In a bid to promote innovation and entrepreneurship in the field of cybersecurity startups, the Ministry of Electronics & Information Technology (MeitY) and Data Security Council of India (DSCI) have taken an initiative to award cyber security with Cyber Security Grand Challenge.
A start-up, wining the challenge, will get a cash prize of Rs 3.2 crore for breakthrough work in the space of cyber security. Registrations for the award are currently open and DSCI will be monitoring the Grand Challenge and the whole process will run for nine months through different stages.
Ajay Sawhney, Secretary, MeitY, said, “The Grand Challenge is a first of its kind initiative encouraging cyber security entrepreneurs to innovate and develop solutions for critical cyber security problems and demonstrate capabilities. It is an opportunity to gain mentorship and guidance under the best cyber security experts. Startups will receive intensive mentoring on various aspects such as technology, building global solutions, go to market strategy, etc.”
Rama Vedashree, CEO, DSCI, said, “We are proud to partner with Ministry of Electronics & Information Technology to conceptualize and launch the Cyber Security Grand Challenge which endeavors to solve critical Cyber Security problems and give impetus to innovation and entrepreneurship in the Indian Cyber Security Start-up ecosystem. We had the privilege of working with the Government and Industry to curate compelling problems statements and orchestrate a first-of-its-kind Grand Challenge.”
