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, said: “The incubation park aims at providing budding entrepreneurs with tools that are generally very expensive. The Centre will not only provide the infrastructure but enable access to domain experts, mentors, shared consultants and services. It will also help innovators seek funding from foreign investors, venture capitalists and angel investors.”
