Apply for Seed Fund Incubator at Electropreneur Park Bhubaneswar

Introduction

India’s startup ecosystem is witnessing unprecedented growth, driven by innovation, digital adoption, and supportive policies. Yet, one of the biggest challenges for early-stage entrepreneurs remains funding and ecosystem support — the gap between ideation and commercialization.

To bridge this critical gap, Electropreneur Park Bhubaneswar was established as a specialized incubation centre focusing on Electronics System Design and Manufacturing (ESDM) startups. It operates under the Software Technology Parks of India (STPI) initiative, supported by the Ministry of Electronics and Information Technology (MeitY), Government of India.

Through its Seed Fund and Incubation Program, the park empowers hardware and electronics startups to move from concept to market-ready products with mentorship, lab access, and early financial assistance.

If you’re a founder working on innovations in electronics, IoT, embedded systems, or similar domains, this guide provides a step-by-step roadmap on how to apply for the Seed Fund Incubation Program at Electropreneur Park, Bhubaneswar — covering eligibility, process, benefits, and success stories.

1. About Electropreneur Park Bhubaneswar

Electropreneur Park Bhubaneswar (EP-BBSR) is a premier incubation facility set up to nurture ESDM startups in Eastern India. It’s a joint initiative by STPI, MeitY, and IIIT Bhubaneswar, serving as a regional hub for innovation, design, and entrepreneurship.

The Park focuses on providing a complete ecosystem for startups — from design and prototyping to commercialization — enabling innovators to transform their hardware ideas into scalable businesses.

Vision

To make Odisha and Eastern India a leading hub for ESDM startups by nurturing technology-driven entrepreneurs who can contribute to India’s self-reliance in electronics manufacturing.

Mission

Promote innovation and entrepreneurship in ESDM and allied sectors.
Provide incubation, mentorship, and funding for early-stage hardware startups.
Create a pipeline of investment-ready ventures contributing to “Make in India” and “Digital India”.
Build a strong network connecting academia, industry, and government agencies.

Key Highlights

✅ Established under STPI and supported by MeitY, Government of India.
✅ Located in IIIT Bhubaneswar campus — offering access to labs, research facilities, and mentors.
✅ Focused exclusively on Electronics, IoT, AI, Embedded Systems, and Hardware Product Development.
✅ Equipped with advanced prototyping labs and co-working infrastructure.
✅ Offers Seed Funding up to ₹50 lakhs under the Startup India Seed Fund Scheme (SISFS).

Electropreneur Park Bhubaneswar stands as a critical enabler for founders developing India’s next-generation hardware and electronic solutions.

2. Understanding the Seed Fund Incubation Program

The Seed Fund Program at Electropreneur Park Bhubaneswar operates under the Startup India Seed Fund Scheme (SISFS) — a Government of India initiative to provide early-stage financial support to startups.

Objectives of the Seed Fund Program

Support prototype development, product testing, and market entry.
Bridge the gap between proof-of-concept and commercialization.
Enable early-stage startups to become investor-ready.
Encourage ESDM innovation aligned with India’s manufacturing ecosystem.

Funding Components

Grant Support — up to ₹20 lakhs
For idea validation, prototype development, and testing.
Investment Support — up to ₹50 lakhs
As debt, equity, or convertible instruments for market entry and commercialization.

This structure allows startups to receive support at both ideation and scaling stages, depending on readiness and milestones achieved.

3. Eligibility Criteria

Before applying, startups must meet both SISFS and Electropreneur Park-specific eligibility norms.

Basic Eligibility

✅ Must be a DPIIT-recognized startup under the Startup India initiative.
✅ Should be incorporated as a Private Limited Company, LLP, or Registered Partnership Firm.
✅ The startup should be less than 10 years old from the date of incorporation.
✅ Annual turnover should not exceed ₹100 crore in any financial year.
✅ Must not have received ₹10 lakh or more under any other SISFS funding earlier.

Program-Specific Eligibility

✅ Startup must operate in Electronics, IoT, Hardware, ESDM, or related technologies.
✅ Must have a proof-of-concept or prototype ready for testing or pilot.
✅ Founder(s) should demonstrate technical expertise and business commitment.
✅ The startup should be willing to incubate physically or virtually at Electropreneur Park Bhubaneswar.

Meeting these criteria ensures that the startup aligns with the incubator’s sectoral focus and can effectively utilize its technical ecosystem.

4. Step-by-Step Application Process

Applying for the seed fund incubation program is straightforward but requires careful preparation.

Here’s a step-by-step breakdown:

Step 1: Register on the SISFS Portal

Visit the Startup India Seed Fund Scheme Portal.
Log in using your registered Startup India credentials.
Ensure your DPIIT recognition is active.

Step 2: Choose Electropreneur Park, Bhubaneswar

From the list of approved incubators under SISFS, select Electropreneur Park Bhubaneswar as your preferred incubator.

