New Delhi: Microsoft in association with Nasscom announced three teams of student innovators from India, of which one will compete at the worldwide finals of ‘Imagine Cup´in August at Seoul, Korea for a prize money of $1,70,000 (Rs 76,50,000).
The Imagine Cup is a global contest held by Microsoft to provide student innovators from across the world a platform to showcase their software development skills.
“The award will attempt to unlock the potential which the student community represents,” Microsoft India Developer and Platform Evangalism General Manager Tarun Gulati said.
By felicitating young innovators, the company aims at providing them with a platform that places them face-to-face with industry representatives and venture capitalists who may wish to monetize/commercialize their ideas.
However, the company itself does not promise to include the ideas of these innovators as a part of its own business proposition. “As a company we only provide a platform to these young minds and we are very clear on our business strategy which does not include such activities,” Gulati said.
Over 12,000 students from around 1,000 colleges across India participated in this contest,of which three teams have made it to the finals.
The three winning teams represent IIIT Allahabad, BITS Pilani, Goa Campus and Dhirubhai Ambani Institute of Technology. One out of these will be awarded with a cash prize of Rs 1 lakh and go for the global level competition to be held at Seoul.