The Program


What is Blockchain?

A blockchain is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block a timestamp, and transaction data (generally represented as a Merkle tree).

By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.

By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, (Buy Bitcoin) the tech community has now found other potential uses for the technology.

IBM Blockchain Tech platform

CoE is using IBM Blockchain Platform, built on Linux Foundation's Hyperledger fabric and Hyperledger Composer. the IBM Blockchain Platform provides a managed, full stack blockchain as-a-service (BaaS) offering delivered through the IBM Cloud, allowing members to develop, govern, and operate a network with the performance and security necessary for even the most demanding use cases in regulated industries. The IBM Blockchain Platform leverages Hyperledger Fabric to enable a new kind of distributed business network founded on the principles of finality, trust and privacy.

The IBM Blockchain platform is a blockchain software-as-a-service offering on the IBM Cloud. It is the only fully integrated, enterprise-ready blockchain platform designed to simplify the development, governance and operation of a decentralized, multi-institution business network. The IBM blockchain platform accelerates collaboration in this decentralized world by leveraging open source technology from the Hyperledger Fabric framework and hyperledger Composer tooling.

The IBM Starter Plan

Any developer - whether enterprise, start-up, academic, novice or experienced - can experience and deploy code to a full-function, multi organization blockchain network with the IBM Starter Plan.You can kickstart the blockchain network now with the IBM Starter Plan!

With the starter plan, one can immediately deploy and demo sample applications (via IBM Cloud tool chain for continuous delivery) and see asset transfers in action. Iteratively develop and test your own applications and chaincode in a pre-production staging environment. Interact with network by using the APIs in the swagger UI. Network credentials are provided so one can integrate the APIs into one's own application. Invite other organizations to join your network and set up their own peers. Add other member organisations to your IBM cloud account to simulate multi-organization transaction scenarios. Develop valuable network governance and operation skills that you can seamlessly transfer to an Enterprise plan. The starter plan offers the same experience as the Enterprise plans, so there's no learning curve when migrating to full production network.


Fewer mundane tasks, more product development

Incubators, which are taking root across the world, offer startups guidance and resources. In essence, incubators are home to angel investors, venture capitalists and others who are able to mentor entrepreneurs. Many also offer tangible resources such as accounting assistance, office space and legal guidance. Having this business infrastructure in place allows the startup to focus on what matters most–the core business (and not the mundane, day-to-day administrative responsibilities).

Although incubators and accelerators both help businesses grow, incubators assist companies in their infancy, whereas accelerators guide organizations through future expansion and development.

Access to “mover and shaker” networks

One of the biggest benefits of being part of our incubator is the ability to tap into a strong network of business partners. Some require large financial commitments, while others considered it too risky to work with a 1-month-old startup. However, those obstacles be bridged by being a part of an incubator.

A powerhouse network can also be beneficial from a public relations perspective. There is only so much you can do as a startup with a limited marketing and PR budget, but being a part of our incubation will help you gain traction, thurst and step into the spotlight. This in turn will also strengthen your ability to scout leads and opportunities.

You can scratch each others’ backs

As a electronics incubator, it is important for us to frequently release new hardware and optimization capabilities. It’s even more important that we learn from startups feedback to make platform better. Our Incubation program proves to be extremely beneficial to do more aggressive product development and rigorous testing–something that would have been more difficult and time consuming

As any entrepreneur will attest, there are a lot of lessons that he or she has learned the hard way. Making errors and learning from mistakes is something startup founders own. However, imagine being part of a support system where you could learn from the mistakes of others before you made them yourself.

Support from mentors with street credibility

Our mentors have been entrepreneurs themselves, as such have been able to challenge and further help shape our vision, strategy and roadmap thanks to their personal experience. The value that our mentors have brought for our startups has been instrumental to our success and we look forward to helping other new startups succeed in the future.

Pre Incubation

All start-ups that are developing platform and products on blockchain will be invited to the CoE and will be offered Co-Working space. The Co-Working space will be allocated as per the STPI policy. During this Pre Incubation phase, startups can enhance their ideas and develop a workable solution in consultation with mentors. Mentors will help validate the ideas purely at conceptual level and advice next steps on how to get customer validation etc. At this stage the startups may, under the guidance of mentors, start tech development to showcase their idea.


A Pan India Outreach Program to attract the start-up by partnering with various organisations including the ones in Pre-Incubation.

