- Programme aims to find, facilitate and mentor semiconductor and IP design startups to increase Fabless chip designing in India
- A vital step to strengthen the core Technology-driven System pillar of the Atmanirbhar Bharat and Make in India vision
Keeping in line with our Hon’ble PM’s vision of Atmanirbhar Bharat, NXP India, one of the biggest R&D centres for NXP Semiconductors and a world leader in secure connectivity solutions for embedded applications, in collaboration with Ministry of Electronics and Information Technology (MeitY), Government of India and Fabless Chip Design Incubator (FabCI), IIT Hyderabad has announced the launch of its maiden ‘Semiconductor Startup Incubation and Acceleration Program’. The objective of this program is to find, facilitate, and mentor semiconductor and IP design start-ups across India in technological as well as business aspects.
The programme will support India’s vision of making the country a self-reliant nation as it creates a ready platform to support start-ups who wish to design semiconductor chips in India. The local hardware designing and manufacturing of products will strengthen the core Technology-driven System pillar vision of Atmanirbhar Bharat and in turn will boost India’s economy, generate employment, and enhance India’s position globally in the electronics industry by moving up in the value chain.
Unique features of the program:
• Upto Five promising start-ups will be incubated for a period of two years in each cohort every year. The participants will include Semiconductor Chip Design, IP Design, Design Services startups with an IP focus and Chip Design Tool related startups.
• Invaluable experience opportunity for start-ups to showcase their products to investor and business community
• Startup selected for the core program will have the following benefits (with benefits accruing upto INR 1crore per year per startup): EDA Tool Access for design and simulations, Mentoring Access during design and development phase, Selective IP Access for processor or interconnect aspects, Foundry/Packaging Access, Characterization Lab Access, Demo day visibility with NXP.
INDIA March 25, 2021
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