NXP India in collaboration with the Ministry of Electronics and Information Technology (MeitY), Government of India and Fabless Chip Design Incubator (FabCI), IIT Hyderabad have introduced 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 last 10 years in electronics have been all about connecting the world and providing On-Demand experiences. Today you can easily order transportation, food or other goods in the “here and now” without moving. The next decade will be all about creating a “world that anticipates & automates” with a lot of smart connected systems around us. All of that will lead to making the planet a better world to live in and fun to innovate in. These smart connected systems have a core semiconductor technology at the heart of them. In that context, I see Semiconductor Startup Incubation and Acceleration program can bring the core impetus to the strengthening of fabless semiconductor design in India and I am very excited and looking forward to seeing the outcomes with this program” said Lars Reger, Executive Vice President and Chief Technology Officer, NXP Semiconductors.
Ajay Sawhney, Secretary, Ministry of Electronics and Information Technology (MeitY), Government of India, said, “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.”
The program 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.