Ministry of Electronics & IT

STPI sets up state-of-the-art incubation facility at its Gurugram campus to promote entrepreneurship in Blockchain Technology


Facility was inaugurated by MeitY Secretary S Krishnan

Posted On: 20 OCT 2023 6:31PM by PIB Delhi

Software Technology Parks of India (STPI) has marked a significant milestone as the Ministry of Electronics & Information Technology (MeitY) Secretary Shri S Krishnan inaugurated a state-of-the-art incubation facility of Apiary Center of Entrepreneurship (CoE) at STPI-Gurugram.

Apiary is one of the CoEs of STPI which is focused on Blockchain Technology and is setup in collaboration with MeitY, STPI, Govt. of Haryana, Padup Ventures, IBM, Intel, GBA and FITT. This CoE is a first-of-its-kind initiative to identify and support promising startups and promote entrepreneurship in the field of Blockchain Technology. It has a fully furnished incubation infrastructure of 7,000 sq. ft. equipped with 80 plug-n-play seats, conference rooms and an auditorium.  It targets to incubate an overall 100 startups in a period of five years.

During the inauguration, Shri S. Krishnan took a walk-through of the Apiary incubation facility and interacted with the young entrepreneurs.

“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.

Shri Sushil Pal, Joint Secretary, MeitY, said, “Blockchain technology can be sustainable for our economy. It can be used right from supply chain to waste management. It has the potential to become an enabler in sustainable growth.”

Shri Pankaj Thakar, Chief Mentor of Apiary CoE, provided insights into the journey of establishing the Apiary CoE Incubation facility, starting from its inception. He discussed the challenges, milestones, and efforts that went into creating this hub for innovation and technological growth.

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. The speakers Shri Pankaj Thakar, Chief Mentor Apiary CoE & Founder PadUp Ventures; Shri Subodh Sachan, Director (Startup & Innovation); STPI Shri Amit Jindal, Mentor Apiary CoE & President Government Blockchain Association (NCR); Smt Anshu Bhartia, Ex-CEO UnLtd India Social Incubator and Shri Avneesh Saksena Management Consultant, Mentor and CEO & Executive Coach shared insights with young entrepreneurs in the audience.

About STPI Apiary COE

Apiary has been set up at STPI, Gurugram to offer a substantial opportunity to innovative start-ups working in this technology for addressing issues that necessitate usage of Blockchain for establishment of trust in a decentralized manner and other purposes. Apiary CoE provides comprehensive support to startups (in the form of dedicated Blockchain platform, access to Technocrats, mentorship, mentoring programs, VC funding etc. and collaboration with all ecosystem players) with the ultimate objective to make India a world leader in technology space and creating a pipeline of future jobs-creating businesses.

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