Startups fail to light up chip design space

The majority of startups have failed to light up the chip design space. Of the roughly 60 proposals submitted to the ministry of electronics and IT (MeitY) by these companies to get the benefit of subsidies under the design-linked incentive (DLI) scheme, only 14 have been able to make the cut. The ministry has set itself a target of funding 100 startups.

Again, of these 14, only 5-6 startups including Mindgrove Technologies and Aheesa Digital, have been able to secure fabrication orders for their design prototype.