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Electropreneur Park, Bhubaneswar (A Centre of Entrepreneurship in Electronic System Design & Manufacturing(ESDM) ) is set up by Software Technology Parks of India (STPI) with support from Ministry of Electronics & IT, Government of India and Government of Odisha to promote ESDM Startups and create a holistic eco-system for encouraging R&D, innovation, Product development, Entrepreneurship in the ESDM sector in Bhubaneswar, Odisha.

As part of this initiative EP-Bhubaneswar with support from Bhubaneswar Smart City Ltd. (BSCL) had organized a Pan India Virtual Acceleration Program for Smart City Solutions namely Smart City Challenge & Outcome for Urban Tansformation (SCOUT 2021) and the Valedictory & Product Showcase event . The objective of SCOUT was to invite Innovative Products & Solutions from the Startups for mitigating Smartcity problems and making the city life better as well as bringing transformation through disruptive technologies.

The virtual event was graced by Shri Arvind Kumar, DG, STPI, Shri Bhuvnesh Kumar, Joint Secretary, Ministry of Electronics & IT, Government of India, Shri Sanjay Kumar Singh, Commissioner, Bhubaneswar Municipal Corporation & CEO Bhubaneswar Smart City Limited, Shri Manas Panda, Director, STPI Bhubaneswar, Shri Subodh Sachan, Director, STPI Startup and Innovation Promotion & CEO, STPINEXT, Shri K Krishna Moorthy, President cum CEO, IESA, Shri R D Pai, Excelpoint Systems Pte Ltd, Shri Dinesh Tiwari, Director-Business Development Singapore IoT Consortium,Shri Chris Heyes, Director UK India Business Council,System Integrators and Tech Partners.

In this regard, a virtual exhibition was launched by Shri Bhuvnesh Kumar, Joint Secretary, Ministry of Electronics & IT, Government of India to showcase the products of the 26 finalists developed in SCOUT

Among rewards, Cash prize up to 3 Lakhs, 2 Lakhs & 1 Lakh weregiven to the Winner(Cocoslabs Innovative Solutions), 1st runner up( Earthzy Technology Solutions)& 2nd runner up(Racketail Solutions) respectively. Individual cash prize up to INR 50 Thousand each to 4Best performing Teams(Fuselage Innovations, Malhari Projects, Backyard Creators, Ewarn Systems). Reimbursement has been made up to INR 20k per participant for Components, Development boards and other services required to making the POC. Among other Key take aways, the Winners shall get Real time implementation of POCs selected in the Hackathon.

The Program was supported by Excelpoint Systems, L&T smart world, Ashoka Buildcon, Singapore IOT Consortium, Shapoorji Pallonji, Microchip, Zeliot, Xilinx, ADI, VaanInfra, CSM Technologies, Innovative & Iwave.

Speaking on the occasion. Shri Arvind Kumar, Director General, stated that with support and collaborative efforts of Industries the mission of STPI and Electorpreneur Park-Bhubaneswar,the outcome of SCOUT will be far reaching to achieve more than the desired goals and promote Startups & entrepreneurship in the field of ESDM.
Shri Bhuvnesh Kumar, Joint Secretary, Ministry of Electronics & IT Government of India, emphasized on the boost that ESDM sector and hardware industry will achieve by 2025. Shri Sanjay Kumar Singh, Commissioner, Bhubaneswar Municipal Corporation & CEO Bhubaneswar Smart City Limited stated that SCOUT will be a launching platform for the Startups who have come up with path breaking solutions in Smart city applications and achieving the goals for ensuring better quality of life for our citizens.

Shri Manas Panda, Director, STPI-Bhubaneswar voiced on the synergizing effect for startups with Govt. body & industries in developing innovative solutions.

The meeting was moderated by Ms. Lopa Mishra Jana, Chief Operating Officer of Electropreneur Park, Bhubaneswar and Shri S.R Patra, Joint Director, STPI delivered Vote of Thanks. All Participants of SCOUT and around 200 Startups participated in the event.

The value of software exports from the Software Technology Parks of India units is expected to be at over Rs 5 lakh crore during FY22, almost similar levels or a tad higher than the previous year, Arvind Kumar, Director General of STPI said.