  • 3 months of incubation (extendable to 6 months) wherein that startup will complete the folowwing defined tasks.
  • Validating the idea through Industry Connect
  • Building POC/MVP
  • Demonstrating Customer Acquisition Strategy by acquiring first (1-10) customers
  • Establishing the Revenue System Stream
  • Establishing the Payment Cycle
  • Building the Biz Plan

Post Incubation

Post the incubation period, the Startups' completion of tasks will define their eligibility to the Acceleration Program. During the Incubation Period, the startups will undergo an intense mentorship to deliver time bound results. The startups will also undergo the following Master Classes:

  • Defining Entrepreneurship
  • Identifying the problem and building solution
  • Build a POC/MVP

These Master Classes will help the startups understand the fundamentals of entrepreneurship and build solution to the problems identified by them.

Acceleration Program

Post Incubation, the logical steps for startups is to roll out commercially and generate revenue through a sustainable business plan. Hence they will get intense training and hand holding for the next 9 months. Gurugram CoE will help these startups raise an investment of Rs. Twenty Five lakhs from potential startup investors and enroll them in the 9 months long Acceleration Program in which the Partner and its Associates shall provide funding based on their own discretion. During the 9 months Acceleration Program, startups will receive "UNLIMITED MENTORSHIP" in person or remotely. During the Acceleration Program, the startups shall receive the following knowledge through various masterclasses conducted periodically:

  • Go to market with a MVP, Marketing (traditional and digital) & Proactive Selling Skills
  • Data Analysis and Sustainable Business Model
  • Pitching to the investor & Scaling the Business.

Post the Acceleration Program

Post the incubation period, the Startups' completion of tasks will define their eligibility to the Acceleration Program. During the Incubation Period, the startups will undergo an intense mentorship to deliver time bound results. The startups will also undergo the following Master Classes:

  • Defining Entrepreneurship
  • Identifying the problem and building solution
  • Build a POC/MVP

These Master Classes will help the startups understand the fundamentals of entrepreneurship and build solution to the problems identified by them

Centre of Entrepreneurship offering to the Start-Ups

a.) Physical Facilities

  • Ready to Work Plug and Play Space.
  • High Speed Internet Access.
  • Network Operation Center(NOC).
  • 24 x 7 x 365 days Operational work space.
  • Round the clock security.
  • Dedicated team /Support round the clock.

b.) Incubation and co-working facilities

  • CoE shall monitor and guide start-ups through dedicated mentor, portfolio managers and start-up support executives.
  • CoE shall review and monitor the progress/performance of start-ups periodically and take necessary action as and when required in co-ordination with PMG.

c.) Technology & Business mentoring

  • Mentors shall identify specific needs at specific time like prototyping/design vendors, small - scale manufacturing vendors, large - scale manufacturing vendors ect. and makes best efforts to connect the start-ups with such ecosystem players.
  • Full-time resource presence and organizing peer meetings with mentors at regular intervals.
  • Platform for accessing the mentor through an online portal.
  • Train/educate start-ups in the fields of research, user experience and business technology courses with cutting edge programming and deep-tech applications.
  • Support the start-ups for developing Proof of Concept, provide mentoring for designing & development and help start-ups to convert their idea into a reality.
  • Transforming the start-ups from idea level to Prototype level, Prototype level to MVP (Minimum Viable Product) level, MVP level to GTM (GoToMarket) level and graduating the start-ups into full-fledged company status.
  • Providing a multidisciplinary approach in developing innovative products based on identified business challenges.
  • Support for developing, enhancing and piloting start-ups prototype and business model in a collaborative environment.
  • Conducting need-based mentoring sessions on legal, compliance, branding, cyber security, domain techologies etc.

d.) Marketing, Networking & Outreach

  • Beneficiary incubatees of CoE shall be included in marketing knowledge sessions, conducting road shows, networking events, social media outreach.
  • International events/programs shall be organized to attract global visibility.
  • CoE's end-to-end marketing plans will place your start-up on the global map.
  • Partnerships with key international promotional agencies shall be carried out for cross border collaboration.

e.) Access to Funding & Investment

CoE shall support and guide start-ups for raising funds towards PoC, MVP and Marketing as well as scaling up through grants, equity and debt by leveraging connections with potential customers and CSR/Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per appropriate size of start-ups.

f.) IPR Related Support Services

STPI has signed MoU with M/s. NRDC (National Research and Development Corporation) for filing Intellectual Property Rights such as Patenting (Drafting & Filing), Trademark, Copyright and any other IPR related support/legal/statutory support.

g.) IT & ESDM Policy 2017  


Who Can Apply ?

