UDBHAV 3.0 Blockchain Incubation , IIML EIC CoE — Frequently Asked Questions

UDBHAV 3.0 is a six-month, no-cost incubation program for blockchain startups, run by the IIM Lucknow Enterprise Incubation Centre (IIML EIC)'s Centre of Excellence in Blockchain Technology. It aims to help startups build, validate, and scale blockchain-based solutions.

No, the six-month incubation program is offered completely free of charge to selected startups, as it is fully subsidised.

The program is open to DPIIT-recognised startups registered in Uttar Pradesh. Applicants must have at least 51% equity held by Indian founders and be actively working on blockchain-based use cases. It targets product or revenue-stage companies in the gaming, media, and Web3 industries, specifically Private Limited Companies and LLPs.

The UDBHAV 3.0 program provides structured incubation for a period of six months at the IIM Lucknow Enterprise Incubation Centre.

UDBHAV 3.0 is an equity-based program, meaning it may take a stake in selected startups. While it does not provide direct grants, it offers varied funding amounts through connections to its partner and ecosystem channels, facilitating access to capital and corporate engagement opportunities.

Yes, it is a mandatory eligibility criterion for UDBHAV 3.0 that applying startups must be officially recognised by the Department for Promotion of Industry and Internal Trade (DPIIT).

The final date to submit applications for the UDBHAV 3.0 Blockchain Incubation program is June 18, 2026.

Selected startups get no-cost incubation, co-incubation access to IIML EIC's workspace and labs, structured mentorship, and dedicated helpdesks for legal, IPR, and financial matters. They also gain access to IIML EIC's advanced lab facilities and opportunities for funding, corporate engagement, and global market access.

You can apply for the UDBHAV 3.0 Blockchain Incubation program by visiting the application form available at https://docs.google.com/forms/d/e/1FAIpQLSeldaO4mwfsQh4UySN-A6_51zV05GbzNcNQMGMJ6Bs4_LVT6g/viewform?utm_source=startupgrantsindia.com&ref=startupgrantsindia.com.

Yes. UDBHAV 3.0 Blockchain Incubation , IIML EIC CoE is an equity-based investment, meaning the provider takes an ownership stake in exchange for funding. Review the specific terms before accepting.

UDBHAV 3.0 Blockchain Incubation , IIML EIC CoE is offered by IIM Lucknow Enterprise Incubation Centre, an academic institution. It is provided as an investment.