The surge in COVID cases driven by the fast-spreading Omicron variant is not expected to disrupt the performance of units registered under the STPI scheme with proven remote working protocols already in place, according to a top official. The value of software exports from the Software Technology Parks of India units is expected to be at over Rs 5 lakh crore during FY22, almost similar levels or a tad higher than the previous year, Arvind Kumar, Director General of STPI said.

The safety protocols activated during the previous waves of COVID have resulted in the adoption of an effective remote working model, and the digital nature of work has enabled STPI units to maintain continuity of services without disruption.

The value of software exports from units registered under the STPI scheme is expected to be a little over Rs 5 lakh crore during FY22, against nearly Rs 4.96 lakh crore in FY21, Kumar said.

"We will not fall short of the levels achieved in FY21, given that remote working model has matured and is proven. All the enabling provisions for work from home are already in place, and online approval procedure is ongoing," Kumar told PTI.

Hence, the rising cases of Omicron in the country are not expected to disrupt the performance or business of these software units, he added.

As many as 4,689 units are registered under the SPTI scheme.

Software Technology Parks of India or STPI is an autonomous body under the Ministry of Electronics and Information Technology (MeitY) set up to encourage, promote and boost software exports from India.

STPI aims to fuel a culture of tech entrepreneurship and innovation in the country by launching 25-plus Centres of Entrepreneurship in emerging technology domains.

It is one of the largest tech incubators in India with an area of about 13 lakh square feet spread across various Tier 1/2/3 cities. It is also assisting in the formulation of India BPO Promotion Scheme 2.0. Also, to strengthen the electronics sector STPI has undertaken a rolling out of the Electronics Manufacturing Clusters (EMC 2.0) Scheme.

It has been working with a focus for promotion of IT and IT-enabled services exports from the country by providing single window regulatory services under STP and Electronic Hardware Technology Park (EHTP) schemes, plug and play incubation facilities for the start-up companies and young entrepreneurs as well as high-speed data communication services for seamless access for offshore IT/ITES exports.

To build leadership and create next wave of budding entrepreneurs in the emerging sectors of technology like IoT, Blockchain, FinTech, AI, AR/VR, ESDM, Data Science & Analytics, Medical Electronics & Healthcare, Gaming & Animation, ML, Cyber Security, etc., STPI has announced setting up of 25-plus CoEs in specific domains spread across India.

AIC STPINEXT INITIATIVES” is a section 8 company incorporated by STPI to act as the nodal agency and common implementation vehicle for various startup and entrepreneurial activities at STPI.

AIC STPINEXT Initiatives (STPINEXT), a special purpose vehicle of Software Technology Parks of India (STPI), an organisation under the Ministry of Electronics and Information Technology (MeitY) has signed two memorandums of understanding (MoUs), one with HDFC Bank, a well known Indian bank and another with Excelpoint Systems India Pvt. Ltd., a niche technology player for fostering entrepreneurship and nurturing tech startups in the country. These partners would play critical role in supporting and handholding the startups in the growth journey through technical guidance & assistance, mentoring, pitching to investors, funding support, and market connect & access etc.

To build leadership and create next wave of budding entrepreneurs in the emerging sectors of technology like Internet of Things (IoT), Blockchain, FinTech, Artificial Intelligence (AI), Augmented & Virtual Reality (AR/VR), ESDM, Data Science & Analytics, Medical Electronics & Healthcare, Gaming & Animation, Machine Learning, Cyber Security etc., STPI has announced setting up of 25-plus Centres of Entrepreneurship (CoEs) in specific domains spread across India.

Speaking on the occasion Shri Arvind Kumar, DG, STPI highlighted, “STPI continuously is looking to strengthen the technology startup ecosystem and signing of MoUs today is a step forward. Today, India is a hot bed for innovation, and tech startups are in the centre stage to leapfrog this technology revolution. Technology will continue to play a dominant role in coming decade and government through its various initiatives working towards making India the largest startup ecosystem of the world.”

Shri Akhilesh Roy, Branch Banking Head - North & National Head – Sales Excellence & Transformation, HDFC Bank said, “Software exports from India today stand at $142 billion. STPI is doing an excellent job in boosting IT/ITeS exports from the country. There are 83 unicorns in the country today, of which 42 added in 2021 alone. STPI is one of the prominent institutes supporting the startup ecosystem. We are extremely committed to the growth of startup ecosystem. This MoU is a small step towards supporting the startup ecosystem through STPI & STPINEXT.”

