Hubli ESDM Exchange For Startups To Be Launched: Report

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  • Karnataka Innovation and Technology Services (KITS) of Government of Karnataka, India Electronics and Semiconductors (IESA) and KLE Technological University will jointly establish the incubation centre Hubli ESDM Exchange
  • The centre with 5,000 sq ft of office space at the University Tech Park has a world-class ESDM lab for prototype, Electronics Enabling Lab (EEL), Maker Space and Tinkering Lab

As per a report by the New Indian Express, Karnataka Innovation and Technology Services (KITS) of Government of Karnataka, India Electronics and Semiconductors (IESA) and KLE Technological University will jointly establish the incubation centre Hubli ESDM Exchange (HEX) to support start-ups in ESDM areas. It will be virtually launched on second December.

Indian Electronic System Design Manufacturing (ESDM) is estimated to reach $400 billion by the next decade. The report added that the centre with 5,000 sq ft of office space at the University Tech Park has a world-class ESDM lab for prototype, Electronics Enabling Lab (EEL), Maker Space and Tinkering Lab in its campus and an SMT line for validation testing machines nearby.

Centre will support ESDM startups

As per the report, the centre will support ESDM startups with a complete incubation programme, access to labs, mentoring, funding support and scale-up programmes. Dr Satya Gupta, Chairman, IESA, said that they are aiming to help incubate and nurture 1,000 ESDM start-ups in India. It will build a Rs 1 lakh crore business and create 10 lakh jobs in this sector.

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