A DeitY and STPI initiative, implemented by IESA at University of Delhi , to promote indigenous product development in the ESDM space
- To support 50 start-ups over a period of 5 year; aims to create at least 5 global companies
- Seed funding options and VC networking platform to be provided to ensure a smooth exit route for the incubates
- Students from University of Delhi to work as interns for incubates; exposures to the spirit of innovation and entrepreneurship
Kolkata, March 9, 2016: Electropreneur Park (EP), the first of its kind incubation centre in India to support and nurture the best electronics start-ups of tomorrow, announces its second edition to encourage innovation in the domestic ESDM space for the year 2016- 17. Under this entrepreneurship program, EP will select the best 10 early stage entrepreneurs in ESDM across the country, based on the merit of the project submission and will support them in Research and Development to accelerate electronics innovation in the country. The initiative will incubate 50 startups over a period of 5 years.
Electropreneur Park is a Software Technology Parks of India (STPI) project, funded by Department of Electronics & IT (DeitY), Government of India and promoted by University of Delhi (DU) as Academic Partner, India Electronics and Semiconductor Association (IESA) as Implementation Partner and CyberMedia India Limited (CMIL) as Execution Partner.
The roadshow campaign has been set-up to reach out to the early stage and aspiring startups across India. Electropreneur Park roadshow in Kolkata, scheduled on March 10, 2016, is expected to generate immense interest among the early stage startups and aspiring entrepreneurs from the city.
Electropreneur Park has been designed basis an in-depth analysis of Indian ESDM and Incubation eco-system and an alignment with the global best practices to bring out the attitude of Electropreneur from every incubated start-up.
Who can apply?
The opportunity will be available for every Indian, student, early stage start-ups or even a corporate, who understands the electronics language and lives with a passion for the subject.
Submission of proposals
Electroprenuer Park invites early stage start-ups and aspiring entrepreneurs in the ESDM space to submit their projects on https://docs.google.com/
Venue - 10th March 2016 - Kolkata
Astor Kolkata, 15 Shakespeare Sarani, Kolkata 700071
Vision
The initiative will support 50 start-ups in ESDM space and is expecting to create 5 global companies over a period of 5 years. The park will focus on IP creation and Product Development to result in increased domestic value addition and will witness a unique integration of academia, industry, government and other incubation eco-system elements.
Best-in-class facilities
The initiative will also provide the selected entrepreneurs with state-of-art laboratories as per international standard, ESDM mentorship by industry veterans and academicians, efficient supply chain and an eco-system that will bring in a bouquet of shared services and facilities to the incubatees like Tax, Legal, Finance, Accounting, Patent Search, Training, interns, business counselling, etc. However, the Electropreneurs will not be charged for any facilities.
EP will also facilitate seed funding for the promising ventures and ensure a smooth transition from an incubatee to a self-sufficient electronics start-up.
Industry Outlook
By 2020, the demand for electronics hardware in the country is projected to increase to $400 billion, driven by the growing convergence of information, communication, and entertainment. The country has the potential to generate 100,000 direct jobs and 300,000 jobs in components manufacturing over the next five years.
Reach Electropreneur Park
Facebook: Like us @ Electroprenuer Park
Linkedin: Join us @Electropreneur Park
About Electropreneur Park
Funded by Department of Electronics & IT (DeitY), Government of India, the Electropreneur Park is the first of its kind Incubation Centre in India under PPP mode in the Electronic Systems Design & Manufacturing (ESDM) sector. The Electropreneur Park will develop, promote, recruit, incubate, mentor, and create breakthrough innovations in the ESDM sector
Electropreneur Park is a Software Technology Parks of India (STPI) project that has been promoted by University of Delhi (DU) as Academic Partner, India Electronics and Semiconductor Association (IESA) as Implementation Partner and Cybermedia India Limited (CMIL) as Execution Partner.
Media Contacts
Rajiv Lodha, Launcherz - +91 9831362041
launcherzpr@gmail.com
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