NXP India Tech Startup Challenge 4.0 by Ministry of Commerce and Industry [Prizes Upto Rs. 10 L]: Register by March 12

Ministry of Commerce and Industry is inviting applications for NXP India Tech Startup Challenge 4.0. The last date of registration is March 12.

About the NXP India Tech Startup Challenge

NXP India is back with Season 4 of “NXP India Tech Startup Challenge 4.0” with the purpose of connecting, collaborating and nurturing Indian Technology Startups. This event aims to drive global visibility and network scalability for tech startups. NXP calls upon agile startups as they get a chance to present to thousands of tech leaders through this event.

Who can Apply?

Participant(s): means an entity shall be considered as Startup(s), which:

• Upto a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India
• Turnover of the entity for any of the financial years since incorporation/registration has not exceeded one hundred crore rupees
• Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

Problem Statement

• Targeted Startups: Technology Startups focusing on IP/Processors development, Semiconductor fabless ASIC creators, System Solutions, Embedded product developers and Design Houses, Tier-2 and Tier-1 technology product companies
• Technology Focus Areas:
• AI (Accelerators, Trained Models, Software Enablement), ML, Edge Computing, Secured Connectivity, Software Defined Vehicle, Functional Safety, Human Machine Interface, Security, Motor Control, Ultra-Wideband, Voice, Wifi, 5G, RISC V, Quantum, Digital Twins (Software Modelling), In-Memory Computing, Body Wireless-LAN, etc.

Themes

NXP India Tech Startup Challenge 4.0 themes are as follows:

Timeline

• 19 FEB, 2024: Application Start Date
• 12 MAR, 2024: Application End Date

How to Register?

Interested candidates for the NXP India Tech Startup Challenge 4.0 can apply online via this page.

Offerings

• Industry visibility for Top 10 startups to share their business value proposition to NXP and Industry partners along with networking opportunities
• Top 3 Tech Startups will be provided with Mentorship opportunity (3 Interactive Sessions with Mentor each month for 3 months) from NXP India Technical Leadership Experts
• Top 3 Tech Startups will be provided with Total Prize Money of INR 10 Lakhs distributed among winners (including all applicable & withholding taxes)

Extreme Tech Challenge (XTC)

• Top 3 Tech Startups will be invited to the Extreme Tech Challenge (XTC) to take part as finalist into global competitions
• For the global competition, finalists will be publicized by XTC and have their company evaluated by an elite panel of investors for global exposure.
• Fast track to the Top 25 in the Deep Tech Startup Competition from which the Top 5 Finalists, who will pitch at TNW (The Next Web), are selected
• Tickets to attend TNW for networking opportunities
• Startups will have an opportunity to rapid pitch during an XTC event

Electropreneur Park

• Top 10 Tech Startups (applicable to those in embedded system and product design space), will be invited as entrant for upto 3-month Equity-free Pre-Incubation at Electropreneur Park (ESDM Incubator). Benefits will include free of charge access to state of the art ESDM Lab test equipment’s to convert idea to prototype, Mentorship sessions for business plan refinement, technical mentorship and connect to ESDM suppliers, reimbursement of prototyping expenses upto INR 50,000/-.

SFAL

• Top 10 Tech Startups (applicable to those in Semiconductor & IP Design space), will be invited as entrant for upto 4-month Equity-free Cohort period together with SFAL – Semiconductor Fabless Acceleration Lab (Semiconductor & IP Design Incubator). Benefits during Cohort period will include Access to In-kind Partner (IKP) assets (worth per startup can be upwards of INR 10L): FPGA Innovation Lab@SFAL and Tools from In-Kind Partners, Access to webinars from SFAL and IKP partners, Guidance on business and investments, etc.

INCeNSE

• Top 10 tech startups (in semiconductor and related areas) will be invited for upto 3 month equity free pre- incubation at INCeNSE at IISc Bengaluru. Benefits during this period include in-kind partner support (worth INR 50,000 per startup via inupi2i program) to use CeNSE facilities for nanofabrication(NNFC), characterisation(MNCF) and system engineering and packaging. Also includes access to events/seminars run by INCeNSE and FSID and mentoring by faculty/research staff (upto 2hrs/month/cohort)

Click here for the official notification of NXP India Tech Startup Challenge 4.0.