NASSCOM and Telangana AI Mission Launches Innovation Factory challenge to Identify Innovative AI Solutions to Foster Agricultural Capabilities

•  NASSCOM and Telangana AI Mission(T-AIM) Launches Innovation Factory challenge to Identify Innovative AI Solutions to Foster Agricultural Capabilities
• NASSCOM and T-AIM will assist farmers with creative AI solutions with a vision to launch Telangana as a global hub for Artificial Intelligence and foster social innovation

New Delhi, 15th January 2020: With the intent of sourcing best in class AI solutions in Agritech, NASCOM in collaboration with Telangana AI Mission (T-AIM) has launched an Innovation Factory – series of a grand challenge to identify innovative AI solutions to solve specific used-cases in the field of agriculture.
 
The challenge gives a chance for innovators to assist the Government of Telangana in helping farmers increase their income by working on three selected use-cases. These include precision farming for improving yield; Real-time price discovery and volume management and e-marketplaces and; Farmer lending using farm/output backed credit risk assessment.
 
Innovators will also be able to showcase their AI solution development capabilities at a larger scale and avail an opportunity to implement a pilot within the State of Telangana, with mentorship support from Government of Telangana entities. As a part of the challenge, winner will get a chance to win a prize money of INR 1 Lakh and INR 50,000 for the runner-up, per use-case
 
The contest is open for start-ups, companies and institutions operating within India where one team will be allowed one entry per account. Each team will be given six weeks to work on the use-case where these teams will be judged on three focal criteria’s – approach, technique and results. The last date to register for the challenge is 24th January 2021. Winner will be announced on 30th March 2021.