Latest news with #BirlaInstituteofManagementTechnology
India Today
25-06-2025
- Business
- India Today
This college in Noida launched India's first blockchain campus currency
In a groundbreaking move towards fintech innovation in education, the Birla Institute of Management Technology (BIMTECH) has introduced a new blockchain-based digital currency, BIMCOIN. This initiative makes BIMTECH the first business management institute in India to launch such a currency, following the example set by IIT Madras. BIMCOIN is designed to facilitate secure, transparent, and instantaneous transactions across the institute's ecosystem, involving students, vendors, and LEARNING CENTREBIMCOIN not only serves as a payment solution but also as an educational tool, offering students a practical understanding of blockchain technology and digital currencies. This aligns with India's vision for Digital India and the Viksit Bharat 2047 initiative. The technology behind BIMCOIN ensures decentralisation, transparency and incorporates smart contract features, enhancing security, fraud protection, and ethical Prabina Rajib, Director of BIMTECH, remarked, "BIMCOIN is more than a payment solution; it is an educational instrument that facilitates our students with practical experience in blockchain technology and digital currencies, shaping their readiness for careers in fintech. "This is a significant step in nurturing a culture of innovation and preparing future leaders to thrive in a digital economy."PILOT SUCCESS AND FUTURE PLANS The pilot phase of BIMCOIN witnessed remarkable success with over 1,100 seamless transactions. This phase addressed technical integration and user onboarding challenges through iterative testing and user training. The next steps involve further rounds of close-net testing before implementing the currency campus-wide. BIMTECH also plans to integrate blockchain technology into its academic curriculum, introducing courses on blockchain, fintech, and digital innovation. This approach underscores the institute's commitment to advancing education in financial AND VIKSIT BHARAT 2047advertisementIn developing BIMCOIN, BIMTECH draws inspiration from the Central Bank Digital Currency (CBDC) model, aiming to integrate blockchain technology into real-world applications. This initiative is part of a broader vision to prepare students for a digital economy by providing them with hands-on experience in cutting-edge financial tools. The creation of the Blockchain Learning Centre on campus further signifies BIMTECH's dedication to fostering a culture of innovation. This aligns with the institution's strategic move towards enhancing educational paradigms through practical exposure.- Ends
Business Standard
04-06-2025
- Business
- Business Standard
Atal Incubation Centre - Birla Institute of Management Technology (AIC-BIMTECH) at Google for Startups - AI Day for Startups at IIT Delhi
VMPL New Delhi [India], June 4: Atal Incubation Centre - Birla Institute of Management Technology (AIC-BIMTECH) was honoured to be part of Google AI Day for Startups - Delhi, hosted by Google for Startups at I-Hub Foundation for Cobotics (IHFC), the Technology Innovation Hub of IIT Delhi. AI Day for Startup was a day-long event and was part of Google's nationwide initiative to empower Indian startups with cutting-edge Generative AI tools and practices. Mr. Surya Kant, CEO of AIC-BIMTECH, has been invited to speak for the event and had engaging and forward-looking thoughts during panel discussion on "AI's Next Wave: Agents, Multimodal, Monetization." Alongside other industry leaders, he shared insights into the emerging frontier of AI and emphasized the importance of value-driven innovation and scalable AI infrastructure tailored for Indian startups. Google AI Day for Startups is a multi-format event series created to equip early-stage startups with the tools and knowledge needed to build with Generative AI. This year's theme shifted from simply getting started with GenAI to enabling hands-on experience with AI Agents, Multimodal AI, and practical approaches to AI commercialization -- including discussions on return on investment (ROI), deployment strategies, and product-market fit. We were equally proud to see one of our incubated startup founders, Keshav Jha, Founder of BhartAI and who was one of the beneficiaries who was selected under Google for the Startup program, attended the learning event. Sharing his experience, Keshav remarked: "This event transcended the typical conference experience, bringing together India's brightest AI minds for a day of deep technical exploration - from Vertex AI and Gemini APIs to high-impact networking. I am grateful to Birla Institute of Management Technology (BIMTECH) and AIC BIMTECH for their incubation support. Hearing our mentor and AIC-BIMTECH CEO, Mr. Surya Kant, articulating a strategic vision for AI's future reinforced the critical role of ecosystem support like BIMTECH's incubation program in fueling entrepreneurial journeys." As an incubator committed to advancing innovation and supporting startups, Atal Incubation Centre - Birla Institute of Management Technology (AIC-BIMTECH) celebrates platforms like these that foster learning, collaboration, and breakthrough thinking in the AI space. We extend our gratitude to IHFC and Google for Startups for curating such a dynamic and future-focused experience. As an enabler of the startup ecosystem we are committed to contribute towards the vision of Viksit Bharat. The incubation hub is one of the enabling partner under MeitY for SAMRIDH schemes through which we have facilitated over Rs2 crores for five AI startups, which are CreditSiddhi, Cunomial, Origin Connect, Transport Simple, and Vacus. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
