Indian Institute of Technology (IIT), Hyderabad launched the Fabless Chip Design Incubator (FabCI), dedicated exclusively to help startups in this sector.
Its goal is to incubate at least 50 'Make-in-India' chip design companies that can compete globally and generate Intellectual Property Rights (IPRs)
FabCI is said to be the first-of-its-kind in India that focuses on creating an ecosystem for grooming startups in chip design
FabCI is funded by the Ministry of Electronics and Information Technology (MeitY) and its technology partners are Cadence Design Systems, Inc. and Mentor Graphics.