IIIT Delhi signs pact to set up electropreneur park on campus

The objective of the agreement is to create an ecosystem for nurturing the entrepreneurs and startups through mutual cooperation and collaboration in the area of electronics system design and manufacturing and allied fields. 

Indraprastha Institute of Information Technology Delhi (IIIT Delhi) signed an agreement with Software Technology Parks of India (STPI), AIC STPINEXT INITIATIVES (STPI NEXT), Technology Innovation Hub at IIIT Delhi (IHub Anubhuti), and India Electronics and Semiconductor Association (IESA). The objective is to establish an electropreneur park on the campus which will create an ecosystem for nurturing the entrepreneurs and startups through mutual cooperation and collaboration in the area of electronics system design and manufacturing (ESDM) and allied fields. 

The electropreneur park will primarily aspire to contribute to the ESDM growth story of India with the objective of creating a pre-incubation, incubation and acceleration service for startups and MSMEs. The park will also create a network of spoke centres to nurture students and budding entrepreneurs from selected institutes and incubation centres to promote ESDM innovation by providing opportunities to convert idea to a validated proof of concept and IP generation leading to product creation. 

Besides providing necessary laboratory equipment and ESDM tools to work on minimum viable product (MVP), the park will also connect and integrate the incubated startups with the key stakeholders, including government, funding ecosystem, business leaders, media, and technology ecosystem.  

The integration will establish a strong connection of the startups with the larger habitation at an early stage which helps the startup to refine and fine-tune its concept, product, go-to-market, and other vital aspects that shape up the proposition. IIIT Delhi Director Ranjan Bose said, “Electronics is the new oil in the digital age. It is predicted that fueled by investments and strong policy, the ESDM sector in India will cross $ 220 billion by 2025.” 

The park will promote innovation leading to the creation of startups in the space of electronic design and manufacturing. The idea is to evolve a holistic ecosystem where the faculty members and students of IIIT Delhi can actively engage with ‘electronics’ startups. Electropreneur park will support activities related to pre-incubation, regular incubation programs, and acceleration programs in order to nurture startups and encourage entrepreneurs. This is also in line with the ‘Make in India’ initiative”. 

Read more:

• SIT Pune hosts drive to facilitate employment for students
• 320 students participate in youth conclave at IIT Jodhpur
• JEE Advanced 2022: IIT Kanpur to offer 10 scholarships to top 100 rankers