STPI has established an incubation hub at its Gurugram campus with the goal of nurturing 100 blockchain startups within the next five years, according to an official statement released on Friday. This incubation facility, known as the Apiary Center of Entrepreneurship (CoE) at STPI-Gurugram, was created through collaboration between STPI, MeitY, the Haryana government, Padup Ventures, IBM, Intel, GBA, and FITT.
“Apiary is one of the CoEs of STPI which is focused on Blockchain Technology. It targets to incubate an overall 100 startups in a period of five years,” the statement stated.
The incubation facility was inaugurated by Electronics and Information Technology Secretary S Krishnan. He said, “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.” “In the last three decades, the way we have used technology is the key benchmark for our country’s exponential growth.”
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The Apiary CoE offers a fully furnished incubation space covering 7,000 square feet, equipped with 80 plug-and-play workstations, conference rooms, and an auditorium. Arvind Kumar, Director General of STPI, emphasized that this incubation facility at Apiary CoE signifies a significant step towards India’s digital transformation.