Step 3: Fill in Application Details

Complete the online application with the following details:
- Problem statement and proposed solution.
- Market potential and competitive landscape.
- Founding team profile.
- Prototype details and current traction.
- Funding requirement and utilization plan.

Step 4: Upload Required Documents

Attach the following:

DPIIT recognition certificate.
Certificate of incorporation.
Founders’ PAN and KYC details.
Business plan / pitch deck.
Financial statements (if applicable).
Prototype photos, test reports, or PoC validation.

Step 5: Screening & Evaluation

Your application is reviewed by an internal evaluation committee based on:

Innovation and uniqueness.
Technical feasibility.
Market potential.
Scalability.
Founders’ credibility and execution capability.

Step 6: Pitch Presentation

Shortlisted startups are invited to present before a panel of mentors, investors, and STPI officials. This presentation determines eligibility for funding and incubation.

Step 7: Onboarding and Disbursement

Once selected, startups sign an incubation agreement with Electropreneur Park Bhubaneswar. Funding is released in tranches tied to predefined milestones such as prototype completion, testing, and pilot launch.

5. Benefits of Getting Incubated at Electropreneur Park Bhubaneswar

Getting incubated here is not just about funding — it’s about ecosystem leverage.

Here are the key benefits:

✅ Seed Fund & Financial Support

Early-stage startups can access up to ₹50 lakh under SISFS, enabling them to move from idea to market with strong financial backing.

✅ Advanced Prototyping Facilities

Access to state-of-the-art ESDM and IoT labs, testing equipment, and manufacturing tools within the IIIT Bhubaneswar campus.

✅ Technical Mentorship

Guidance from domain experts, IIM/IIT alumni, and industry leaders specializing in electronics, embedded systems, and hardware design.

✅ Investor & Corporate Access

Startups get connected to angel investors, VCs, and corporate partners through demo days and networking sessions.

✅ Business Support Services

Legal, financial, and IP support to help startups formalize business operations, manage compliance, and protect their innovations.

✅ Academic Collaboration

Collaborations with IIIT Bhubaneswar and STPI enable research access, student collaboration, and technology validation.

✅ Visibility and Recognition

Being incubated under STPI and MeitY gives startups credibility and exposure in government and investor circles.

6. Focus Sectors

Electropreneur Park Bhubaneswar primarily supports startups in the Electronics and Hardware Innovation domains, including:

IoT and Embedded Systems
Consumer Electronics
HealthTech Devices
AgriTech Hardware
Renewable Energy Solutions
Automotive Electronics
Wearables and Sensors
Robotics and Automation
Industrial IoT

This sector-specific focus ensures targeted mentoring, technical assistance, and potential partnerships within relevant industries.

7. Success Stories and Impact

Electropreneur Park Bhubaneswar has supported several promising startups that are redefining India’s hardware and ESDM landscape.

Some notable examples include:

EzeRx Health Tech Pvt. Ltd. — A MedTech startup developing non-invasive devices for health monitoring, now scaling globally.
Phoenix Robotix Pvt. Ltd. — Known for their IoT-based environmental monitoring solutions.
SwitchOn — Working on industrial IoT systems for energy optimization.

These startups highlight the impact of a focused incubator that combines technical support with real-world business mentorship.

The park has so far incubated 50+ startups, many of which have gone on to secure follow-on funding and commercial success, collectively generating employment and driving the “Make in India” mission.

8. Why Choose Electropreneur Park Bhubaneswar

Here’s why this incubator is a standout choice for ESDM founders:

✅ Sector Focus: Exclusive support for electronics, IoT, and hardware startups.
✅ Government Backing: Supported by MeitY and STPI ensures reliability and national-level exposure.
✅ Technical Infrastructure: Access to advanced design, fabrication, and testing facilities.
✅ Strategic Location: Located in Bhubaneswar — a rising technology and education hub.
✅ Holistic Support: Funding, mentorship, networking, and go-to-market assistance — all under one roof.

Whether you’re building the next IoT solution or designing smart energy devices, Electropreneur Park Bhubaneswar provides the platform to scale confidently.

9. Contact Information

📍 Address:
Electropreneur Park Bhubaneswar
IIIT Campus, Gothapatna, Bhubaneswar, Odisha – 751003

📧 Email: info@epbhubaneswar.in
🌐 Website: www.epbhubaneswar.in
📞 Phone: +91-674-2653300

Conclusion

In an era where electronics innovation powers everything — from smart cities to digital health — India’s growth depends on visionary entrepreneurs who can transform ideas into tangible solutions.

Electropreneur Park Bhubaneswar stands as a cornerstone of this mission, helping founders move from concept to commercialization with mentorship, funding, and infrastructure.

If you’re an entrepreneur with a bold idea in electronics or IoT, now is the time to act. Apply for the Seed Fund and Incubation Program at Electropreneur Park Bhubaneswar and take the next step in your startup journey.

Your innovation could be the spark that lights up India’s next big tech revolution.

How to Apply for Seed Fund Incubator at Electropreneur Park, Bhubaneswar