The winners of the Cyber Security Grand Challenge will be felicitated by the Union minister for electronics and IT Ashwini Vaishnaw and Union Minister of State for Electronics & IT, Skill Development and Entrepreneurship Rajeev Chandrasekhar today.

Cyber Security Grand Challenge is the first of its kind cyber security challenge to promote innovation and entrepreneurship in the country.

The winner of the Cyber Security Grand Challenge is entitled for a prize money of INR One Crore while the 1st runner-up and 2nd runner-up will win INR 60 lakh and INR 40 lakh respectively.

A unique feature of this challenge is that the IPR of the product being developed as part of the challenge will be owned by the respective start-up.

The Cyber Security Grand Challenge was launched by the MeitY in collaboration with the Data Security Council of India as a way to promote innovation and to motivate the growth and expansion of Indian cyber security products.