With 10 innovative startups incubated and substantial funding raised, the success of the first cohort showcases the immense potential and opportunities within the semiconductor industry. The semiconductor startups successfully designed and fabricated Beamforming ICs, Energy Harvesting ICs, and Programmable ICs for Battery Management Systems (BMS).
T-Hub, the Telangana government-backed innovation hub and ecosystem enabler, announced the outstanding achievements of the first cohort of the AIC T-Hub Semiconductor Program on Friday. Launched under the Atal Innovation Mission, this program has played a pivotal role in fostering the growth and development of India’s semiconductor ecosystem. With 10 innovative startups incubated and substantial funding raised, the success of the first cohort showcases the immense potential and opportunities within the semiconductor industry.
The first cohort of the AIC T-Hub Semiconductor Programme has achieved exceptional milestones.
- Startups enrolled in the program have raised Rs 6 crore through grants and angel investments, with discussions for
- An additional Rs 3 crore funding is currently underway.
T-Hub handpicked a group of startups to be part of the cohort. These companies include VASBEAM, Proton Plus, Vanix Technologies, Ambit Semiconductors, Anscer Robotics, Cyrrup Solutions, Fasmho Energy Systems, Rapture Innovation Labs, GreenPMU Semi, and Hivericks Technologies.
- Vasbeam developed and fabricated the integrated Analog IC (Integrated Circuit) for 5G and satellite communications.
- GreenPMU Semi developed an energy harvesting IC and is now ready for multi-project wafer (MPW) semiconductor manufacturing.
- Vanix developed an FPGA-based battery solution and grabbed a project from a processor company.
- Anscer Robotics received multiple pilots with Mahindra and Schindler and is setting up a production unit.
- Rapture received multiple orders overseas for its headphones powered by its patented Hybrid Driver Acoustics technology.
Today, the AIC T-Hub facility hosts semiconductor companies innovating in chip packaging, healthcare, and battery management. The program aims to forge partnerships with more corporates and global foundries to enrich the startup journey further. The upcoming cohorts of the semiconductor program will focus on fabless semiconductor companies, EDA (Electronic Design Automation) companies, and futuristic research projects in front-end and back-end chip development. Looking ahead, AIC T-Hub plans to establish a semiconductor innovation lab to enhance the technological capabilities of its startups.
Mahankali Srinivas Rao, CEO, T-Hub, said, “The success stories emerging from this program highlight the immense potential and opportunities in India’s semiconductor industry. We are proud to be part of this transformative journey, supporting startups in their quest for innovation and growth. The accomplishments of these startups, coupled with the strategic collaborations and funding raised, demonstrate the strength and viability of the semiconductor ecosystem nurtured by AIC T-Hub.”
Rajesh Adla, CEO of AIC T-Hub Foundation, said, “AIC T-Hub serves as a catalyst in shaping India’s semiconductor industry, achieving remarkable milestones through our semiconductor program. We have created extensive partnerships in the semiconductor industry and pooled top investors to provide startups with fast access to EDA (Electronic Design Automation) tools, Design IPs, Foundry support, investment, and government incentives. Additionally, by facilitating collaborations with corporates and the government, the program has paved the way for startups to secure market access and drive innovation. We have also assembled a pool of domain and business experts from the semiconductor industry to add value to these young startups.”
AIC T-Hub endeavours to foster collaboration and partnerships between startups in the semiconductor program and established semiconductor companies. By working closely with corporates in the semiconductor industry, AIC T-Hub identifies their problem statements and connects them with startups and innovative solutions. The release said this collaboration could take the form of investment, co-innovation, or acquisition, facilitating mutually beneficial relationships.