IIT-Hyderabad launches start-up incubator to boost chip design
21st August, 2018Category: Businss and Economy, Science and Technology
The Indian Institute of Technology Hyderabad (IITH) has launched an exclusive Fabless Chip Design Incubator (FabCI), dedicated exclusively to help startups in this sector. FabCI is said to be the first of its kind in India which will incubate world-class semiconductor start-ups. It will provide a bouquet of offerings including free software tools with leading technology partners in Electronic Design Automation (EDA), a characterization facility for testing the chips and equipment for performing DC and RF characterization. The goal is to incubate at least 50 ‘Make-in-India’ chip design companies that can compete globally and generate Intellectual Property Rights (IPRs). The Incubator also offers virtual support to non-Hyderabad start-ups which can join FabCI and leverage the offerings and participate remotely.
FabCI is funded by the Ministry of Electronics and Information Technology (MeitY) and its technology partners Cadence Design Systems, Inc. and Mentor Graphics both are leading providers of Electronic Design Automation (EDA) software, hardware and IP.
The demand in the Indian market driven by 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. Three startups are already being incubated and the Incubator has called for early stage startups to apply.
Read More: The Financial Express, The Hindu Business Line, Business Standard