NXP India, a major R&D center for NXP and a global leader in secure connectivity solutions, has partnered with IIT Hyderabad’s Fabless Chip Design Incubator (FabCI) to reveal the winners of the Semiconductor Startup Incubation and Acceleration Program Season 2, marking a significant step towards fostering innovation in the semiconductor industry.
The top 5 winners, Smartkosh Technologies, Droame LLP, FermionIC Design, Smartway Electronics, and Pramatra Space Technology, will each get an INR 1 lakh cash incentive. Furthermore, Mokkomotto gained access to program advantages after winning the Special Jury Award for their creative product solution. These advantages include access to EDA tools, MPW, coaching throughout the design phase, foundry/packaging access, selectively based IP, characterization lab access, and visibility into NXP at demo day.
The program’s primary goal is to locate, support, and mentor emerging IT businesses in India. Their specific goal is to assist startups that are designing intellectual property (IP) and semiconductors. The theory behind this is that these businesses have the potential to significantly increase the production of technology in India, particularly in the semiconductor and ESDM (Electronics System Design and Manufacturing) sectors. This is in line with the Atmanirbhar Bharat and Made in India vision’s central technology-driven system pillar.
NXP India’s Vice President and Managing Director for India, Hitesh Garg, stated that his company is committed to advancing innovative and ground-breaking concepts in the technology sector. He believes India has a lot of creative potential and might grow into a major global center for amazing inventions.
IIT Hyderabad director Prof. B S Murty thanked the awardees and discussed how beneficial the program is for developing future leaders in India’s innovation mission. He said that 125% more people applied this year than the previous, indicating that more and more people are realizing the program’s significance for fostering innovation in India’s technology sector.
