NXP Semiconductors N.V. (NASDAQ: NXPI) enables a smarter, safer and more sustainable world through innovation. As the world leader in secure connectivity solutions for embedded applications, NXP is pushing boundaries in the automotive, industrial & IoT, mobile, and communication infrastructure markets. Built on more than 60 years of combined experience and expertise, the company has approximately 31,000 employees in more than 30 countries and posted a revenue of $11.06 billion in 2021. Find out more about NXP technologies at www.nxp.com.
This event is for the purpose of Connecting, Collaborating, and Nurturing Indian Technology Startups. This event will drive Global Visibility and Network Scalability for Tech Startups. The agility of Startups is key and they get to present to thousands of tech leaders through this leading tech event.
The hosting of the NXP India Tech Startup Challenge has been made possible with the help of NXP India’s partners, which include its Government Partner: Startup India, Ecosystem Partner: Invest India, Global Partner: Extreme Tech Challenge (XTC), and Incubation partners: Electropreneur Park and the Semiconductor Fabless Acceleration Lab (SFAL).
a. Startups incorporated in India as a Private Limited Company with 51% of the company owned by Indian citizens (At least one company founder or executive is a legal resident of India, and at least 18 years of age at the time of entry into the Competition).
b. Who is invited to Participate? – Technology Startups focusing on IP, Processors development, Semiconductor fabless ASIC design, and Embedded product development are the target of this initiative.
c. Also, the Indian ecosystem should be a global leader in cultivating the next generation of startups where Sustainable development and Technology with social purpose are integral to their commercial business plan and operations.
Technology Startups focusing on IP, Processors development, Semiconductor fabless ASIC design, and Embedded product development are the target of this initiative
• Technology focus areas: AI, ML, IoT, 5G, Edge Computing, Functional Safety, Human Machine Interface, IoT Security, Motor Control, Ultra-Wideband, Voice, Wifi-6, etc.
• Industry Sectoral focus areas: Automotive, Industrial, Communication Infrastructure, Mobile, Smart City, Smart Home, etc.
• Cloud Infrastructure focus areas: Machine Learning, Authentication, Data Analytics, Services, etc.
• Edge focus areas: Home Gateway, Auto Gateway, Smart City, Industrial Controller, Smart Home, Smart Health, Smart Retail, Wearables, Smart Buildings, Voice Assistant, Robotics, Media Streaming, etc.
Awards:-
• Selected Top 3 Tech Startups will be provided with Total Prize Money of upto INR 10 Lacs distributed among winners (including all applicable & withholding taxes) from NXP.
Non-Fiscal Incentives
Special Incentives:
• Industry Visibility for Selected Top 10 Tech Startups to share their business value proposition to NXP and Industry partners along with networking opportunities.
• Selected Top 3 Tech Startups will be provided with the Mentorship opportunity (3 Interactive Sessions with Mentor each month for 3 months, 10+ hours of Mentorship overall) from NXP India Technical Leadership Experts.
• Selected Top 3 Tech Startups will be invited as Finalists in the Extreme Tech Challenge (XTC), eligible for XTC’s Bootcamp event and global winners competition. The Bootcamp is constituent of multiple hours of tutorials (a weeklong intensive mentorship program) and small group interactions with global-level executives of major technology, business, and venture capital industry leaders. For the XTC global competition, finalists will be publicized by XTC and have their company evaluated by an elite panel of investors for global exposure.
• Selected 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/-.
• Selected 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.
Deadline:- 18-03-2022
