Singapore India Hackathon 2023

FINTECH and SUSTAINABILITY & ESG

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#singaporeindiahackathon #sih2023 #fintech #esg #sih

Important Timelines
  • Registration Open

  • Proposal Submission Deadline

  • Shortlist Announcement

  • Solution Upload Deadline

  • Demo Day

All timings are as per (GMT +8:00) Singapore, Beijing, Perth, Hong Kong
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About Us

History: The first Singapore India Hackathon (SIH) was launched in Singapore by the Prime Minister of India Shri Narendra Modi and the Prime Minister of Singapore Mr Lee Hsien Loong in 2018 to harness and show case the innovation potential of youth of the two countries. SIH continued in 2019 in India hosted by IIT Madras, conducted by Nanyang Technological University (NTU) and All India Council for Technical Education (AICTE).

Singapore India Hackathon 2023: After a gap due to COVID, SIH 2023 shall be held in India as part of the G20. It is a special initiative of Singapore to support in further building goodwill and bilateral education cooperation in innovation and entrepreneurship between start-ups and students in both nations. It would take place in Gandhinagar, Gujarat on the side lines of the G20 Finance Minister's meeting to be held from 3-4 August. SIH 2023 would seek to advance the model of the Singapore and NTU’s triple helix framework of government, industry, academic partnership.

Singapore India Hackathon Themes: The two key themes for SIH 2023 are Fintech and Sustainability & ESG.

Singapore India Hackathon Objective: The Hackathon offers a unique opportunity for Singapore and India to forward their economic development through collaboration in education, science & technology, and exchange of thoughtful leadership. Working and collaborating on projects involving varied skilled individuals helps develop cross country bonds and learn from each other’s strengths as well as get acquainted with each other’s culture, values and work ethics.

Problem Statements

The Hackathon has two tracks: Student and Startup

STUDENT TRACK: Singapore and India with identify 24 students each through their respective national challenges. For Singapore, NTUitive shall conduct the challenge and for India, All India Council for Technical Education (AICTE) shall conduct the challenge. These final 48 students shall be paired up in 12 teams comprising 4 students – 2 each from Singapore and India. These student teams shall compete for 4 problem statements in Fintech and ESG. Top 3 winning teams showcase their products to select dignitaries in the grand finale in Gandhinagar.

START-UP TRACK: Startups shall submit their proposals to the problem statements. 24 finalists shall work on the solution. Top 4 winners showcase their products to select dignitaries in the grand finale in Gandhinagar, Gujrat, India.

Financial Fraud Detection

Financial fraud and misconduct are one of the biggest issues in safety and soundness of the Financial Sector.

Financial Fraud and misconduct are one of the biggest issues in safety and soundness of the Financial  Sector. Financial institutions have expensive and onerous processes to verify transactions for potential insider trading. How can we  better recognise patterns of fraudulent behaviour to automatically flag potential insider trades?

Financial inclusion and credit offering

Financial inclusion and credit offering is challenging, especially in markets where there is poor or limited information about a customer’s credit worthiness. 

Financial inclusion and credit offering is challenging, especially in markets where there is poor or limited information about a customer’s credit worthiness. How can we enable institutions to offer banking solutions, based on alternative credit scoring, to people that do not currently have access to basic financial services?

Low cost and safe disinfection systems for drinking water

It has been estimated the approximately 1 in 10 people do not have access to clean drinking water.

It has been estimated the approximately 1 in 10 people do not have access to clean drinking water. There are many factors that lead to inaccessibility to clean and reliable water. The paramount treatment for water to ensure human safety is disinfection. The majority of the world uses chlorine for disinfection;
however, there are unhealth by-products from chlorine and handling as a
compressed gas can by hazardous. The world needs cost-effective and safe
solutions to disinfect water.

Resource recovery and sustainable disposal of wastewater biosolids

Conventional wastewater treatment plants (WWTPs) general enormous amounts of biosolids (aka sludge).

Conventional wastewater treatment plants (WWTPs) general enormous amounts of biosolids (aka sludge). This sludge is rich in phosphorus, nitrogen, and organic carbon; however, it also may contain pathogens, heavy metals, and bio-accumulative organic chemicals.  Moreover, these biosolids are difficult to dry and moisture content makes them heavy and thus expensive to move.