Mr. Stanley Chan, Senior Vice President Operations, Excelpoint Systems (Pte) Ltd, accentuated, “Startup is the future of technology. Excelpoint Systems is planning to expand its support for the startup ecosystem. For last 25 years, we are helping startups to bring their products to market. 20 CoEs launched by STPI is a commendable milestone. The signing of MoU is a step towards continuing our efforts to strengthen the startup ecosystem in India.”

“STPI is working towards building a robust startup ecosystem. Till today, we have launched 20 CoEs in various emerging technologies across India. Electropreneur Park-Delhi has supported 51 startups in ESDM domain and created 33 IPs. The success of our startups is pivoted on our collaborative model,” cited Shri Subodh Sachan, Director, STPI & MD & CEO, STPINEXT.

AIC STPINEXT Initiatives (STPINEXT), a special purpose vehicle of Software Technology Parks of India (STPI), an organisation under the Ministry of Electronics and Information Technology (MeitY) has signed two memorandums of understanding (MoUs), one with HDFC Bank, a well known Indian bank and another with Excelpoint Systems India, a niche technology player for fostering entrepreneurship and nurturing tech startups in the country. These partners would play critical role in supporting and handholding the startups in the growth journey through technical guidance & assistance, mentoring, pitching to investors, funding support, and market connect & access etc.

To build leadership and create next wave of budding entrepreneurs in the emerging sectors of technology like Internet of Things (IoT), Blockchain, FinTech, Artificial Intelligence (AI), Augmented & Virtual Reality (AR/VR), ESDM, Data Science & Analytics, Medical Electronics & Healthcare, Gaming & Animation, Machine Learning, Cyber Security etc., STPI has announced setting up of 25-plus Centres of Entrepreneurship (CoEs) in specific domains spread across India.

Speaking on the occasion Arvind Kumar, DG, STPI highlighted, “STPI continuously is looking to strengthen the technology startup ecosystem and signing of MoUs today is a step forward. Today, India is a hot bed for innovation, and tech startups are in the centre stage to leapfrog this technology revolution. Technology will continue to play a dominant role in coming decade and government through its various initiatives working towards making India the largest startup ecosystem of the world.”

Akhilesh Roy, Branch Banking Head – North & National Head – Sales Excellence & Transformation, HDFC Bank said, “Software exports from India today stand at $142 billion. STPI is doing an excellent job in boosting IT/ITeS exports from the country. There are 83 unicorns in the country today, of which 42 added in 2021 alone. STPI is one of the prominent institutes supporting the startup ecosystem. We are extremely committed to the growth of startup ecosystem. This MoU is a small step towards supporting the startup ecosystem through STPI & STPINEXT.”

Stanley Chan, Senior Vice President Operations, Excelpoint Systems (Pte) Ltd, accentuated, “Startup is the future of technology. Excelpoint Systems is planning to expand its support for the startup ecosystem. For last 25 years, we are helping startups to bring their products to market. 20 CoEs launched by STPI is a commendable milestone. The signing of MoU is a step towards continuing our efforts to strengthen the startup ecosystem in India.”

 “STPI is working towards building a robust startup ecosystem. Till today, we have launched 20 CoEs in various emerging technologies across India. Electropreneur Park-Delhi has supported 51 startups in ESDM domain and created 33 IPs. The success of our startups is pivoted on our collaborative model,” cited Subodh Sachan, Director, STPI & MD & CEO, STPINEXT.

STPI Signs MoUs to Strengthen Tech Startup Ecosystem 

AIC STPINEXT Initiatives (STPINEXT), a special purpose vehicle of Software Technology Parks of India (STPI), an organisation under the Ministry of Electronics and Information Technology (MeitY) has signed two memorandums of understanding (MoUs), one with HDFC Bank, a well known Indian bank and another with Excelpoint Systems India Pvt. Ltd., a niche technology player for fostering entrepreneurship and nurturing tech startups in the country. These partners would play critical role in supporting and handholding the startups in the growth journey through technical guidance & assistance, mentoring, pitching to investors, funding support, and market connect & access etc. 

