- This will help strengthen India’s technology-driven system and secure its position in the electronics industry globally
- Five promising start-ups will be incubated for two years in each cohort every year
NXP India has announced their collaboration with the Ministry of Electronics and Information Technology (MeitY) and Fabless Chip Design Incubator (FabCI) to launch the first ‘Semiconductor Startup Incubation and Acceleration Programme’ with an aim to find, facilitate, and mentor semiconductor and IP design start-ups across India.
This comes as an appreciated initiative under the Prime Minister Narendra Modi’s vision to create a self-reliant nation or Atmanirbhar Bharat as the local hardware designing and manufacturing of products will help strengthen India’s technology-driven system and secure its position in the electronics industry globally.
Platform for startups to showcase their products
In this programme, five promising start-ups will be incubated for two years in each cohort every year, and will also function as a platform for startups to showcase their products to investors and the business community.
It will include semiconductor chip design, IP design, design services startups with an IP focus and chip design tool related startups as participants. For the startup selected for the core programme, benefits of upto Rs 1 crore per year for each year, EDA tool access for design and simulations, mentoring access during the design and development phase, selective IP Access for processor or interconnect aspects, foundry/packaging access, characterisation lab access, and demo day visibility with NXP will be provided.
“The government of India has been working towards promoting the ESDM sector to bring electronic manufacturing to India. There is also a need to build a thriving fabless design ecosystem in India. We look forward to this joint initiative of NXP Semiconductors and IIT Hyderabad for this Incubation cum Accelerator Program that aims to find, facilitate and mentor the semiconductor and IP design startups pan India. It is a significant step as India is poised to increase its share in innovation-driven global manufacturing of mobile phones, IT hardware, automotive, industrial and medical electronics, IoT and other devices,” said Ajay Sawhney, Secretary, Ministry of Electronics and Information Technology (MeitY), Government of India.
