Srinagar, Nov 23: Central Depository Services (India) Limited, Asia’s first listed depository and custodian of more than 16.7 crore demat accounts, has announced its first Ideathon, an innovation challenge aimed at students across the country. Titled the Reimagine Ideathon, the initiative is part of the third edition of CDSL’s Annual Reimagine Symposium.
A statement said that the Ideathon seeks to involve young innovators in developing solutions that can reshape how India learns about financial markets, invests, and participates in the nation’s economic growth. By drawing on fresh ideas, CDSL aims to make market participation more responsible, accessible, and inclusive.
CDSL Managing Director and CEO Nehal Vora said the Ideathon is a step towards cultivating responsible innovation and strengthening the foundations of an Atmanirbhar Bharat. He said technology has emerged as a catalyst that builds trust and equips investors with the tools they need to make informed decisions, adding that an educated investor is a protected investor.
The Ideathon offers a prize pool of Rs 11.5 lakh, with Rs 5 lakh for the winning entry, Rs 3 lakh and Rs 2 lakh for the runners-up, and Rs 75,000 each for the fourth and fifth-placed teams.
