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    New Delhi: New initiative to support innovations in semiconductor & sensor domain

    New Delhi: Indian companies having innovative technologies at commercialization stage in semiconductor & sensor domain now have an opportunity of being supported financially for commercialisation. Technology Development Board (TDB), a statutory body of the Department of Science & Technology, Government of India, 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 the Hon’ble Prime Minister Mr. 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.

    Sh. Rajesh Kumar Pathak, Secretary, TDB, 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 Atma Nirbhar Bharat initiative.” Applicants can visit TDB’s website, www.tdb.gov.in, for further details. The last date to submit the proposal is 26th March 2022.

    Initiate News Agency (INA) , New Delhi

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