About

Electropreneur Park, Bhubaneswar : An ESDM Centre of Entrepreneurship (CoE) established by STPI at STPI Elite ,Bhubaneswar launches SUCCESS – Open Challenge Program 2.0

Objectives: Electropreneur Park (EP), Bhubaneswar is an ESDM Incubation Centre set up by STPI, with support from Ministry of Electronics & IT (MeitY), Govt. of India and Govt. of Odisha as part of its PAN India initiative to create a network of Centres of Entrepreneurship. EP-BBSR is equipped with state-of-the-art advanced Lab, plug & play facilities for incubatees in the CoE. EP BBSR brings in a pool of mentors, academicians, investors & consultants in market intelligence with the major focus on patenting, converting ideas into successful products. This will help in accelerating innovation, enabling industry-oriented research and development of the talent pool in the ESDM domain.

WHO CAN APPLY

1. Entity working towards innovation, development or improvement of products, processes or services or if it is a scalable business model with high potential of employment generation or wealth creation. Entity should not have been formed by splitting up or reconstructing an already existing business.
2. Start-ups registered with DPIIT under start-up India programme are encouraged to participate in this program.
3. Individual Academicians, Researchers, Educators, Entrepreneurs, partnership firms, LLPs may also participate. However, if they are selected then they will have to register as private limited company in a stipulated time (preferably within 3 months).

FOCUS AREAS

1. Education
2. Process control & Automation
3. Energy
4. Disaster Management
5. Smart City Applications
6. Healthcare
7. any other innovative ESDM proposals

SELECTION PROCESS

Pre-Screening, Screening &Onboarding

1. Startup Selection & Evaluation Committee for Screening, Evaluation & Selection/Onboarding.
2. All the applications received shall be subject to a rigorous centralized multi-tier screening process with involvement of appropriate experts from respective domain and/or location as deemed fit.
3. Decision of the SSEC shall be final & binding on all.

DURATION

Application submission– Start Date 20th September 2021

Application submission– End Date 20th October 2021

OFFERINGS

Target Beneficiaries: 40 start-ups are expected to be benefitted over a period of 5 Years.

INCENTIVES

Facilities & Services

The services available for the beneficiaries of Electropreneur Park, Bhubaneswar shall include

1. Physical infrastructure including state-of-the-art Ready-to-Work Plug & Play space
2. Pre-Incubation, Incubation & Virtual Incubation
3. State-of-the-art FabLab & ESDM Lab with advanced testing & measuring equipment, HV testing equipment, Domain specific software tools for the startups including MSOs, DC programmable power supplies, Electronic load, ORCAD PCB design suite, Arbitrary Signal generators, Environmental test chambers etc.
4. Inhouse component bank covering wide range of evaluation boards, components to quick support the ESDM startups during their product development.
5. Financial assistance up to 50k for Components and Other services
7. Seed fund of Rs. 2.5 Lakhs to the startups incubated at Electropreneur Park-Bhubaneswar
8. Access to Reference Design Library
9. High Speed Internet Access
10. Direct mentoring from stalwarts of business/tech domain
11. Access to VC funding
12. Technical& Marketing Support
13. Access to 19+ CoE Labs PAN India
14. Facilitate collaboration with Government agencies & Industry
15. On-field demonstration of the solutions/products developed by startups
16. Legal, Accounting, IPR/Patenting Facilitation & other support Service.
17. Cross border collaboration via international promotional agency partners.
18. Selected startups get opportunity to pilot their product in global markets
19. Sponsorship to National/International level events to showcase your products for global exposure
20. Opportunity for joint R&D with corporate houses, industry & academia

Key take-aways on onboarding

1. 12 months free software: MATLAB, Simulink and 90+ add-on products with up to 10 licenses per company Training on MATLAB, Simulink and deep learning onramps, online self-paced tutorials and 50% off Training Credits usable for all on-line and public classes
2. Portfolio Package: $5,000 AWS Promotional Credit, valid for up to 2 years. AWS Promotional Credit is designed to help you get started on AWS.
3. Financial assistance up to 50k for Components and Other services

Timeline

Organized By

Stakeholders & Partners