The Indian Institute of Management Lucknow’s Enterprise Incubation Centre (IIML-EIC) has announced the establishment of a Centre of Excellence in Blockchain Technology (CoE-BT), with support from the Government of Uttar Pradesh under its StartInUP Policy.
This initiative is designed to foster innovation and entrepreneurship by nurturing 100 blockchain startups over the next five years.
The CoE-BT aims to promote advancements in blockchain technology, aligning with the state government’s goals to enhance e-governance through increased trust, transparency, and reliability across various sectors. The center will act as a catalyst for technological innovation, providing startups with crucial resources and support.
Professor Ashish Dubey, Faculty-in-charge at IIML-EIC, emphasized the importance of the collaboration with Microsoft India, which will play a key role in identifying new opportunities and supporting innovations within the blockchain sector. This partnership is expected to help startups stay ahead in the rapidly evolving blockchain landscape.
The CoE-BT will offer a range of support services, including:
- Mentorship: Access to guidance from over 50 industry and academic experts.
- Industry Connections: Networking opportunities with key players in the blockchain space.
- Venture Capital Funding: Financial support to help startups scale their operations.
- Specialized Training: Programs for students and aspiring entrepreneurs to build expertise in blockchain applications.
In addition to its central operations, the CoE-BT will establish three outreach centers in Gorakhpur, Lucknow, and Greater Noida/Meerut. These centers will work to promote and nurture blockchain-based innovation across Uttar Pradesh, contributing to a robust ecosystem for emerging technologies.
Overall, the Centre of Excellence in Blockchain Technology will serve as a significant resource and technology development hub, aimed at advancing Uttar Pradesh’s technological capabilities and fostering a thriving blockchain ecosystem.
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