SANCTUM FOR ESDM TECH: INCUBATION CENTRE IIT PATNA
Electronics For You|March 2023
Hands that help are holier than lips that pray. The Incubation Centre IIT Patna is aiding and harbouring small entrepreneurs with a vision and ideas to come up with feasible solutions for common problems
Yashasvini Razdan
SANCTUM FOR ESDM TECH: INCUBATION CENTRE IIT PATNA

The electronics system design I and manufacturing ESDM) industry is touted to be the world’s fastest-growing industry, with India committing to raise production to 300 billion by 2025-26. A major chunk of this growth rests on the development and encouragement of new and emerging technologies introduced by startups and entrepreneurs.

To reach this target, the Ministry of Electronics and Information Technology MeitY) has set up incubation centres in different parts of the country to aid and encourage startup growth. One such incubator, nestled in the sprawling campus of IIT Patna, is the Incubation Centre IIT Patna, commonly known as IC IITP.

In 2014, MeitY approved a project to promote innovation and entrepreneurship in the ESDM industry with a special focus on medical electronics at a total estimated cost of ₹471 million, including a grantin-aid of ₹221 million from MeitY. The state government of Bihar has agreed to contribute ₹250 million to the project.

The incubation facility aims to incubate 50 startups over five years. The incubation centre offers seed funding of up to one million rupees for each project, along with mentorship, and helps the startups get connected with potential investors. The centre has processed more than 1,000 applications since its inception and has worked with more than 60 startups in medical electronics, healthcare, IoT, automation, robotics, waste management, industrial solutions, consumer electronics, and education.

Out of the many startups under its wing, Electronics For You got in touch with three innovative startups that have managed to set a benchmark in the ESDM sector with IIT Patna’s support.

INDIA’S PORTABLE POWER

This story is from the March 2023 edition of Electronics For You.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the March 2023 edition of Electronics For You.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM ELECTRONICS FOR YOUView All
'NAMASTE' ROBOT To Greets Visitors Automatically
Electronics For You

'NAMASTE' ROBOT To Greets Visitors Automatically

This robot, whose mechanical frame can be made of recycled materials, monitors people within its 100cm range using an ultrasonic module.

time-read
3 mins  |
March 2024
RFID BASED AUTHENTICATION SYSTEM Using Arduino
Electronics For You

RFID BASED AUTHENTICATION SYSTEM Using Arduino

The radio frequency identification (RFID) system used for identification and tracking of objects makes use of an RFID reader and a tag.

time-read
3 mins  |
March 2024
"MUSIC Is An Integral Part Of MY LIFE, And I Cannot Imagine My Life Without It"
Electronics For You

"MUSIC Is An Integral Part Of MY LIFE, And I Cannot Imagine My Life Without It"

Prof. V. Kamakoti, the esteemed Director of IIT Madras and the visionary pioneer behind India's groundbreaking indigenous computer microprocessor 'Shakti,' graciously shares his extraordinary journey. From his deep commitment to education and innovation to his passion for music and rural education, Prof. Kamakoti offers insights and shares his experiences in conversation with Sudeshna Das, Consulting Editor of the EFY Group

time-read
10+ mins  |
March 2024
"Efficiency In SOLAR ENERGY Is More About INVESTMENT RATIONALE Than Resource Limitation"
Electronics For You

"Efficiency In SOLAR ENERGY Is More About INVESTMENT RATIONALE Than Resource Limitation"

Indian utility-scale solar company SolarArise claims to offer investors long-term, cash-generating assets and anticipates advancements in energy storage technologies to enable 24-hour clean power at competitive prices. In a freewheeling chat with EFY's Yashasvini Razdan, SolarArise's Co-founder Tanya Singhal divulged interesting details about the company's business model, challenges, technological innovations, and future plans of contributing to the country's renewable energy goals

time-read
5 mins  |
March 2024
Roadmap To India's SEMICONDUCTOR PRODUCTISATION
Electronics For You

Roadmap To India's SEMICONDUCTOR PRODUCTISATION

As India strides towards semiconductor prowess, it invites us to ponder: Can this journey redefine global innovation and economic landscapes?

time-read
4 mins  |
March 2024
STARTUPS & INNOVATORS
Electronics For You

STARTUPS & INNOVATORS

1 EarthtronEV On Way To Becoming A Leader In EV Charging Stations. 2 Parova's Made-To-Order Drones And Unique Designs. 3 Ellotor's Versatile 'E-Trike' EV Offering Many Options

time-read
6 mins  |
March 2024
The Evolving Landscape Of VEHICLE CONTROL UNITS
Electronics For You

The Evolving Landscape Of VEHICLE CONTROL UNITS

Discover the latest advancements in vehicle control units, which include enhancing EV safety, integrating cutting-edge technologies, and steering towards sustainable mobility for a smarter, greener future

time-read
7 mins  |
March 2024
The Future Of Automotive Electronics: A2P MESSAGING In Connected Vehicles
Electronics For You

The Future Of Automotive Electronics: A2P MESSAGING In Connected Vehicles

From safety alerts to seamless communication, A2P messaging is revolutionising driving, delivering real-time updates, and enhancing safety in connected vehicles

time-read
7 mins  |
March 2024
ICE OR EV: Electronics Have Become The Central Thread
Electronics For You

ICE OR EV: Electronics Have Become The Central Thread

Is the end of the era of internal combustion engine-powered cars imminent? With this transition, what implications does it have for the component manufacturers serving the automotive industry? Moreover, is there space for new entrants to join the fray?

time-read
6 mins  |
March 2024
The Next Wave Of BLUETOOTH AUDIO
Electronics For You

The Next Wave Of BLUETOOTH AUDIO

More than a mere tech term, Auracast is about to change how we experience sound, with a simple search, scan, and tap-no complications

time-read
9 mins  |
March 2024