An IESA / STPI Initiative to attract incubates for EP Bhubaneswar
The world is shifting towards Industry 4.0 and Society 5.0. This paradigm shift is creating the need for smart, sustainable, low-cost and efficient solutions for industry and for life in general. The need for solutions in these areas is projected to grow manifold in the coming decades.
The demand for electronics products in India is projected to grow at 41% CAGR to USD 400Bn by 2025. This increase will be a result of the projected spurt in disposable income and rising demand of the middle/working class, coupled with the needs of the industry to become more productive and globally competitive.
Adding to these, efforts such as Digital India, Smart Cities, Sustainable Transportation, Energy Efficiency by Government, central & state, will only enhance the demand and market for electronics and electronically-enabled products in the future.
While the above is the market end of the India Electronics story, products truly ‘made in India’, meaning designed and manufactured in India, are a recent phenomenon – mostly the last decade. With efforts such as Make-in-India, StartupIndia in the past few years, a welcome, growing focus has been placed on indigenous development of electronics products for 21st century needs, not just domestic but global.
Each startup will be allotted 15 minutes for presentation - the first 10 mins for demonstrating the product/platform and the next 5 mins for Q&A round (with jury)
Why Make @Indiathon # Makeathon
Recent collaborative initiatives by Government and industry associations such as Electropreneur Park – MEITY+IESA, CoE on IoT – MEITY+NASSCOM are few examples of efforts to promote indigenous electronics system design and manufacturing (ESDM) industry.
Added to these multiple state and central government initiatives provide subsidies, support to startups and micro-small-medium-enterprises (MSMEs) under their Electronics or Startup policies.
In the Information Technology (IT) domain, there’s a widespread prevalence of Hackathons, which are concerted efforts towards creating software applications in specified areas of interest. The Hackathon model has been very successful in galvanizing the IT community, industry with a Hackathon being commonplace in almost all University festivals, industry-promoted hackathons and government promoted hackathons.
It is IESA’s + STPI vision to create a similar focus on ESDM domain through the Makeathon to address the specific needs of ESDM domain, the 1 or 2 day Hackathon model cannot be duplicated for an Makeathon.