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The attribute of blockchain technology to bring transparency and traceability in the transactions makes it inherently good for governance, a top STPI official said on Friday.

While speaking at the Blockchain Revolution Summit 2022, STPI Director-General Arvind Kumar said the Software Technology Parks of India (STPI) has created a centre for excellence, Apiary, in Gurugram to promote the blockchain ecosystem where it will onboard 25 new start-ups working in the segment in addition to 10 entities that are already working there.

"As I said, it (blockchain) has trust, it has transparency. Therefore, there cannot be better technology than blockchain for good governance and social impact projects," Kumar said. He said that when one technology can give transparency, trust and traceability then it can create a wide social impact.

"These features of it (blockchain) are inherently good for good governance," Kumar said. He added that the STPI has set up a centre of excellence (CoE) for blockchain technology, Apiary, in Gurgaon where over 100 start-ups will be onboarded in five years.

"Ten start-ups have been onboarded and 25 others have been selected. So, there will be 35 by May 2022. Those who have not seen the internet revolution. We are again excited. Blockchain technology is going to change the way we live," Kumar said.

Press Release of CHUNAUTI 3.0
New Delhi
10th Feb 202

CHUNAUTI 3.0 To Deepen Digital Inclusion through Digital Accessibility Solutions

Software Technology Parks of India (STPI) under Ministry of Electronics and Information Technology (MeitY), Government of India has launched Next Generation Incubation Scheme (NGIS) “CHUNAUTI 3.0 – Advancing Digital Applications with Special Focus on Accessibility on 10th February 2022. CHUNAUTI 3.0 is focused on identifying and supporting promising startup working towards digital transformation & accessible products/solutions enabling equitable & inclusive growth. The last date for applying is set for 10th March 2022.

“CHUNAUTI 3.0 can bring a paradigm shift in democratizing the usage of digital applications across the user segments by empowering promising tech startups in Tier-II cities to develop path-breaking assistive technologies for various domains by focusing on usability, accessibility, and inclusion,” underlined Shri Arvind Kumar, DG, STPI.

“The overall responses through CHUNAUTI 1.0 & 2.0 have been overwhelming and the startups selected through these challenge programs are embarked on building innovative technology products. We are expecting massive response for CHUNAUTI 3.0 from startups for inclusive product development in the country,” cited Shri Subodh Sachan, Director-HQ, STPI.

NGIS is a joint initiative by the Ministry of Electronics and Information Technology (MeitY) and STPI to build a world-class incubation ecosystem for identifying and nurturing startups working towards path-breaking software products for addressing the futuristic problems in business and society, and transforming them to become tomorrow’s unicorns. Along with MeitY, STPI, MSH, STPINEXT, a vast spectrum of industry, academia, investment and funding agencies have joined hands to support the innovative product-focussed start-ups comprehensively.

NGIS is focused on 12 tier-II locations in the country that include Agartala, Bhilai, Bhopal, Bhubaneshwar, Dehradun, Guwahati, Jaipur, Lucknow, Prayagraj, Mohali, Patna and Vijayawada. It aims to support 300 start-ups/entrepreneurs/SMEs in the field of IT/ITeS/ESDM for 3 years. 129 startups have been selected through CHUNAUTI 2.0. Startups pan-India can apply and become NGIS beneficiary. Each startup under this scheme becomes eligible for financial incentives including monthly stipend & get upto rupees 25 lakh as seed investment along with world class mentoring, networking & market connect. Each NGIS location has a dedicated chief mentor along with a 'mentor pool' and knowledge partners.

For details, please visit: https://innovate.stpinext.in/about-us/chunauti-3.0

RSVP
 

Related document

 Software Technology Parks of India (STPI) under Ministry of Electronics and Information Technology (MeitY), Government of India has launched Next Generation Incubation Scheme (NGIS) “CHUNAUTI 3.0 – Advancing Digital Applications with Special Focus on Accessibility on 10th February 2022. CHUNAUTI 3.0 is focused on identifying and supporting promising startup working towards digital transformation & accessible products/solutions enabling equitable & inclusive growth. The last date for applying is set for 10th March 2022.

“CHUNAUTI 3.0 can bring a paradigm shift in democratizing the usage of digital applications across the user segments by empowering promising tech startups in Tier-II cities to develop path-breaking assistive technologies for various domains by focusing on usability, accessibility, and inclusion,” underlined Shri Arvind Kumar, DG, STPI.

NGIS is a joint initiative by the Ministry of Electronics and Information Technology (MeitY) and STPI to build a world-class incubation ecosystem for identifying and nurturing startups working towards path-breaking software products for addressing the futuristic problems in business and society, and transforming them to become tomorrow’s unicorns. Along with MeitY, STPI, MSH, STPINEXT, a vast spectrum of industry, academia, investment and funding agencies have joined hands to support the innovative product-focussed start-ups comprehensively.

NGIS is focused on 12 tier-II locations in the country that include Agartala, Bhilai, Bhopal, Bhubaneshwar, Dehradun, Guwahati, Jaipur, Lucknow, Prayagraj, Mohali, Patna and Vijayawada. It aims to support 300 start-ups/entrepreneurs/SMEs in the field of IT/ITeS/ESDM for 3 years. 129 startups have been selected through CHUNAUTI 2.0. Startups pan-India can apply and become NGIS beneficiary. Each startup under this scheme becomes eligible for financial incentives including monthly stipend & get upto rupees 25 lakh as seed investment along with world class mentoring, networking & market connect. Each NGIS location has a dedicated chief mentor along with a ‘mentor pool’ and knowledge partners.

"Three applications have been received for setting up electronic manufacturing clusters (EMC) in the states of Telangana, Uttarakhand and Maharashtra which are being reviewed for approval," Arvind Kumar, director-general, Software Technology Parks of india (STPI) said, adding that states such as Himachal Pradesh, Tamil Nadu, Kamataka and Bihar are in the process to apply for the Central scheme.

Three new proposals from states- Telangana, Maharashtra and Uttarakhand-for setting up electronics clusters under the new scheme, are under consideration by the Ministry of Electronics and Information Technology (Meity), a top official said.

The state-run organisation, founded in 1991 to encourage and promote software export from India, also offers infrastructure, skilling, mentoring, and market connect to startups.

"In EMC 2.0, we already have two such clusters already approved with a proposed area of 1,040 acres with a development cost of Rs 1410-crore", Kumar said.
Further, the official said that it is estimated that more than 45,000 direct job opportunities would be created through twin clusters.

Under the modified scheme, proposals from Haryana State Industrial and Infrastructure Development Corporation (HSIDC) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) have already been approved by the MeiTY.

In April, the Centre launched the Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme to offset disabilities faced by the sector, and to develop a robust electronics manufacturing ecosystem in the country, and to fortify the linkage between domestic and international market by strengthening supply chain.

Under the modified scheme, 50% of the development cost is borne by the government. With an increased scope, the EMC 20 allows at least 10% to 20% of the entire cluster to be taken up by an anchor or bigger unit which would further undertake their own investments.

"There is a traction around the scheme, and we are ensuring that there has to be a very clear-cut success criteria only then the government spends money out there," the official added.

Sh. Arvind Kumar, DG, STPI underlining the potential of #Budget2022 in creating enormous opportunities for IT/ITES sector by highlighting key initiatives like digital booster for several sectors including agri, healthcare & education. #AatmanirbharBharatKaBudget