India Electronics and Semiconductor Association (IESA), the industry body representing the Indian electronic system design and manufacturing (ESDM) space, signed a memorandum of understanding (MoU) with STPI and IIITBhubaneshwar to establish the second ESDM Incubator in Bhubaneswar. Building on the success of the Electropreneur Park Delhi, this incubator will be housed at STPI Bhubaneshwar to nurture start-ups and help them scale up by providing access to funds, market and mentors.
Dr Omkar Rai, Director General, STPI, said, “In collaborating to establish the Electropreneur Park at Delhi with IESA & Delhi University, we have been able to develop a good model for supporting the electronics industry. Our vision is to create more such facilities across the country to support growth of the electronics industry, in a way similar to the IT industry.”
“We are delighted to associate with MEITY, STPI and IESA in setting up the Electropreneur Park. Initiatives such as these are gradual steps towards development of the ESDM ecosystem in the country,” said Gopal Krishna Nayak, Director, International Institute of Information Technology, Bhubaneswar (IIIT – Bhubaneswar).
