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Centre of Excellence in Blockchain Technology, established by IIM-Lucknow

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Centre of Excellence in Blockchain Technology, established by IIM-Lucknow
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About Centre of Excellence in Blockchain Technology, established by IIM-Lucknow

                   Another step towards Technology 

 

The Centre of Excellence in Blockchain Technology at IIML is expected to lead yet another revolutionary initiative in the country. Supported by the Government of Uttar Pradesh through its Start In UP Policy, this ambitious project aims to create and support 100 blockchain startups within the next five years, fostering innovation and entrepreneurship across the state.

An Unparalleled Initiative for Blockchain Startups

The CoE-BT is a huge leap toward the development of the blockchain technology sector, extending much-needed support to the burgeoning startups and encouraging entrepreneurship in this fast-emerging sector. The initiative goes in tandem with the Uttar Pradesh government's objective of improving e-governance on the lines of trust, transparency, and reliability in diverse sectors.

Ashish Dubey, Faculty-in-charge of the Enterprise Incubation Centre at IIML, said about the new venture: "The association with Microsoft under CoE BT will recognize newer opportunities for innovations and help new technologies to stay ahead of the curve in the fast-evolving area of blockchain. This cooperation will indeed be a great opportunity to participate in the development of innovative solutions regarding blockchain, which can make a difference in technological infrastructure."

 

Holistic Support to Startups: 

CoE-BT will assume the role of a critical technology enabler. It provides access to a shared learning experience among the various stakeholders, resources, and a blockchain platform. IIML EIC will be responsible for the training and onboarding of startups by extending comprehensive support through mentorship provided by more than 50 industry and academic experts; connections with industry, venture capital funding, and special training programs for students and budding entrepreneurs on blockchain applications.

 

Outreach Centers to Extend the Blockchain Reach

Under the CoE, IIML EIC, in association with Microsoft India, will set up three outreach centers across Uttar Pradesh. While one each will be opened in Gorakhpur and Lucknow, the third center will come up either at Greater Noida or Meerut. The move will help promote blockchain-based innovation in the state.

 

A Unique Facility for Technological Advancement

The Centre of Excellence in Blockchain Technology will become a key resource and technology development center in Uttar Pradesh. It will serve as a significant driver for the advanced technological capabilities of the state and will also contribute to the creation of a dynamic ecosystem for blockchain innovation.

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