Qualcomm Plans to Partner with MeitY to Help Startups
Qualcomm India will shortlist up to 10 Indian semiconductor startups. Each shortlisted startup will be paired with a Qualcomm India leader for mentorship on product planning and development.
Qualcomm India has planned to partner with Ministry of Electronics and Information Technology’s (MeitY) Centre for Development of Advanced Computing (C-DAC).
The collaboration will support a group of promising semiconductor design startups, as a part of the government and the industry’s ongoing efforts to encourage innovation in the semiconductor space in India.
“There is a huge opportunity for Indian semiconductor startups due to the incentives provided by the Government,” Rajen Vagadia, VP and President of Qualcomm India & SAARC, said in a statement.
“Qualcomm India is committed to helping semiconductor design startups capitalize on India’s design and engineering talent to drive innovations that will power the intelligent, connected future we foresee, not only for India but the world,” he added.
“The semiconductor industry is crucial for the growth of many other industries. We encourage Indian startups to come forward and meet the current and projected domestic demand for semiconductors with the support of Government-led programs such as the “Make in India” and the Design Linked Incentive (DLI) scheme,” said E. Magesh, Director-General C-DAC.
Qualcomm India plans to initiate and conduct the Qualcomm Semiconductor Mentorship Programme 2022 for select startups from the semiconductor space in India, with the intent to provide and facilitate mentorship, technical training, and industry outreach.
Under this collaboration, C-DAC and Qualcomm India intend to work towards nurturing technical advancements and intellectual-property-driven innovation and product development required for semiconductor design in the Indian ecosystem.
It is also planning to work towards helping reduce risks in innovation, accelerate the pace of business development, and develop the soft skills and knowledge base of Indian startups engaged in semiconductor design.
Qualcomm India will shortlist up to 10 Indian semiconductor startups. Each shortlisted startup will be paired with a Qualcomm India leader for mentorship on product planning and development.
The startup and the mentor will meet periodically either in person or through online meetings.
