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Infineon and IESA Joined Hands to Nurture Promising Start-ups in the Electropreneur Park

21.02.2017 - 14:22:45

Infineon and IESA Joined Hands to Nurture Promising Start-ups in the Electropreneur Park. Supporting India's ambition to become a global start-up hub and leveraging on India's creativity and talent to co-develop innovative solutions

Business Wire India
Infineon Technologies India entered into an agreement with India Electronics and Semiconductor Association (IESA) to support the Electropreneur Park (EP), giving a major boost to the ‘Make in India’ and Start-up India initiatives. Infineon will work with start-ups incubated by EP, offering business and technical consultation and mentoring. The agreement was signed by Vinay Shenoy, Managing Director, Infineon Technologies India and K Krishnamoorthy, Chairman, IESA in the presence of Andrew Chong, President, Infineon Technologies Asia Pacific and in the presence of MN Vidyashankar, President, IESA.
Speaking on the occasion, Andrew Chong said, “India is fast emerging as an important market for Infineon in the Asia Pacific region and also a promising location to develop innovative products and solutions for our global needs.”
Vinay Shenoy added, “The Start-up India initiative by the government of India taps into a vast talent pool and creativity available in India. We are glad to work with EP to explore potential collaborations in hardware and software or systems product development.”
Commenting on the partnershipK Krishnamoorthy said, “India’s electronics system design and manufacturing (ESDM) market is expected to see rapid growth by 2020. With EP, we are building an ecosystem that fosters entrepreneurship and promotes innovation and growth. The support of Infineon through their CSR funds and International class of mentorship will have a multiplier effect on the incubatees thereby helping EP succeed.”
Sanjeev Chopra, CEO, Electropreneur Park said: “I appreciate the initiative taken by Infineon in supporting the incubation centre for ESDM start-ups. This initiative will take forward the support given by MNC's to start-up ecosystem in India.” 
Infineon and IESA jointly agreed to collaborate strategically in support of the incubator initiatives in the EP organized by IESA. 

About IESA
India Electronics and Semiconductor Association (IESA) is the premier trade body committed to the development of a vibrant Indian Electronics System Design and Manufacturing (ESDM) ecosystem and evangelizing the dream of establishing “Brand India” that is recognized worldwide as a go-to destination for electronic products. Our vision is to bring the Indian industry, government and academia on a common platform and jointly work towards developing and promoting Made-in-India products for the global markets.
As a trade body, we share with our members – domestic and multinational companies – a common goal of improving their global positioning and, in the process, creating more avenues for business expansion on a global scale. As a knowledge partner, IESA shares a common vision with the Indian Government of building Brand India and putting the Indian ESDM industry on the global radar.
About Electropreneur Park
Funded by Ministry of Electronics & IT (MeitY), Government of India, the Electropreneur Park is the first of its kind Incubation Centre in India in the Electronic Systems Design & Manufacturing (ESDM) sector. It is managed by Software Technology Park of India (STPI); other stakeholders include Delhi University as the Academic Partner and India Electronics & Semiconductor Association (IESA). The Electropreneur Park will develop, promote, recruit, incubate, mentor and create breakthrough innovations in the ESDM sector. It is equipped with state-of-art facilities to promote ESDM innovation, R&D and create Indian IPs.
About Infineon
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2016 fiscal year (ending September 30), the company reported sales of about Euro 6.5 billion with more than 36,000 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
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