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Electropreneur 2.0 Brings Hardware Startup Funding Beyond Bengaluru
Electropreneur 2.0 is a government-backed programme for technology startups.
It is designed to help people build electronic products, not just software.
The programme has Rs 47 crore and hopes to support 500 startups.
Many of these startups may come from smaller cities instead of Bengaluru.
Eleven local centres will offer funding, advice, laboratories and testing facilities.
An earlier programme helped 59 startups create products, patents and revenue.
The new programme wants to help more ideas become businesses that customers can buy from.
It is part of India’s larger effort to grow its semiconductor and electronics industries.
The government will provide support, but startups will still be responsible for making their businesses succeed.
Electropreneur 2.0 has a Rs 47 crore outlay and aims to support 500 electronic-system and semiconductor startups.
The programme prioritizes innovators in Tier-2, Tier-3 and Tier-4 cities through 11 spoke centres across northern India.
Support includes seed funding, pre-incubation, acceleration, accountable mentorship, laboratories, testing facilities and design tools.
Electropreneur 1.0 supported 59 startups that filed 66 patents, developed 129 products and generated about Rs 150 crore in revenue.
The initiative seeks to turn intellectual property into commercial products as part of India’s broader semiconductor and electronics strategy.
- Who
- The Software Technology Parks of India, the National Institution for Transforming India Aayog, IIIT-Delhi, the India Electronics and Semiconductor Association, corporate social responsibility partners and participating incubators are supporting innovators and startups.
- What
- Electropreneur 2.0 is a Rs 47 crore programme targeting 500 startups in Electronic System Design and Manufacturing.
- Where
- It was announced in Delhi and will operate through 11 spoke centres across northern India, including institutions in Chandigarh, Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Rajasthan, Uttar Pradesh and Uttarakhand.
- When
- The programme was announced at the STPI Electropreneur Summit; the articles do not provide a specific event date.
- Why
- The programme aims to expand electronics and technology entrepreneurship beyond major metros, commercialize intellectual property and strengthen India’s semiconductor and electronics ecosystem.
Key facts
- Programme
- Electropreneur 2.0
- Total outlay
- Rs 47 crore
- NITI Aayog contribution
- Around Rs 17 crore
- Startup target
- 500 Electronic System Design and Manufacturing startups
- Local network
- 11 spoke centres
- Earlier phase
- Electropreneur 1.0 supported 59 startups
- Earlier results
- 66 patents, 129 market-ready products, 27 trademarks and around Rs 150 crore in revenue
Quotes
KK Singh
Joint Secretary at India’s Ministry of Electronics and Information Technology.
“India’s technology journey is entering a crucial next stage combining our proven global leadership in software with an aggressive push toward Electronic System Design and Manufacturing and semiconductors.”
financialexpress.com
“Our true benchmark for success will be converting this immense talent into commercialised intellectual property and globally competitive products.”
financialexpress.com
Sources
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