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The Software Technology Park of India (STPI), an organization under Ministry of Electronics and Information Technology (MeitY), Government of India, has inaugurated new incubation centre for electronics and IT startups in Orissa state.

The state of the art new facility named as “STPI ELITE” is located at Gothapatna locality in Bhubaneswar City and was inaugurated on Saturday by Mr.Ravi Shankar Prasad, Minister for MeitY, and Mr Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship.

Sprawling across around 3 acres of land at IDCO Knowledge Zone, Gothapatna with investment of approximate Rs. 50 Crores, the STPI ELITE will also house STPI’s Fabrication Lab (Fab Lab) and ESDM Incubation, data centre in collaboration with Massachusetts Institute of Technology (MIT) of USA, ESDM Incubation & Data centre to cater the need of the IT, ITES and ESDM (Electronic System Design & Manufacturing) industries.

The facility can accommodate more than 100 entrepreneurs and offers many facilities beyond plug and play models, which are new in the state.

STPI ELITE’s Incubation Program will offer other modern facilities like Network Operation Centre, High Speed Data Communication, Cloud services, Plug & Play, semi furnished & Co-working IT space, Convention Hall, Conference, My Space, Language Lab, Cafeteria, Business Lounge, Bank/ATM, Amphitheatre & modern Building Management& other common Services. Recently STPI ELITE has been included in the Rental Subsidy Scheme of Government of Odisha under which the Incubatees can avail the facility at an affordable cost and ensure a sustainable growth.

It will also offer a strong platform to leverage STPI’s rich experience in technology implementation, creation of incubation, Industry facilitation, linking to Industries & Industrial Mentorship and facilitate smooth flow of knowledge and sharing of infrastructure between STPI Incubates/IT/ITES/ESDM start-ups for to promote entrepreneurship & innovation.

The Integrated facilities will work as an Innovation Hub which would encourage Innovation, IPR creation, Product Development and offer a vibrant ecosystem for building a maker culture among the young techno-entrepreneurs, Start-ups and boost the IT exports from the region.

In last five years gone by, STPI had made many announcements for promoting electronics and IT startups in India and back in 2015, STPI made Rs.22 crore partnership with India Electronics and Semiconductor Association (IESA) to set up an ‘Electropreneur Park’, aimed at supporting 50 startups working on electronics product designing and development over the next five years.

In August 2016, STPI did open an Electropreneur Park at University of Delhi, South Campus with an aim to incubate 50 early stage start-ups and create at least 5 global companies over a period of 5 years.

Source – Business Standard | Orrisa Diary

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Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

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