Delhi University is set to launch an ‘electropreneur’ park after signing a memorandum of understanding with state backed Software Technology Parks of India (STPI) and India Electronics and Semi-conductors Association (IESA).

The deal will see STPI and IESA funnel $3.4m into the university, which it will use to set up an incubator on campus to further development of electronic design and manufacturing startups coming out of the institution.

Sanjeev Singh, a member of the Projects Monitoring Committee overseeing the development,…