The competition is open to all students and there is no registration fee for the competition. You have to just go to the competition venue you are interested to participate in and and apply for the competition. For example, if you are interested in the competition in Bangalore (India), you will have to apply for the following competition:
Once you apply, you will get the license details from us so that you can install MATLAB, Simulink and related products on your system.
You do not have to buy any hardware too. If you get shortlisted for Round 2 of the competition, MathWorks will provide you with Minidrone to deploy your algorithm.
I hope this helps.