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Centre to incubate electronics startups opened in K'taka
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SME Times News Bureau | 02 Dec, 2020
The state-run Karnataka Innovation and Technology Services (KITS) and
the India Electronics and Semiconductors Association (IESA) jointly
unveiled an incubation centre at Hubballi in north Karnataka on
Wednesday to promote startups in the Electronics System and Design
Manufacturing (ESDM) space.
"The 5,000-square feet incubation
centre in the Hubballi ESDM Exchange (HEX) of the KLE Technological
University campus has a world-class lab for prototype, Electronics
Enabling Lab (EEL), maker space and tinkering lab and an SMT line for
validation of testing machines in the vicinity," IESA chairman Satya
Gupta told reporters here.
"With the Indian ESDM market projected
to be $400 billion by this decade, it is imperative that the country
becomes self-sufficient (Atmanirbhar) with Indian firms driving the
electronics hardware market," noted Gupta on the occasion.
The centre will support the startups with access to labs, mentoring, funding and scale-up programmes.
"We
are aiming to help incubate and nurture about 1,000 ESDM startups
across the country to build a Rs 1-lakh crore business and generate
about 10-lakh jobs in the space during this decade," asserted Gupta.
The
state's department of Electronics, IT, BT, Science and Technology is
providing Rs 3.2 crore for the incubation centre's facilities.
"We
hope the proposed 1,000 ESDM startups will create about 10,000 IP
(Intellectual Propriety) patents over the next decade," added Gupta.
Vegam-io,
Skycraft Aerospace Ltd, Semiksha Semiconductors Ltd and Celium Devices
Ltd are some of the startups incubated in the KLE Centre for Technology
Innovation and Entrepreneurship in the university campus.
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