Fabless Chip Design Incubator will contribute to the ‘’Startup India’’ and ‘’Make In India’’ campaign
Indian Institute of Technology (IIT), Hyderabad announced the launch of Fabless Chip Design Incubator (FabCI), with a goal to help the startups in chip design sector.
Three startups are already being incubated including Lemonflip, SenseHealth Technologies and WiSig Networks which are at different stages of evolution. It also offers virtual support to non-Hyderabad-based startups and has called for early-stage startups to apply.
Call for startup applications
FabCI, focuses on creating an ecosystem for grooming startups in chip design. It provides a bouquet of offerings including free software tools with technology partners in Electronic Design Automation (EDA). EDA is a category of software tools to design electronic systems like Integrated circuits (ICs) and printed circuit boards (PCBs).
The primary aim for initiating this incubator program is to provide a one-stop solution for startups focusing in the area of chip design. Where the goal is to incubate at least 50 ‘Make-in-India’ chip design companies that can compete globally and generate Intellectual Property Rights (IPRs).
Well, the incubator will be benefited from the expertise of IIT-H and mentors outside the Institute with an aim to mark itself in the international chip design sector.
However, the incubator exemplifies the commitment of the institution to develop semiconductor and chip design industries in India and enhance its IPR.
They are 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 Union Ministry of Electronics and Information Technology. FabCI technology partners include Cadence Design Systems, Inc. and Mentor Graphics which are among the leading providers of EDA software, hardware and IP.