IIT-Hyderabad launches Fabless Chip Design Incubator

: Indian Institute of Technology, Hyderabad, today announced the launch of Fabless Chip Design Incubator (FabCI), dedicated exclusively to help startups in this sector.

A press release by the premier institution said three startups are already being incubated and the Incubator has called for early stage startups to apply.

FabCI, said to be the first-of-its-kind in India that focuses on creating an ecosystem for grooming startups in chip design, provides a bouquet of offerings, including free software tools with leading technology partners in Electronic Design Automation (EDA), among other facilities, it said.

In a video message for FabCI, Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology (MeitY), said the Incubator is a step in the right direction which will greatly benefit from the expertise of IIT-H and mentors outside the Institute and should make a mark in the International Chip Design Sector.

U B Desai, Director, IIT-H,said the incubator exemplifies the commitment of the institution to develop semiconductor and chip design industries in India and enhance its IPR.

"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," he said.

The goal is to incubate at least 50 'Make-in-India' chip design companies that can compete globally and generate Intellectual Property Rights (IPRs), it said.

FabCI is funded by the Ministry of Electronics and Information Technology (MeitY) and its technology partners are Cadence Design Systems, Inc. and Mentor Graphics.