STPI Launches Incubation Facility In Delhi To Support 100 Blockchain Startups

Software Technology Parks of India (STPI) has achieved a significant milestone with the official launch of a cutting-edge incubation facility of the Apiary Centre of Entrepreneurship (CoE) at STPI-Gurugram by Ministry of Electronics & Information Technology (MeitY) Secretary Shri S Krishnan.

One of STPI's CoEs, Apiary, is dedicated to Blockchain technology. It was established in partnership with MeitY, STPI, the Haryana government, Padup Ventures, IBM, Intel, GBA, and FITT. This CoE is a groundbreaking initiative to find promising startups, support them, and encourage entrepreneurship in the Blockchain Technology space.

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“Meeting the young entrepreneurs was quite an enriching experience. The way these entrepreneurs have addressed real-world problems using cutting-edge technology is really commendable. These entrepreneurs aren’t confined to national boundaries and this quality distinguishes them from others. In the last three decades, the way we have used technology is the key benchmark for our country’s exponential growth,” said Shri S. Krishnan, Secretary, MeitY.

It has a 7,000-square-foot fully furnished incubation infrastructure with an auditorium, conference rooms, and 80 plug-and-play seats. In total, 100 startups are expected to be incubated over the course of five years.

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Shri Arvind Kumar, Director General, STPI said, “Apiary CoE’s incubation facility will bring a new revolution in the technology sector. Blockchain technology has a lot of potential and Is considered to be the biggest invention since the internet. This incubation facility at Apiary CoE is a stepping stone towards India’s digital transformation.”

The inauguration was preceded by a conference on Sustainable Development Goals Thru Web 3.0, under which two sessions “Sustainable Development Goals With Web 3.0: Challenges and Opportunities” and “Business Transformation with Web 3.0” were organised.

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About STPI Apiary COE

Apiary has been established at STPI, Gurugram, to provide innovative start-ups working in this technology with a significant opportunity to address problems that call for the use of Blockchain for the establishment of trust in a decentralised manner and other purposes.

With the ultimate goal of making India a global leader in the technology sector and building a pipeline of future jobs-creating businesses, Apiary CoE offers comprehensive support to startups (in the form of a dedicated Blockchain platform, access to Technocrats, mentorship, mentoring programmes, VC funding, etc. and collaboration with all ecosystem players).

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