Saturday, April 19, 2014: The discussion was focussed on growth of electronics start-ups and the associated ecosystem, which is important to research and manufacturing capabilities in the fields of electronics and IT.
Electronics startups are the ones that can help in generating patents, opined the speakers at a CII programme on strategic Intellectual Property management. The speakers also discussed the priorities that can help in building the electronics industry in the country including seamless exchange of ideas between the industry, universities and research institutes.
The discussion was focussed on growth of electronics start-ups and the associated ecosystem, which is important to research and manufacturing capabilities in the fields of electronics and IT. The speakers said that a lot of efforts are required to position India as the hub for new-age electronics. They did recognise the innovations being explored in the country.
The experts emphasised on the seamless exchange of ideas between the industry and the academia. Setting up of full-fledged incubation centres at the educational institutions and encouraging entrepreneurial skills at the school level can help in achieving the above mentioned goals. BVR Mohan Reddy, chairman and managing director, Infotech Enterprises, said, “We expect establishment of 15-20 dedicated electronics incubation centres with the supporting ecosystem in place through public-private partnership.”
Reddy, who also holds the co-chair on CII National Committee on Design, informed that India needs 1,000 startups in the next 10 years, to create a strong and indigenous electronics and IT ecosystem.
It is worth mentioning here that there are very few domestic players in the electronics world, which is why a majority of demand for electronics goods in the country is met by imports. Rajat Kumar, commissioner of Industries, Andhra Pradesh, said, “The single biggest factor hindering electronics research in the country is lack of patent management services and awareness.”
