New Initiative Launched to Support Semiconductor and Sensor Innovations

Article By : India Science Wire

The Technology Development Board (TDB) has invited applications for assistance in the form of loans, equity, or grants.

Indian companies having innovative technologies at commercialization stage in semiconductor and sensor domains now have an opportunity of being supported financially for commercialization.

The Technology Development Board (TDB), a statutory body of India’s Department of Science & Technology, has invited applications for assistance in the form of loans, equity, or grants. The companies applying can be either Indian companies as per Companies Act, 1956 /2013 or start-ups with Recognition Certificate from the Department for Promotion of Industries and Internal Trade (DPIIT).

A vision of Prime Minister Narendra Modi is positioning India as a global hub for electronics system design and manufacturing. The government has undertaken many initiatives for the development of core components, including chipsets, and creating an enabling environment for the industry to compete globally.

Announcing the new initiative, an official press release noted that while semiconductors and displays are the foundation of modern electronics driving the next phase of digital transformation under Industry 4.0, their manufacturing process is very complex and technology-intensive involving huge capital investments, high risk, long gestation and payback periods, and rapid changes in technology.

TDB Secretary Sh. Rajesh Kumar Pathak said, “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 AtmaNirbhar Bharat initiative.”

Applicants can visit TDB’s website, www.tdb.gov.in, for further details. The last date to submit the proposal is 26 March 2022.

 

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