Mumbai is poised to lead the next wave of Gen AI innovation as the Tech Entrepreneurs Association of Mumbai (TEAM) and Made in Mumbai, in partnership with NVIDIA, Meta, Quantiphi and ATLAS SkillTech University, is set to host India’s largest Gen AI Hackathon - 'MumbaiHacks'. The event will be held at ATLAS SkillTech University in BKC, Mumbai, on October 25 and 26, 2024. Building on the excitement, Mumbai will host a landmark AI Week this month, starting with NVIDIA's flagship AI Summit-one of just three global conferences, alongside Washington D.C. and Japan-followed by the eagerly awaited ‘MumbaiHacks’.
Marking its two years of operations, TEAM has consistently pushed boundaries in positioning Mumbai as a global tech hub, and ‘MumbaiHacks’ will significantly reinstate the efforts. TEAM is committed to democratizing the advancement of Gen AI innovation, by bringing together not only engineers and developers but also key stakeholders from policy, politics, civil society, law, non-profits, business, the creative arts, film, and journalism to ensure a holistic approach to AI innovation that is informed by a broad range of perspectives, to drive solutions that are both impactful and far-reaching.
In its third edition, ‘MumbaiHacks’ continues to elevate the city’s tech dominance, growing in scale and impact with each passing year. This year, the hackathon debuts an enhanced and elevated format, with a distinguished jury of industry leaders including Siddharth Roy Kapur, Founder & MD, Roy Kapur Films; Faye Dsouza, Journalist; Aakrit Vaish, Advisor, IndiaAI; Naiyya Saggi, Co-Founder, Good Glamm Group; Vivek Khemani, Co-Founder, Quantiphi; Aakash Kumar, MD, Z47; Sumeet Mehta, Co-Founder, LEAD School;; Sameer Nath, CIO & Head, 360 ONE AMC; Deepti Shibad, Director, Crisil; Sanjiv Bhatia, President & Head, New Economy Group, Axis Bank; Raj Aradhyula, CDO, Fractal; Abhishek Ravi, CIO, Dream Sports; Harshjit Sethi, MD, Peak XV & Priti Rathi Gupta, Co-Founder, Lxme.
MumbaiHacks will challenge developers to innovate with purpose, focusing on four key tracks that reflect the most impactful opportunities in AI-driven transformation:
Social Good: economic development, science & innovation, public services & education & skills
Finance: fintech, investments, banking & wallets
Entertainment: art, games, movies & AR/VR
Saas: platform, productivity, marketing & CRM
Some of the leading generative AI companies that are members of the Tech Entrepreneurs Association of Mumbai (TEAM) include Haptik, Fractal, Invideo, Gupshup, Quantiphi, Pepper Content, Consumr.ai, Netcore, Neysa Networks, CleverTap, Sifthub and Babblebots.AI, among others. These innovators are shaping Mumbai’s reputation as a key hub in the global AI landscape, driving advancements across conversational AI, content creation, data analytics, and automation.
Talking about the milestone initiative in the city, Shiv Sena UBT leader and former Maharashtra cabinet minister, Aaditya Thackeray earlier tweeted, “It’s incredible to witness one of the world’s biggest hackathons unfold right here in Mumbai. The fusion of innovation, creativity and technology has the potential to shape the future in ways we can’t yet imagine.”
According to an EY report, Gen AI could boost India's GDP by $359-438 billion by 2030, representing a 5.9-7.2% increase. Over seven years, the cumulative impact could reach $1.2-1.5 trillion, adding 0.9-1.1% to annual growth. The impact will vary across sectors, with business services, finance, transportation, education, retail, and healthcare expected to benefit most. Projected to become the third-largest economy by 2027, India’s path to a $26 trillion future hinges on General AI.
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