Hence, means to find beneficial use of this waste stream are critical.  The organic carbon entrained within the biosolids is a potential source of energy.  Nutrients could be used for agriculture.  There is value to be found in this waste stream.

Responsible Consumption and Production of Lithium-Ion Batteries for Electric Mobility

Battery demand is expected to grow exponentially for decades, due to a growing number of Electric Vehicle (EVs).

Battery demand is expected to grow exponentially for decades, due to a growing number of Electric Vehicle (EVs).

Taking into consideration the lifespan for these lithium ion batteries as well as the toxic materials used to manufacture batteries, it would be essential to have efficient solutions to recycle these batteries to support the global transition to electric mobility. This would also mitigate the impact to the environment due to finite amount of resources that can be mined from Earth.

Solution Needed: Novel processes for the sorting, dismantling, recovery and recycling of resources in batteries. These include energy saving, eco-friendly and effective recycling solutions.

Sustainable Cities and Communities with better understanding and monitoring of carbon emissions to reduce carbon footprint.

Most consumers are not aware of their carbon footprint in their daily consumption habits.

Most consumers are not aware of their carbon footprint in their daily consumption habits. As a result of this lack of awareness and education, there is a general impression that this is not my problem and that there is nothing should do or change in their daily habits to reduce carbon footprint. For example, most consumers don't know that the fashion industry produces about 10% of carbon emissions, which is more than the maritime and international flights combined.
Solution Needed: A solution is needed to help consumers be better educated about carbon emission and what are the major contributors to rising carbon footprint in the world. The solution would not only educate, but possibly incorporate gamification elements to encourage consumers to reduce their carbon footprint.

Sustainable Cities and Communities with Optimal Energy Consumption

HVAC (heating, Ventilation and Airconditioning) systems consume a large share of the total energy used in buildings. Maintaining optimal operational efficiency in air conditioning systems is a one of the biggest challenges

HVAC (heating, Ventilation and Airconditioning) systems consume a large share of the total energy used in buildings. Maintaining optimal operational efficiency in air conditioning systems is a one of the biggest challenges.

Hence, technologies and solutions to improve energy efficiency, reduce energy consumption and carbon footprint of smart green buildings would be essential to ensure sustainability of our environment.

Solution Needed: Solution to be able to demonstrate reduction in energy consumption, and to be able to remotely measure and track usage pattern real-time. It would also have the ability to provide feedback for anomalies, if needed. Ideally the solution would allow ease of implementation and maintenance.

Prize

Winners will be awarded Cash Prizes

Cash awards are as below

Host
Winner
SGD 20,000
Host
First Runners up
SGD 15,000
Host
Second Runners up

SGD 10,000

Eligibility

Student Track: Any students studying in India or Singapore Institute of Higher Learning

Startup Track: Any startup registered in India or Singapore

FAQ

Who can apply?

Student Track: Any students studying in India or Singapore Institute of Higher Learning. Startup Track: Any startup globally

Can I apply in both student and startup track?

You must apply only in one track

Is there a registration fee?

No, there is no registration fee.

How many problem statements can I apply for?

You must apply to only one problem statement

Can I submit multiple entries?

No, you must send only one entry.

Do I need to be a registered company to apply under startup track?

Yes, your startup must be registered.

Do I need to submit a solution after being shortlisted?

Yes, the shortlisted entities need to submit a working solution which would be evaluated to decide the winners.

How much is the prize money?

Student Track: Winner: 6,000, First Runner up: 4,000, Second Runner up: 2,000. Startup Track: Winner: 20,000, First Runner up: 15,000, Second Runner up: 10,000.

Will the information shared be kept confidential?

Information provided will be shared only on a need-to-know basis within the relevant event and evaluation teams. The information provided will be retained post the program for audit purposes.

Can I request for re-evaluation in case I am not satisfied with the Judges' decision?

No. You cannot request for re-evaluation. The decision of the judges shall be final and binding.

Contact

For Singapore India Hackathon 2023 related queries, please reach out to

For technical queries during registration or proposal submission process, please reach out to