Amazon India has introduced the Smbhav Hackathon 2024, a competition designed to encourage AI and technology innovations for small and medium businesses in e-commerce. It aims to address challenges faced by SMBs and offers significant rewards, including a visit to Amazon’s Seattle headquarters and cash prizes.
On Monday, Amazon India announced the launch of the Smbhav Hackathon 2024, aimed at fostering technological advancements and artificial intelligence solutions tailored for small and medium businesses (SMBs) in the e-commerce sector. This hackathon precedes the fifth edition of Amazon Smbhav 2024, the company’s premier annual summit in India. In partnership with notable organizations such as Startup India, the Department for Promotion of Industry and Internal Trade (DPIIT), and the National Innovation Foundation (NIF) along with its Incubation and Entrepreneurship Council, Amazon aims to spark innovation that will significantly impact SMBs in the fast-evolving digital landscape. During the hackathon, participants will tackle various challenges ranging from the effective use of social media for product marketing, enhancing multi-channel fulfillment processes, facilitating cross-border commerce, and developing sustainable solutions for e-commerce. The three leading teams will have the chance to visit Amazon’s headquarters in Seattle, receive various cash prizes totaling up to INR 10 lakh, and benefit from mentorship and networking opportunities. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, commented on the collaboration by stating, “The Amazon Smbhav Hackathon presents a transformative opportunity for grassroots innovators, students, entrepreneurs, professionals, and SMBs across India to unleash their creativity and shape the future of e-commerce.” The application process for the hackathon commences on October 14, with the deadline for submissions set for November 14. Selected ideas will be announced on November 18, followed by a prototype submission deadline of November 24, and virtual Demo Days scheduled for December 5-6. The results will be revealed during the Amazon Smbhav 2024 event on December 10.
The Smbhav Hackathon is part of Amazon India’s broader initiative to empower small and medium enterprises (SMEs) through technology and innovation. This initiative reflects the company’s commitment to supporting the digital transformation of businesses in India, ensuring they remain competitive in an increasingly globalized market. By collaborating with government entities and organizations that promote entrepreneurship, Amazon aims to harness the potential of emerging technologies and fuel economic growth within the SMB sector.
In summary, the Smbhav Hackathon 2024 is a strategic initiative by Amazon India to drive technological innovation for small and medium businesses within the e-commerce realm. Through collaboration with key industry stakeholders, the hackathon fosters creativity and offers considerable rewards for participants while addressing critical challenges faced by SMBs in today’s digital environment. This initiative not only promotes entrepreneurship but also enhances the economic landscape for SMBs in India.
Original Source: www.business-standard.com
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