NXP India, in collaboration with Startup India, MeitY & FabCI, IIT Hyderabad Kickstarts Season-2 of Semiconductor Incubation and Acceleration Program for Tech Startups
Highlights:
Programme objective is to support, and mentor
semiconductor & IP design startups, with the goal of fostering growth in
the fabless chip design sector in India
New Delhi,
September 18, 2023: Aligning with the vision of our Hon’ble Prime
Minister's Atmanirbhar Bharat initiative, NXP India, one of the biggest R&D
centres for NXP Semiconductors and one of the world leaders in secure
connectivity solutions for embedded applications, has partnered with the
Startup India along with the support extended by Ministry of Electronics and
Information Technology (MeitY) and Fabless Chip Design Incubator (FabCI)
situated at IIT Hyderabad. Together, they are all set for season 2 of the
inaugural 'Semiconductor Startup Incubation and Acceleration Program'. This
program aims to discover, facilitate, and guide emerging semiconductor and IP
design startups throughout India, encompassing both technological and business
aspects. The program is a step towards strengthening the core technology-driven
system pillar of the Atmanirbhar Bharat and Make in India vision.
The program
aligns with India's aspiration to become self-reliant, providing a robust
foundation to empower startups in semiconductor chip design within the nation.
By fostering indigenous hardware design and product manufacturing, this effort
reinforces the fundamental base of Atmanirbhar Bharat's vision for a
technology-centric ecosystem. This, in turn, will help the economy, stimulate
job creation, and elevate India's international standing in the electronics
sector by moving up the value chain.
Hitesh Garg, Vice President and India Country
Manager, said,
"At NXP India, our unwavering commitment is to cultivate a thriving
technology ecosystem in our country, driven by collaboration and innovation.
The Semiconductor Startup Incubation and Acceleration Program stand as testimony
to our dedication to nurturing and empowering the next generation of
entrepreneurs. We're excited about the diverse range of innovations and the
entrepreneurial spirit that's propelling our nation forward. Together, we're
shaping the future, where startups thrive, and India shines as a global
innovation hub.".
Highlighting
the uniqueness of the FabCI at IIT Hyderabad, Prof. B.S. Murty, Director,
Indian Institute of Technology Hyderabad, said, "Successful
mentorship of the 2021 cohort and the nurturing of 8 promising companies
highlights the transformative impact of our collaborative efforts. FabCI, with
its ongoing support for 30+ startups, is a beacon of innovation; as we embark
on Season-2 of the Semiconductor Incubation and Acceleration Program, our
collaboration with NXP India, MeitY. FabCI signals a resolute commitment to
fostering semiconductor startups. This endeavour fortifies Atmanirbhar Bharat's
core, propelling India's technological sovereignty and global stature as
we invent & innovate in technology
for humanity at IITH.".
Unique
features of the program:
• Up to five
promising startups 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.
• An opportunity
for startups to showcase their products to investors and the business community
• Startup selected
for the core program will have the following benefits (accruing upto INR 1
crore annually per startup): EDA tool access for design and simulations,
mentoring access during the design and development phase, Selective need-based
IP access for processor or interconnect aspects, foundry/packaging access,
characterization lab access, demo day visibility with NXP.
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About NXP
Semiconductors:
NXP
Semiconductors N.V. (NASDAQ: NXPI) brings together bright minds to create
breakthrough technologies that make the connected world better, safer and more
secure. As a world leader in secure connectivity solutions for embedded
applications, NXP is pushing boundaries in the automotive, industrial &
IoT, mobile, and communication infrastructure markets while delivering
solutions that advance a more sustainable future. Built on more than 60 years
of combined experience and expertise, the company has approximately 34,500 team
members in more than 30 countries and posted revenue of $13.21 billion in 2022.
Find out more at www.nxp.com.