
  • Commonwealth Scientific and Industrial Research Organisation (CSIRO).

India Australian Circular Economy Hackathon (I-ACE) 2020

TIMELINE

  • AIM (Atal Innovation Mission), in association with CSIRO, is organizing a two-day hackathon on circular economy.

‘India–Australia Circular Economy Hackathon (I-ACE)’ will be on 7 and 8 December.

  • The idea of I-ACE was conceived during a virtual summit on 4 June, exploring innovative ways to boost circular economy in India and Australia.

FOCUS

I-ACE will focus on identification and development of innovative technology solutions by bright-minded students, startups and MSMEs of both nations.

THEME

The four key themes for the hackathon are as follows:

  1. Innovation in packaging reducing packaging waste
  2. Innovation in food supply chains avoiding waste
  3. Creating opportunities for plastic waste reduction
  4. Recycling critical energy metals and e-waste

Circular Economy Hackathon (I-ACE) 2020

ELIGIBILITY CRITERIA

Each team can consist of minimum 2 members to maximum 5 members compulsorily from the same entity/institute .
 

The following entities are eligible to apply for India Australia Circular Economy Hackathon (I-ACE):

  1. Students currently pursuing Bachelors, Masters and Doctorate course from Higher Education Institutions (HEIs) of India
  2. Entity recognized as Startup under Startup India scheme by Department for Promotion of Industry and Internal Trade (DPIIT)
  3. Entities recognized as Micro Small and Medium Enterprises having Udyam Registration number by Ministry of Micro, Small & Medium Enterprises.

SIGNIFICANCE

The hackathon on circular economy challenge, can create possible solutions for not only eliminating waste but also for reusing waste.

  • India and Australia have had a strong and productive bilateral partnership since a decade and our collaborations across a broad range of areas have yielded significant results.
  • India and Australia can align research and developmental efforts to achieve more at a challenging time in the history of mankind.
  • In the long run a circular economy model will provide more jobs and higher economic growth.
  • It will also reduce cost, drive innovation and have significant environmental benefits.

PRIZE

  • Shortlisted students and startups/MSMEs will be called for the hackathon.
  • Here two winners (one student and one startup/MSME) per theme from each country will be announced at an award ceremony on 11 December.

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

  • It will be coupled 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.

I ACE Prize

      IASbhai WINDUP: 

DEAR ASPIRANT, LET US CONTRIBUTE ! WHY ?

  • You can engage with leading experts in Circular Economy.
  • You can participate in Master classes with Indian and Australian experts.
  • Pitch your idea to win part of a $52,000 prize pool
  • Connect with like-minded peers and mentors

This is a very important initiative to make our economy less resource intensive and ensure our economic growth is ecologically compatible.

The need of the hour is to adopt a disruptive way of doing things, which is based on sustainability and moving towards a circular economy.

     SOURCES:PIB | India Australian Circular Economy Hackathon (I-ACE) 2020 | UPSC

 

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