To build leadership and create next wave of budding entrepreneurs in the emerging sectors of technology like Internet of Things (IoT), Blockchain, FinTech, Artificial Intelligence (AI), Augmented & Virtual Reality (AR/VR), ESDM, Data Science & Analytics, Medical Electronics & Healthcare, Gaming & Animation, Machine Learning, Cyber Security etc., STPI has announced setting up of 25-plus Centres of Entrepreneurship (CoEs) in specific domains spread across India. 

Speaking on the occasion Shri Arvind Kumar, DG, STPI highlighted, “STPI continuously is looking to strengthen the technology startup ecosystem and signing of MoUs today is a step forward. Today, India is a hot bed for innovation, and tech startups are in the centre stage to leapfrog this technology revolution. Technology will continue to play a dominant role in coming decade and government through its various initiatives working towards making India the largest startup ecosystem of the world.”

Shri Akhilesh Roy, Branch Banking Head - North & National Head – Sales Excellence & Transformation, HDFC Bank said, “Software exports from India today stand at $142 billion. STPI is doing an excellent job in boosting IT/ITeS exports from the country. There are 83 unicorns in the country today, of which 42 added in 2021 alone. STPI is one of the prominent institutes supporting the startup ecosystem. We are extremely committed to the growth of startup ecosystem. This MoU is a small step towards supporting the startup ecosystem through STPI & STPINEXT.”

Mr. Stanley Chan, Senior Vice President Operations, Excelpoint Systems (Pte) Ltd, accentuated, “Startup is the future of technology. Excelpoint Systems is planning to expand its support for the startup ecosystem. For last 25 years, we are helping startups to bring their products to market. 20 CoEs launched by STPI is a commendable milestone. The signing of MoU is a step towards continuing our efforts to strengthen the startup ecosystem in India.”

“STPI is working towards building a robust startup ecosystem. Till today, we have launched 20 CoEs in various emerging technologies across India. Electropreneur Park-Delhi has supported 51 startups in ESDM domain and created 33 IPs. The success of our startups is pivoted on our collaborative model,” cited Shri Subodh Sachan, Director, STPI & MD & CEO, STPINEXT.

Brief About MoU Partners:    

STPI

Established on 5th June 1991, Software Technology Parks of India (STPI), an autonomous society under the Ministry of Electronics & Information Technology (MeitY), Government of India, has since emerged as the growth driver of Indian IT/ITeS/ESDM industry. With a mandate to promote software and electronic hardware exports from the country by implementing Software Technology Park (STP) & Electronic Hardware Technology Park (EHTP) Schemes, STPI pioneered the ease of doing business for policy governance in India by building a robust ecosystem to provide single window clearance services, world-class internet connectivity, state-of-the-art incubation facilities and other infrastructure services to encourage, promote and boost software exports.

With 11 jurisdictional directorates and 62 centres of which 54 in Tier-2/3 cities, STPI has expanded its presence pan-India to promote software exports, R&D, innovation, and tech-driven entrepreneurship to tier-II/III cities. Working closely with all stakeholders, STPI has played a key role in transforming the country as the preferred IT destination, a fact that aptly proven by the stupendous growth in exports by STPI-registered units from Rs. 52 crores in 1992-93 to Rs. 4,96,313 crores in 2020-21.

STPINEXT

“AIC STPINEXT INITIATIVES” is a section 8 company incorporated by STPI to act as the nodal agency and common implementation vehicle for various startup and entrepreneurial activities at STPI.

HDFC Bank
HDFC Bank is one of the leading private Sector Banks in India providing multifarious banking services. The Bank has pioneered various customer centric initiatives in the Indian banking sector. In recent times, HDFC Bank has majorly focused on supporting startups. As a part of the renewed focus, HDFC Bank has setup special centres for startups in the country.

Excelpoint Systems India Pvt Ltd.
Excelpoint Systems India Pvt Ltd.  is a subsidiary of Singapore based Excelpoint Systems (PTE) Ltd. It is a business-to-business (B2B) platform which provides quality electronic components, engineering design services and supply chain management to original equipment manufacturers (OEMs), original design manufacturers (ODMs) and electronics manufacturing services (EMS). It offers a broad range of products technology building blocks for hardware design like FPGA, Memory, Processor, Analog, RF, Sensors, Relays, Connectivity modules etc. from global leading brands.

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