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IIM-Lucknow establishes Centre of Excellence in Blockchain Technology

Posted On: 03/09/2024      Updated On: 03/09/2024

The Indian Institute of Management, Lucknow‘s Enterprise Incubation Centre (IIML-EIC) today announced the establishment of a Centre of Excellence in Blockchain Technology (CoE-BT). The Government of Uttar Pradesh is supporting this initiative under its StartInUP Policy.

This significant development aims to create and nurture 100 startups in the blockchain domain over the next five years, fostering innovation and entrepreneurship throughout the state of Uttar Pradesh, the official release states.

The CoE-BT will serve as a technology enabler, offering stakeholders access to shared learning experiences, resources, and a dedicated blockchain platform. IIM Lucknow’s enterprise incubation centre EIC will lead the training and onboarding of startups, providing comprehensive support that includes mentorship from over 50 industry and academic experts, industry connections, VC funding, and specialized training programmes for students and aspiring entrepreneurs across various sectors with Blockchain-based applications.

In partnership with Microsoft India, IIM Lucknow will establish three outreach centers across Uttar Pradesh to promote and nurture blockchain-based innovation. The proposed regions for these centers are Gorakhpur, Lucknow, and Greater Noida/Meerut.

The Centre of Excellence in Blockchain Technology will serve as a unique facility within the state, acting as both a Resource and Technology Development Center, dedicated to advancing the state’s technological capabilities and fostering a thriving ecosystem for blockchain innovation, IIM Lucknow stated in an official release.

The collaboration with Microsoft under CoE BT will identify new opportunities for innovations and support new technologies to stay ahead of the curve in the blockchain field. This collaboration will be an excellent opportunity to contribute to the development of innovative blockchain solutions that will significantly impact technological infrastructure,” said Prof Ashish Dubey, Faculty-in-charge. IIML-EIC.
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