Applications invited for financial support to Indian companies with indigenous technologies in semiconductor and sensors sector for commercialization

New Delhi, February 14, 2022: Indian companies having innovative technologies at commercialization stage in semiconductor & sensor domain now have an opportunity of been supported financially for commercialisation and of financial assistance in the form of loans, equity, and grants.

Aligning with the national requirement and focus in the electronic/semiconductor sector, proposals have been invited from Indian companies with indigenous technologies at commercialisation stage in semiconductor & sensor domain focusing on semiconductor fabrication, display fabrication, designing for integrated circuits (ICs), chipsets, system on chips (SoCs) and so on.

The proposals invited by Technology Development Board, a statutory body of Department of Science & Technology, Government of India, has key features like providing financial assistance to Indian Companies for Commercialization, evaluation based on Scientific, Technological, Financial and Commercial Merit, and Financial Assistance in the form of Loan, Equity and/or Grants. The companies applying should be Indian companies (as per Companies Act,1956 /2013) or Start-ups with Recognition Certificate from DPIIT.

The vision of the Prime Minister Narendra Modi aims at positioning India as a global hub for Electronics System Design and Manufacturing. The government has undertaken a large number of initiatives for development of core components, including chipsets, and creating an enabling environment for the industry to compete globally.

Semiconductors and displays are the foundation of modern electronics driving the next phase of digital transformation under Industry 4.0. Semiconductors and display manufacturing are very complex and technology-intensive sectors involving huge capital investments, high risk, long gestation and payback periods, and rapid changes in technology, which require significant and sustained investments. The call will give an impetus to semiconductor and display manufacturing by facilitating capital support and technological collaborations.

Rajesh Kumar Pathak, IP&TAFS, Secretary, TDB, added, “TDB has played a pivotal role in developing conducive ecosystems for growth of technology companies, this call shall provide impetus to the Semiconductor & Sensor Ecosystem, which will be essential to the AatmaNirbharBharat initiative.”

For detailed Funding Guidelines and Proposal Submission, applicants can visit TDB’s website- Last date to submit the proposal is 26th March, 2022.

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