ISA to promote start-ups at STPI's incubation centre

BANGALORE: India Semiconductor Association (ISA) and the TiE Bangalore

Chapter today announced their association with STPI to promote Orchid Techscape

— a new facility conceptualized by STPI (Software Technology Parks of India)

and supported by the Karnataka government.

Orchid Techscape is an incubation centre aimed at promoting start-ups in

hi-tech domains. ISA and TiE (The Indus Entreprenuers) in association with STPI

would focus on encouraging semiconductor design start-ups through Orchid

Techscape.

“This unique partnership with STPI and TiE, takes ISA a step closer to its

vision of promoting India as a global semiconductor hub through technology

leadership. Globally, semiconductor start-ups have played an important role in

creation of new technology and ISA has been focused on creating an enabling

environment for such technology focused start-ups to groom in India. With the

rapid growth in design capability in the semiconductor sector, India is ready to

ride the technology entrepreneurship wave. ISA has already been promoting the

cause of semiconductor and electronics manufacturing in the country and

acceleration in the design start-ups activity would go a long way in creating

successful product and technology companies out of India” said Rajendra Khare,

Chairman, India Semiconductor Association.

Among the various initiatives that ISA has undertaken to support the cause of

semiconductor start-ups, the first one entails working with STPI to put up a

powerful compute farm at the new incubation center. This would enable virtual

sharing of expensive hardware platforms amongst the semiconductor start-ups.

The second important initiative ISA has undertaken is to work with leading

EDA Companies to not only offer their tools but also design methodology and

productization support throughout the product development life cycle to the

participating companies through innovative business engagement models. It can be

noted that the prohibitive costs of EDA tools and the associated expert level

support constitute the key entry barriers for semiconductor start-ups. Design

house majors like Cadence and Synopsys have come forward to extend their

wholehearted support to Orchid Techscape.

Commenting on these initiatives, B V Naidu, director, STPI, said, “ISA has

been involved in this project with STPI since the conceptualization of this

incubation centre. Encouraging high value technology start—ups, especially in

the semiconductor sector is one of the key objectives for Orchid Techscape and

we greatly value the knowledge and the strong entrepreneurial focus that ISA and

TiE have been able to provide. I am confident that Orchid Techscape would play a

major role in moving the semiconductor industry to the next gear and help India

become the future technology powerhouse.”

“Fusion of entrepreneurship and technology would play a defining role in

taking India towards future economic growth. TiE is delighted in being

associated with STPI and ISA in grooming the young technology entrepreneurs in

the country who are coming with novel business ideas. Through its recently

launched Entrepreneur Acceleration Program, TiE is committed to playing the role

of a catalyst in promoting high technology start-ups” said Dr. Sridhar Mitta,

President of the TiE Bangalore Chapter.

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