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Last Updated Sunday May 26 2019 05:58 AM IST

Government aims to incubate 50 early stage startups

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Startup representative image (Representative image)

New Delhi: Aiming to incubate 50 early stage start-ups and create at least five global companies over a period of five years, the Ministry of Electronics and Information Technology (MeitY), has set-up Electropreneur Park at University of Delhi, South Campus, an official statement said here on Saturday.

The park was inaugurated by Information Technology and Electronics Minister Ravi Shankar Prasad.

This incubation center has been set up through a consortium of the government, academia and industry represented by Software Technology Parks of India, Delhi University and Indian Electronics and Semiconductor Association.

The incubation center has already onboard six early stage startups, with a few more in the process of on-boarding. The startups under incubation were awarded the admission certificate also, the statement said.

Electropreneur Park has received over 200 proposals for incubation so far.

(With agency inputs)

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