The point being having students doing things, 464 is good, I mean, to get coders handle only 64K (minus the Video buffer) is really a hard exercice.
The point is also to get small fun games I guess while the students (the ones aimed at by this competition) still have enough time for the rest of their studies...

I mean serious projects like Orion Prime or R-Type remake could take years to be completed...
Really nice to have this running since 3 years.
I really think such experience can really benefit younger coders students.
When you apply for a job in coding, the project manager or any superior would be a 35-40 years old dude that actually started on those 8bit machines and this close to hardware approach is great.
Many jobs in coding are concerning Embedded systems with some very limited hardwares or specifications
My brother is developing some Embedded systems for his job : it has some 32bit cpu but like 128k RAM and 512k Flash only and very very low 1bpp display... basically a 32bit CPC/ZX81... lol... in a 1cm² thing.
he told me he had to take hand on this project after a young dude in professional traineeship... the code was so bad that my brother could reduce the power consumption 10 times because he is an older dude who happened to know the era of the 64k RAM and 4mhz.
youngsters coders would always waste so many CPU because... modern computers have too much of it.
when doing embedded systems, you really can help having experience from those old very limited systems. It also helps them to try and learn "exotic" systems... and it restores the very first vocation of those 8 bit machines : being game cons... er.... being learning machine.

I mean, a young student who never knew anything beside very powerfull computers and graphic user interface and too many many gigas of anykind (Hz, bytes, colours, pixels...) to waste.
Bad unopmised code can work on new computers... but you may not realise you are using half the power of the computer to run a simple task program for nothing... and that it wouldn't run on somewhat more limited systems (like small tablets, older smartphones or even a computer with only 2 cores and 1go RAM...

Also to have the thing interested via prize money and non-students contestants makes sure students would get hard competitors by older dudes like the CPC community. And see what others can do.
Would be great if more universities could do such things.
could be like Robotic competitions between tech-schools.
"European universities Retro-computing coding competition", could be great.
Have you asked to some other universities teachers ? in France perhaps ?