Global electronics industry comes together to hear and share innovative ideas
8th January 2016, Bangalore
EFY group along with ELCINA (Electronic Industries Association of India), ELCOMA (Electric Lamp and Component Manufacturers Association of India), IET Institution of Engineering and Technology),SMTA, IOTBLR and Maker’s Asylum today announced the India Electronics Week 2016(IEW 2016)starting from 11th till the 13th of January at the BIEC.
It was shared that six events would be coming together under the banner of India Electronics Week, which included: Electronics For You Expo (6th edition), Electronics Rocks (4th edition), Test & Measurement India (5th edition), LEDasia.in (1st edition), IoTshow.in (1st edition), Raksha India (1st edition).
Another highlight at the event would be the defence conference where senior dignitaries from Centre for Artificial Intelligence and Robotics, DRDO, ISRO, HAL and MOE would be participating.
Shri RV Deshpande, Hon’ble Minister, Large and Medium Scale Industries, Government of Karnataka, Vikram Desai, President ELCINA, Rajesh Agarwal, CEO, Micromax, K.Ratnaprabha, Addl Chief Secretary to Govt of Karnataka, Commerce & Ind. Dept., Shri JS Deepak, Secretary, DeitY, Govt. of India are some dignitaries expected at the CEO summit.
Talking to media Manish Singhal, past co-founder LetsVenture.com said “For a start up to be successful, a favorable ecosystem of angel investors is required. In developed countries, people are just waiting to invest in great ideas and good companies. Entrepreneurs in India need more High net worth individuals and corporates to come forward and participate in the growth story.”
Nihal Kashinath, Founder of IoTBLR, one of India’s most prominent Internet of Things communities, said “We are looking forward to some very interesting and informative sessions during the 3 days of the event. IoT is transforming the everyday physical objects that surround us into an ecosystem of data and information, elevating our lives to another level. From home appliances such as Air conditioners, Refrigerators and TV’s to parking spaces and houses, the IoT is bringing more and more things into the digital world. It’s predicted that this space will be a multi-trillion dollar industry in the near future and India is positioned very well to gain from this boom”.
Rajiv Mukherjee, Founder of fhsidealab.com, the largest virtual accelerator platform in India, said “The hardware startup ecosystem has gained prominence in the last 1 year. Having worked with ideas at prototype stage to getting them venture funded we have seen that if we are able to bring the right people & tools at the right time coupled with the passion & perseverance of the entrepreneurswe are able to build sustainable & profitable ventures. The IEW event is a great attempt in bringing the ecosystem together in one platform.”
At the popularIOTshowthe following topics would be discussed;
• How to take your IoT device from prototype to product
• Creating the Edge Tier of the Internet of Things with Bluetooth Smart
• How to take your medical device from idea to regulatory approved product
• How to make your home smarter, using renewable energy micro-grids
• The mistakes I made building automotive ADAS, and how you can learn from it
Some of the speakers sharing their knowledge include:
• Martin Woolley, Technical Program Manager, Bluetooth Special Interest Group (SIG)
• Yuping Tseng, CTO, ThroughTek
• Dr Vijay Mishra, CTO, CeNSE – IISc
• Srinivasa Moorthy, CEO, Andhra Pradesh Electronics & IT Agency
• Vinay Chadha, entrepreneur, GVC Systems
Special workshops will be held during 12th and 13th covering interesting subjects from “how to build a keyless start system for the cars to designing and learning the art of 3D printing!
At the Get funded session on 12th Jan, experts will share their experiences and thoughts on how to make ideas and product into a success business model.
Startups such as Wagr: monitor & location tracker for pet dogs, Portuspine: wearable device to help working professionals who sit more than six hours a day to improve their posture etc. will be pitching to VC’s their ideas and business plans.
Some of the investors expected at the event are:
Abhishek Surendran; VC at Exfinity Venture Partners. Ticket size is US$ 1 million per startup.
A R Jayakumar; is the CEO of KITVEN fund. He handles Karnataka Semiconductor Venture Capital Fund (KARSEMVEN Fund), a SEBI registered Venture Capital Fund with target corpus of INR 96.15 crore.
Vikram Vaidyanathan; Managing Director, Matrix Partners India. Matrix Partners India has about INR3000 crores under management and invests in companies primarily targeting the Indian market.
Govt. of Karnataka and Dept. of ITBT (Information Technology, Bio-technology and Science & Technology) have a Karnataka ESDM (Electronic System Design & Manufacturing) policy in place. They have recently announced the Karnataka start up policy which can be found at www.bangaloreitbt.in.