The Indian Institute of Technology Hyderabad (IITH) has now launched one of the most exclusive Incubator to boost up the chip design sector in the field.
One of the largest Fabless Chip Design Incubator (FabCI) a first of its kind in India will focus on creating an ecosystem for grooming startups in in making the design of the chip.
It will provide a bouquet of offerings which also includes free software tools with leading technology partners in Electronic Design Automation (EDA), which is also a characterization facility for testing the chips and equipment for performing DC and RF characterization.
Already three more startups are registered in this field to kick start activity. A technical event was held at recently in the field of IIT Hyderabad campus.
Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology (MeitY), said, “ The Incubator will greatly benefit from the expertise of IIT Hyderabad and mentors outside the Institute and should make a digital mark in the International Chip Design Sector”.
The goal is to incubate at least 100 ‘Make-in-India’ chip design companies which can also compete across the globe and generate some of the Intellectual Property Rights (IPRs).
U B Desai, Director, IIT Hyderabad, said, “ We’re looking forward to incubating startups that will roll out the next generation of disruptive products. This incubator will also contribute to the ‘Startup India’ and ‘Make In India’ campaigns of the Government of India.”
FabCI is funded by some of the leading investors which includes the MeitY, technology partners Cadence Design Systems, Inc. and Mentor Graphics out of which both of them are leading providers of Electronic Design Automation (EDA) software, hardware and IP products in the industry.
SenseHealth Technologies is into providing healthcare at an affordable cost without even getting compromising based on the quality. WiSig Networks which is one of the largest Tech IT company has also develops products that serve both Indian and international markets, including terrestrial cellular, non-terrestrial and defence applications.
The demand in the Indian market driven by some of the more higher consumption of electronic goods and our strategic needs for using technology in education, defense and healthcare industries is projected to reach $400 billion by the year 2020.