In a significant stride towards fostering innovation in the semiconductor industry, NXP India, a major R&D center for NXP and a global leader in secure connectivity solutions, has joined forces with IIT Hyderabad’s Fabless Chip Design Incubator (FabCI) to unveil the winners of the Semiconductor Startup Incubation and Acceleration Program Season 2.
Smartkosh Technologies, Droame LLP, FermionIC Design, Smartway Electronics and Pramatra Space Technology have emerged as the top 5 winners, each receiving a cash reward of INR 1 lakh. Additionally, Mokkomotto secured the Special Jury Award for their innovative product solution, earning access to program benefits. These benefits include EDA tools, MPW access, mentoring during the design phase, selective-based IP access, Foundry/Packaging access, characterization lab access and demo day visibility with NXP.
The main aim of the program is to find, help and guide new tech companies in India. They specifically want to support startups working on designing cool tech stuff like semiconductors and IPs. The idea is that these startups can play a big role in making more tech things in India, especially in the semiconductor and ESDM (Electronics System Design and Manufacturing) field. This aligns with the core technology-driven system pillar of the Atmanirbhar Bharat and Make in India vision.
Hitesh Garg, the Vice President and India Managing Director of NXP India, said they are really dedicated to supporting new and groundbreaking ideas in the tech world. He thinks India is super creative and could become a big hub for awesome innovations globally.
Prof B S Murty, director of IIT Hyderabad, congratulated the winners and talked about how good the program is at helping future leaders in India’s tech mission. He mentioned that lots more people applied this year—125% more than before—which shows that more and more folks see how important the program is for making cool tech stuff in India.