MeitY Approves Incentives for 12 SemiCon related Startups Under DLI Scheme

The Ministry of Electronics and IT (MeitY), Government of India, has approved incentives for 12 start-ups under the Design Linked Incentive (DLI) scheme.

This initiative is part of a broader effort to bolster the semiconductor ecosystem in India. The selected start-ups will receive financial assistance totaling over ₹130 crore for their projects, which include developing integrated circuits for telecommunications, AI hardware accelerators, and more.

This move is aimed at fostering innovation and self-reliance in semiconductor design, a critical area for technological advancement and economic growth.

Part of the overall $10 billion incentive scheme for the semiconductor ecosystem, the Design Linked Incentive (DLI) Scheme is a program by the Ministry of Electronics and Information Technology (MeitY) to support the semiconductor chip design ecosystem in India. The scheme aims to Strengthen the ecosystem, Move up the value chain, Provide financial incentives, and design infrastructure support.

The selected start-ups are:
  1. DV2JS Innovation - Image sensor system on chip for automotive applications
  2. Vervesemi Microelectronics - Microcontroller integrated circuit for industrial applications
  3. Fermionic Design - Beamformer IC for satellite communication
  4. Morphing Machines - RISC-V multi-core accelerators for telecom applications
  5. Calligo Technologies - Hardware accelerators for AI
  6. Sensesemi Technologies - Wearable SoC for healthcare applications
  7. Saankhya Labs - Basestation SoC for 5G communication
  8. Aheesa Digital Innovations - Networking SoCs for telecom applications
  9. Netrasemi - Edge-AI SoC for smart vision and IoT applications
  10. Green PMU Semi - Energy harvesting power management IC for IoT and sensing applications
  11. WiSig Networks - NarrowBand IoT SoC
  12. MosChip Technologies - Smart energy meter IC
This initiative is part of a broader effort to bolster the semiconductor ecosystem in India and foster innovation and self-reliance in semiconductor design. 
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