IIIT Delhi signs MoU to establish an 'Electropreneur Park'
India Today
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 Indraprastha Institute of Information Technology Delhi (IIIT) Delhi has signed an MoU with Software Technology Parks of India (STPI), AIC STPINEXT INITIATIVES (STPI NEXT), Technology Innovation Hub at Indraprastha Institute of Information Technology, Delhi (IHub Anubhuti), and India Electronics and Semiconductor Association (IESA), to establish an Electropreneur Park (EP) at the IIIT-Delhi campus which will create an ecosystem for nurturing the entrepreneurs & 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 EP will also create a network of-Spoke Centres to nurture students & budding entrepreneurs from selected Institutes & Incubation-centres to promote ESDM-Innovation by providing opportunities to convert ideas to a validated proof of concept, IP generation leading to product creation, empaneled-group of investors, focused-short term problem / programme based engagements with corporate and ecosystem partners, among others.
Besides providing necessary laboratory equipment and ESDM tools to work on a minimum viable product (MVP), EP will also connect and integrate the incubated startups with the key stakeholders including the government, the funding ecosystem, business leaders, the media, and the technology ecosystem.
This integration will establish a strong connection of the startup 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 the proposition.
This MoU is a starting point for a strategic partnership among IIIT-D, IHub Anubhuti, Software Technology Parks of India (STPI), India Electronics and Semiconductor Association (IESA) and STPI NEXT. It leverages the triple helix of academia, industry and the government in a manner so as to produce a multiplier effect.
The Electropreneur Park will promote innovation leading to the creation of startups in the space of electronic design and manufacturing.
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