SEBI works on creating pool of ideas and innovations
Nearly 400 registrations have been received in less than a month for Manthan, a 6-week long Ideathon by SEBI in association with BSE, NSE, NSDL, CDSL, KFintech, CAMS, Link Intime and MCX to promote innovation in the securities market.
SEBI, in association with market infrastructure institutions and QRTAs, had announced Manthan at the end of March 2022, for creating a pool of ideas and innovative solutions revolving around the securities market.
The Ideathon, which will be judged on the basis of the originality of the idea, viability, functionality and impact, is open for entries till 14 May 2022, SEBI said on 3 May 2022.
Anyone over 16 years of age- students, start-up founders, professionals from any field can participate by submitting their ideas at https://manthan.devfolio.co.
Winners will be tentatively announced on 7 June. The 1st prize winner will receive a cash prize of Rs.100,000 and total cash prize of Rs.500,000 is up for grab.
SEBI has also announced the Panel of Judges for the event which include Jayanta Jash, CGM SEBI; Ruchi Chojer, CGM, SEBI; Aliasgar Mithwani, CGM, SEBI; Avneesh Pandey, CGM, SEBI; Sharad Sharma, Co-founder iSPIRIT; Rajesh Doshi, Ex-ED NSDL; Nikhil Agarwal, CEO-IIT Kanpur Startup Incubator; Nayana Ovalekar, Chief Regulatory Officer, CDSL; Samar Banwat, Executive Director, NSDL; Rishi Nathany, Head-business Development and Marketing, MCX; Hari K, CBO, NSE and Kersi Tavadia, CIO, BSE.
As part of Manthan, a series of Knowledge sharing workshops are being held on the virtual platform. The third in the series was held on 30 April 2022 that included a Fire-side chat between Nandan Nilekani, Co-Founder and Chairman of Infosys Technologies Limited and Suresh Sethi, MD and Chairman, Protean eGov Technologies Ltd (Formerly NSDLeGov) on the topic of “How Giving Control of Data to Citizens will Unleash the next wave of growth in the Securities Industry”.
Discussions were also held by Sharad Sharma, Co-Founder of iSPIRIT on “The next decade will witness higher economic impact of digital data”, and Janjri Jasani, Deputy Director, CERE, speaking on Climate Action for Businesses.
Manthan will facilitate the creation of a pool of ideas and innovative solutions revolving around the securities market, said SEBI.
Going forward, workable ideas emanating from Manthan may translate into possibilities and prototypes through a Hackathon. fiinews.com
