T-Hub, India’s leading innovation hub and ecosystem enabler, proudly announces the outstanding achievements of the first cohort of the AIC T-Hub Semiconductor Programme. 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 a staggering INR 6 crore through grants and angel investments, with discussions for an additional INR 3 crore funding currently underway. Earlier, T-Hub handpicked an exceptional group of startups to be part of the prestigious cohort. These visionary companies include VASBEAM PVT LTD, Proton Plus, Vanix Technologies Pvt. Ltd, Ambit Semiconductors Pvt. Ltd, Anscer Robotics, Cyrrup Solutions Pvt. Ltd, Fasmho Energy Systems Pvt Ltd, Rapture Innovation Labs Pvt Ltd, GreenPMU Semi and Hivericks Technologies Private Limited.
Success stories arising from the first cohort include, Vasbeam developed the integrated Analog IC (Integrated Circuit) and fabricated it, for 5G and Satellite communications. GreenPMU Semi developed an energy harvesting IC and is now ready for a 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, Schindler and is setting up a production unit. Rapture, received multiple orders overseas for its headphones powered by patented Hybrid Driver Acoustics technology.
Looking ahead, AIC T-Hub plans to establish a semiconductor innovation lab to enhance the technological capabilities of its startups. Today, AIC T-Hub facility hosts semiconductor companies that are innovating in the areas of 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.
MSR (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.”
“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.” Rajesh Adla, CEO of AIC T-Hub Foundation
AIC T-Hub endeavors to foster collaboration and partnerships between the 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. This collaboration can take the form of investment, co-innovation, or acquisition, facilitating mutually beneficial relationships.