Bangalore’s Dayananda Sagar Institutions To Groom Minimum 1,000 Startups – The Economic Times

Dayananda Sagar Institutions will set up a one-stop plug and play incubator in the heart of Electronic City in South Bangalore for startups in the electronic system design and manufacturing (ESDM) space. “Talks are on to get angel investors, venture capital funds and experts in mentoring , go-to-market strategists and IPO advisories under one roof,” said MN Vidyashankar, chairman of Indian Electronics and Semiconductor Association (IESA). “This will help these startups in the post-incubation stage as they do not have to knock on multiple doors for their proposals to take off.” ESDM includes electronic products and components, semiconductor design and electronic manufacturing services. Formulate IP, a Bangalorebased patenting office has already come on board, as a large number of publications and patents are expected from the set-up. Dayananda Sagar has invested Rs 35-40 crore to set up the infrastructure. IESA said in addition to being a knowledge partner, it will contribute towards common facilities like data centres and other equipment. “It would become a super market for industry to come and experiment, buy, manufacture, test and do a wide variety of activities,” said Professor R Janardhan, senior executive vice president, at Dayananda Sagar, who said this facility could lead to the creation of an ESDM manufacturing cluster as an extension of the innovation campus. Although the incubation centre is open to all startups, students from Dayananda Sagar would be given a preference, he said. Even as the specifics of focus verticals are still being sketched out, Janardhan said startups with a working on areas, such as VLSI (very largescale integration) and chip design, will be incubated here. Also, unlike traditional incubators, startups will not have a limited time in the centre. “They will remain until they have a go-to-market strategy in place,” said Vidyashankar.
For the original version including any supplementary images or video, visit http://economictimes.indiatimes.com/news/emerging-businesses/startups/bangalores-dayananda-sagar-institutions-to-groom-minimum-1000-startups/articleshow/37986931.cms

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