India's Gridlock Hackathon aims to find solutions to the congested roads that cost the economy billions of dollars.
Although the prize totals just $5,500, the contest is attracting major international technology companies, as well as local startups.
The online contest is crowdsourcing solutions for Bangalore, India, which is struggling with inadequate roads, unprecedented growth, and overpopulation.
The ideas put forth at the hackathon include using artificial intelligence and big data on traffic flows, as well as true moonshots, such as flying cars.
The contest has drawn more than 1,000 teams, including those from Seattle, WA, Atlanta, GA, and Dubai, United Arab Emirates.
The Gridlock Hackathon is the type of contest Indian cities desperately need, according to Biocon chairman Kiran Mazumdar-Shaw. "Only innovative thinkers can come up with technology solutions for the problems that plague cities nationwide," she says.
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