The Software Technology Parks of India (STPI) has signed a Memorandum of Understanding (MoU) with India Electronics and Semiconductor Association (IESA) and International Institute of Information Technology, Bhubaneswar to set up an ‘Electropreneur Park’ in Bhubaneswar, aimed at creating products in electronic system design and manufacturing (ESDM) sector to meet the requirement indigenously and create products for further exports. This is the second of its kind to come up in the country, after the first electropreneur park in University of Delhi that will incubate about 40 startups in the ESDM space. The incubation centre will be set up within the premises of STPI’s new facility in Bhubaneswar. The park will capitalize on the existing smart lab in Bangalore and the other that is going to be established in Bhubaneswar.