Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., announced the third ASTRA (Applied Start-up Technology and Research Accelerator) program to collaborate with start-ups and to support innovations.
This program will focus on start-ups in life sciences, semiconductor and display manufacturing technologies, advanced optics and photonics, resilient supply chain, sensors, and advanced materials.
ASTRA is designed to provide a platform for the selected start-ups to pitch their product/solution to the Applied Material Ventures team and business leaders. The finalists will be considered for collaboration with Applied Materials and investment from Applied Ventures.
“The program’s ultimate success lies in fostering innovation, collaboration and entrepreneurship to nurture a vibrant start-up ecosystem,” Srinivas Satya, managing director, Applied Materials India, said.
Applied Materials India will act as a consultant to the selected start-ups for addressing market and technology challenges and to explore potential scale-up opportunities.