Supported by the Government of Uttar Pradesh under its StartInUP Policy, this ambitious project aims to cultivate and support 100 blockchain startups over the next five years, boosting innovation and entrepreneurship throughout the state.
The Indian Institute of Management Lucknow (IIML) is set to spearhead a transformative initiative with the establishment of its Centre of Excellence in Blockchain Technology (CoE-BT). Supported by the Government of Uttar Pradesh under its StartInUP Policy, this ambitious project aims to cultivate and support 100 blockchain startups over the next five years, boosting innovation and entrepreneurship throughout the state.
A Groundbreaking Initiative for Blockchain Startups
The CoE-BT represents a significant step in advancing the blockchain technology sector, offering vital support to emerging startups and promoting entrepreneurship in this rapidly evolving field. This initiative aligns with the Uttar Pradesh government's goal of enhancing e-governance by ensuring trust, transparency, and reliability across various sectors.
Possible Ashish Dubey, Faculty-in-charge of IIML’s Enterprise Incubation Centre, highlighted the importance of this new venture, stating, “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 rapidly evolving field of blockchain. This collaboration will be an excellent opportunity to contribute to the development of innovative solutions in blockchain that will have a significant impact on technological infrastructure.”
Comprehensive Support for Startups
The CoE-BT will serve as a critical technology enabler, providing stakeholders with access to shared learning experiences, resources, and a dedicated blockchain platform. IIML EIC will oversee the training and onboarding of startups, offering comprehensive support that includes mentorship from over 50 industry and academic experts, industry connections, venture capital funding, and specialized training programs for students and aspiring entrepreneurs interested in blockchain applications.
Expanding Blockchain Reach with Outreach Centers
As part of the CoE initiative, IIML EIC, in partnership with Microsoft India, will establish three outreach centers across Uttar Pradesh. These centers, planned for Gorakhpur, Lucknow, and Greater Noida/Meerut, will focus on promoting and nurturing blockchain-based innovation throughout the state.
A Unique Facility for Technological Advancement
The Centre of Excellence in Blockchain Technology will stand out as a pivotal resource and technology development center within Uttar Pradesh. It will play a crucial role in advancing the state’s technological capabilities and fostering a vibrant ecosystem for blockchain innovation.
Indian Institute of Management, Lucknow offers executive MBA or PGPWE courses for a duration of two years. PGPWE is a uniquely designed course for working executives, entrepreneurs and professionals, who wish to enhance their managerial knowledge and skills through formal management education while continuing to work. Students get to work on live projects and connect with leaders around the globe. Admission to these programmes is entrance-based. Read more about IIML Executive PGP, here.
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Yes, the institute has a list of alumni who are successfully running their own Unicorn startups and have raised the entrepreneurship standard with their creative ideas. To name a few, take a look at the below success stories:
1. Bombay Shaving Company: A premium personal care and grooming solutions brand was founded by Shantanu Deshpande, who passed out from IIM Lucknow in 2011. Shantanu has pursued an MBA in Strategy from IIM Lucknow. After completing his education he worked for 4 years at McKinsey & Company and after that, he ventured into the world of entrepreneurship.
2. Flutrr: It is an inclusive multilingual online dating app which provides a delightful dating experience in one’s language. A new generation of matching algorithms from ancient Indian and Vedic sciences of Astrology and Numerology are followed at Flutrr. The company was founded by Kaushik Banerjee who is designated as co-founder and CEO. Kaushik has pursued MBA in Marketing Operations from IIM Lucknow and has passed out on 1992.
Multiple IIM Lucknow alumni have set the stage for the upcoming students to start their own ventures and bring the best to the table.