MeitY Launches ‘Cyber Security Grand Challenge 2.0’ with Rs 6.85 Crore Prize Pool for Developing Innovative Solutions

The initiative focuses on strengthening the nation’s cybersecurity competencies and capability building in key areas paving the way for a more secure digital future. Most notably, Cyber Security Grand Challenge boasts a substantial increase in total prize money of INR 6.85 crores from INR 3.2 crores compared to its first edition, making it one of the most attractive and rewarding cybersecurity challenges in the nation.

Registrations are now open. All information around the challenge and registrations can be found at: https://innovateindia.mygov.in/cyber-security-grand-challenge/

Stages of Cyber Security Grand Challenge 2.0

Cyber Security Grand Challenge 2.0 features an additional stage, the Go-to-Market stage, in addition to three stages namely Idea, Minimum Viable Product (MVP), and Final Product Stage. It expands the scope of recognition by qualifying six startups for each problem statement at the Idea Stage, resulting in a total of 36 startups recognized in the early stage receiving INR 5 lakh each, and 18 startups receiving INR 10 lakh each at the Minimum Viable Product stage.

Throughout the challenge, startups will be provided with technical and business mentorship, helping them mature into successful ventures. At the Final Stage, winners will be declared for each of the 6 problem statements receiving INR 25 lakh each. After the Go-to-Market Stage, which is the final stage of the Grand Challenge, the Platinum Winner will receive a prize of INR 1 crore whereas Gold Winner and Silver Winner will receive INR 50 lakh and INR 25 lakh respectively.

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Launching the Grand Challenge 2.0, S. Krishnan, Secretary, MeitY, said, “The Cyber Security Grand Challenge 2.0 is a major government-backed initiative with a significant amount of prize money of INR 6.85 crores and a focus on recognizing startups offering innovative cybersecurity solutions.

The problem statements are current and in sync with the latest cybersecurity threat landscape. This initiative will provide mentorship, capability-building and market access, aligning with the goals of Digital India, Atmanirbhar Bharat and Viksit Bharat.

I hope the participants and winners will lead change and bring out home grown innovative security solutions to empower India’s digital journey.”

Abhishek Singh, Additional Secretary, MeitY, said, “We need continuous innovation to combat emerging threats, especially with the advent of new technologies like AI and quantum computing to enhance cyber security capabilities of the nation. We hope that the Cyber Security Grand Challenge 2.0 will serve as a momentum to ideate and innovate cutting-edge solutions.”

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