S. Vishnu Sharma
IIM Lucknow Enterprise Incubation Centre announced the establishment of a Centre of Excellence in Blockchain Technology (CoE-BT).
This initiative is supported by the Government of Uttar Pradesh under its StartInUP Policy. There is more to it than meets the eye as far as CoE-BT is concerned.
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.
Ground breaking effort
The CoE-BT represents a ground breaking effort to identify and support promising startups while promoting entrepreneurship in the rapidly evolving field of blockchain, say sources from IIM Lucknow.
This initiative aligns with the state government’s objective to enhance e-governance by ensuring trust, transparency and reliability across various sectors as use cases, say sources from IIM Lucknow.
Significance
Prof Ashish Dubey, Faculty-in-charge at IIM Lucknow-EIC spoke about the significance of this initiative.
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, said Prof Ashish of IIM Lucknow-EIC.
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, he said.
Tech Enabler
The CoE-BT will serve as a technology enabler, offering stakeholders access to shared learning experiences, resources, and a dedicated blockchain platform, say sources from IIM Lucknow.
IIM Lucknow EIC will lead the training and onboarding of startups, providing comprehensive support that includes mentorship from over 50 industry and academic experts.
It will also lead the training and onboarding through industry connections, VC funding, and specialized training programs for students and aspiring entrepreneurs across various sectors with Blockchain based applications.
Outreach Centers
As part of the CoE initiative, IIM Lucknow EIC, in partnership with Microsoft India, 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, say sources from IIM Lucknow.
Unique Facility
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.
It will be dedicated to advancing the state’s technological capabilities and fostering a thriving ecosystem for blockchain innovation.
IIM Lucknow EIC
IIM Lucknow EIC is a registered Section 8 (not-for-profit) company established by IIML.
The company aims to build a sustainable and thriving startup community that fuels innovation, drives economic growth, and creates a better future for all.
By offering a comprehensive ecosystem of support, mentorship, and resources, IIM Lucknow EIC empowers entrepreneurs to transform their innovative ideas into successful, impactful ventures.
About IIM Lucknow
Indian Institute of Management Lucknow, established in 1984, is the fourth in the prestigious IIM family of management schools to be established in India after IIM Calcutta, IIM Ahmedabad, and IIM Bangalore.
In 2005, IIM Lucknow expanded its area of influence in the realm of management education by becoming the first IIM to set up a satellite campus exclusively for Executive Education at NOIDA in Delhi NCR region.
IIM Lucknow is accredited by AACSB and AMBA while its EQUIS Accreditation is ongoing.
The institute features in the prestigious FT -100 Top Global Business schools for both the 2-year Flagship PGP program and One-year IPMX Program.
It is also consistently ranked amongst top business schools in the NIRF Rankings.
IIML was the first IIM to start a 2-year full time MBA program in Sustainable Management 10 years back.
It also has a long-standing full-time MBA program in Agri Business Management.
Throughout its last 40 years’ journey IIML has touched millions of lives through its academic programs, executive education programs, research, and consulting.
The centers for excellence at IIML including the Centre for Public Policy, Centre for Food and Agribusiness Management, Centre for Business Sustainability, Centre for Marketing in Emerging Economies, to name a few.
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They regularly carry out evidence-based research and interventions in public policy and management practice.
Faculty of IIML also feature in top 2% of global scientists for research output and impact.