Electropreneur Park set up at Delhi Univ to incubate 50 early start-ups & to create at least 5 global companies over 5 years
By TIOL News Service
NEW DELHI, AUG 28, 2016: A bunch of Schemes like ‘Make in India’, ‘Digital India’ and ‘Design in India ‘along with ‘Startup India’ is believed to have injected new hopes in India’s electronics system design and product development space. Taking the vision forward, Electropreneur Park has been set-up at University of Delhi, South Campus to incubate 50 early stage start-ups and create atleast 5 global companies over a period of 5 years. The initiative was taken by Ministry of Electronics and Information Technology (MeitY), managed by Software Technology Parks of India (STPI) and implemented by India Electronics and Semiconductor Association (IESA).
Speaking on the occasion, Mr Ravi Shankar Prasad said that having lost at the time of Indusrtial revolution, India can not afford to miss the bus once again. It has to take lead in the ongoing digital revolution and this alone has the potential to transform India into a vibrant economy. He said the NDA Government has already sown seed for this and introduced programmes like make in INDIA, SKILL india and Stand Up India with the purpose of making all sections of the society equal partners in this game changing initiatives. Mr Prasad said digitalised India will not only make India a more effecient society but also encourage enterpreuners to invest in INDIA.
He said acadmecia clubed with investors and incubatees together can expedite the process of transforming India. He said Government has already set up fund to incentivise such initiatives and would continue to focus on making India a hub centre of incubation.
Electropreneur Park (EP) has been inaugurated today by Mr Prasad. The incubation centre has already incubated 6 early stage startups, with a few more in the process of on-boarding. The startups under incubation were awarded the admission certificate during the inauguration of the centre. The selection was done based on the stringent evaluation of about 200 proposals received. The selected start-ups are:
- Arogya Medtech Pvt. Ltd. - Cerebros® : Portable and low cost combination of Neuro-imaging ( EEG) and near-infrared spectroscopy (NIRS) for stroke detection.
- Ceantra Technologies Pvt. Ltd.- Connected Vehicle Platform that enables Monitoring of Vehicle Health, Better Road Safety and Data driven Online Driver Marketplace.
- Intutive Scientific Research & Evaluations Pvt. Ltd. - Multi-featured women safety IOT wearable which includes features of SoS message, audible alarm and self defence.
- Resonant Electronics Pvt. Ltd. - Smart Modular Switch Boards, Smart Monitoring Control Panel Boards and Analytics for energy management and control system .
- Starbru Techsystems Pvt. Ltd.- Tactical android wireless data card (TAWDC) can be interfaced with Indian Army radio for sending images.
- Stemrobo Technologies Pvt. Ltd.- Creating multiple Electronic development and learning kits to be used in schools and institutes for skill development in ESDM sector.
Other dignitaries present during the inauguration ceremony were, Mr P.P. Choudhary, Minister of State, Law & Justice and Electronics & Information Technology, Prof. Yogesh K Tyagi, Vice Chancellor, University of Delhi, Smt. Aruna Sundararajan, Secretary, Ministry of Electronics and Information Technology (MeitY), Dr. Omkar Rai, Director General, Software Technology Park of India (STPI) and Mr. Ashok Chandak, Former Chairman, IESA & Member PMG of Electropreneur Park and Sr. Director, Global Sales & Marketing, NXP Semiconductors.