Eligibility Criteria for Idea Challenge Program

The Idea Challenge Programme invites the proposals/applications from Indian Start-ups who are working in domain related to Blockchain Technology.

Startups registered with DPIIT under start-up India programme are encouraged to participate in this programme. The definition of Startups prescribed by DPIIT is reproduced below and subjected to change from time to time.

Individual Academicians, Researchers, Educators, Entrepreneurs, partnership firms, LLPs may also participate, however, if they are selected then they will have to register as private limited company in a stipulated time (preferably within 3 months).

  • Company Registration
    The start-up must be registered / incorporated within last 10 years as on date of opening of challenge.
  • Annual Turnover
    Start-up should have an annual turnover not exceeding Rs. 100 crores for any of the financial years since its incorporation.
  • Innovative & Scalable
    Entity working towards innovation, development or improvement of products, processes or services or if it is a scalable business model with high potential of employment generation or wealth creation.


Shri. Arvind Kumar
Director General - STPI, Chairperson of Governing Council of CoE

Shri Devesh Tyagi
Senior Director-STPI, Vice Chairman of Governing Council of CoE

Shri Devesh Tyagi is Senior Director, Software Technology Parks of India (STPI). He has more than 26 years of experience in IT/ESDM sector. He has been actively involved in the promotion of IT/ESDM sector and also working for the promotion of entrepreneurship, innovation and product creation in the country. He has also been involved in various policy formations for IT/ESDM sector. Prior to joining STPI, he served National Informatics Centre (NIC) in various capacities. Shri Tyagi has earned his B.Tech in Computer Science and Engineering from Marathawada University and Masters Degree from BITS, Pilani.

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Shri Ashok Gupta

Director, STPI - Gurugram & CEO

Shri Subodh Sachan
Director, STPI Head Quarter

Shri Subodh Sachan, Director STPI HeadQuarter is heading pan-India startup initiatives of Software Technology Parks of India (STPI) including establishment of domain specific Centres of Excellence in emerging technologies like IoT, AI, BlockChain, AR/VR etc.

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Dr. Satya N Gupta
CMD, Bluetown India and BIMSTEC

Pankaj Thakkar

Pankaj Thakar is a Serial Entrepreneur with 30 years of Corporate and Start-up Experience. In his Various C-level role and founder of multiple start-ups globally, he has built, advised and transformed, both corporate and start-up companies to become highly successful. He has created Global Start-ups like Consilnet Inc.

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Rajat Jain


Jain is currently Non-Executive Director on the Board of Xerox India and was till recently its Managing Director ( ). He was responsible for overseeing Xerox India’s business operations and strengthening Xerox’s leadership in technology and growing the services business.

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Divyendu Kumar

Divyendu Kumar is currently the Managing Director of leading Auto Group in the Middle East, for last 10 years. Prior to that, he has over 20 years of operational and strategy experience at TATA group. A B.Tech from ISM Dhanbad and a MBA from Indian Institue of Management(IIM) Calcutta. He is passionate about incubation and innovation.

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Syed Safawi

Syed Safawi was the Managing Director and Group Chief Executive Officer of VLCC. Prior to it, he was the Chief Executive Officer of Viom Networks. Before Viom Networks, Syed was with Reliance Communications Limited (RCom) as the President and CEO. He was earlier with Bharti Airtel Limited as the Executive Director.

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Ashok Barat


Anil jit Singh

Prakash Iyer


Jagat Jit Singh


Amandeep Gupta


Sharad Talwar


Ajay Singh

Co founder and CIO, DLT Labs

CA Shamik Ukil

Co-founder , Advisory Monks

Kamlesh Nagware
TEDx Speaker, Blockchain Architect & Consultant, CTO(Blockchain) - Snapper Future Tech

Col (Dr) Inderjeet Singh
DG-CSAI, Cyber Security & Blockchain Expert, Chief Cyber Security Officer, Vara Technology Pvt. Ltd.

Anuj Garg
Ex-IBM India - Blockchain & Automation Leader, Vice President, Blockchain - Zeb pay

Arjun Mishra
CEO Blockcube Technology Limited

Dharamveer Singh

MD Blockcube Technology Limited