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. And fuelling this growth further are factors such as favourable economy, easy availability of talent pool, and emergence of vast domestic market with disposable income, among others. But at the moment, the demand in the electronics product market is being fulfilled largely by imports.
All this points to a huge opportunity for India to become an Electronics System Design and Manufacturing (ESDM) hub, to meet domestic as well as global requirements.
Clearly, the next few years will be crucial for growth and development of the ESDM industry in the country and this will be determined to a large extent by India’s ability to undertake higher value-add activities and cost competitiveness. It is to capitalise on this potential that Electropreneur Park was conceived – to emphasise on development of product and IP creation in the ESDM sector, especially in the CAREL(Committee for Advancing Research in Electronics) -identified six mass consumption electronics products in the areas of telecom, consumer electronics, education, energy, identification and financial services.
Know more about Electropreneur Park here. Last date to apply is March 31, 2016.
Electropreneur Park is the first-of-its-kind incubation centre in the ESDM sector in India, set up in 2015 under a Public Private Partnership (PPP) model. Fully funded by the Department of Electronics and Information Technology (DeitY), Government of India, it is managed by Software Technology Parks of India (STPI) with the University of Delhi as its academic partner, Electronics & Semiconductor Association (IESA) as its implementation partner and Cyber Media India Ltd (CMIL) as the execution partner.
Electropreneur Park aspires to contribute to India’s ESDM growth story by developing, promoting, recruiting, incubating, mentoring and creating breakthrough innovations in the ESDM sector. It was in line with this objective that it organised the first edition of Electropreneur Park last year – focussed on identifying some of the most promising ideas/startups in the ESDM space and incubating them. The first edition received 200 proposals from across India, of which 48 were shortlisted and finally seven selected as incubatees.
This year, in its second edition, Electropreneur Park is inviting proposals from startups and professionals with a bankable idea focussed on the ESDM sector. The ideas must be built on innovation and CAREL-identified six mass consumption electronics products.
The selected 10 startups are entitled to use the world-class RF and power lab facility and workstations at Delhi University South Campus for a period of one to 1.5 years. The selected startups will also receive technical and business mentorship, access to industry and VC network and a range of other shared services including tax, legal, finance, accounting and patent search.
To create greater awareness about Electropreneur Park, they are organising roadshows across a number of cities, like Lucknow, Jaipur, Chandigarh, Indore, Pune and not limiting to metros such as New Delhi, Kolkata and the NCR. Check out when the roadshows will hit your cities so that you can learn more by networking with key people from the government and academia.
As India continues to drive its growth momentum, the ESDM industry must now focus on increasing self-reliance, creating and leveraging intellectual property assets and high design capability found in India – to develop unique global products for and from India. And it is in this journey that Electropreneur Park together with promising startups will play a pivotal role.