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IESA aims to create Rs 1,000 cr business, 1 mn jobs from startups in 5 yrs

In January, IESA signed a pact with STPI and IIIT-Bhubaneswar to establish an electronic system design and manufacturing incubator at Bhubaneswar

Press Trust of India  |  New Delhi 

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Electronics and electronic chip maker body expects to promote 100 to help them create 1,000 intellectual property rights (IPRs) and generate business worth Rs 1,000 crore in five years, a senior member of the association said.

The association also expects that these steps will lead to creation of a million jobs in the country.

"We have our charter according to which has to incubate 100 startups, help them create 1,000 IPRs, generate business worth Rs 1,000 crore and create 1 million jobs over next five years," executive council member Satya Gupta told PTI.

IESA, whose members include electronic chip makers Intel, Texas Instruments, Samsung Semiconductor, eInfochips etc, has entered into an agreement with Software Technology Parks of India (STPI) to set up incubation centre in every state.

India Electronics and Semiconductor Association (IESA) has set up its first incubation centre in Delhi University campus. The centre has been operational for more than two years and has successfully incubated 22 with a combined market valuation of Rs 150 crore.

In January, IESA signed a pact with STPI and IIIT-Bhubaneswar to establish an electronic system design and manufacturing incubator at Bhubaneswar.

IESA, along with Electronics Sector Skill Council of India and KLE Technological University, has established National ESDM Technology Research Academy (NETRA) in Hubli, Karnataka where it provides mentorship and guidance on chipsets required for developing technology.

"At all incubation centres we are helping students develop a concept into product. We are connecting them with investors, logistics support and other support required to develop their ideas into product," Gupta said.

He said IESA is working on a curriculum for colleges to teach them how to convert an idea into a product.

"We are now planning to scale up incubation centres and establish them closer to academic institutes in every state so that students become entrepreneur. We plan to set up incubation centre in every state. Even if are able to incubate in 20 states with the help of STPI, we will achieve our target," Gupta said.

He said IESA is focussing on to help develop intelligent electronics products.

First Published: Mon, January 21 2019. 18:40 IST
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