According to a press release issued by IIT-H, the objective of this programme is to find, facilitate, and mentor semiconductor and IP design start-ups across India in technological as well as business aspects. “These smart connected systems have a core semiconductor technology at the heart of it. In that context, I see semiconductor startup incubation and acceleration programmes can bring the core impetus to the strengthening of fabless semiconductor design in India,” said Lars Reger, Executive vice president and chief technology officer, NXP Semiconductors.
As part of this programme, up to 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 investors and business community. “Startup selected for the core programme will have the following benefits (with benefits accruing up to Rs 1 crore 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,” read the press release.