- Under the Swadeshi Microprocessor Challenge, 100 shortlisted companies will win a grant of total Rs 1 crore, while 25 finalists will win Rs.1 crore each
- The top 10 teams entering the finale will get the seed fund of total Rs.2.30 crore and 12 months of incubation support
- The government has already launched content to promote a homegrown video conferencing tool along with give a push to local mobile applications
According to a report published in The Economic Times, the government has launched a contest to promote homegrown microprocessor companies in line with its aim of Atmanirbhar Bharat.
This has been followed after the indigenously developed microprocessors ‘Shakti’ and ‘Vega’ have been rolled out under the Microprocessor Development Programmes of the ministry of electronics and IT.
Under the Swadeshi Microprocessor Challenge, 100 shortlisted companies will win a grant of total Rs 1 crore, while 25 finalists will win Rs.1 crore each. The top 10 teams entering the finale will get the seed fund of total Rs.2.30 crore and 12 months of incubation support.
Strong Ecosystem
Launching the initiative, Ravi Shankar Prasad, Union Minister of Law & Justice, Communications and Electronics & Information Technology, said that Swadeshi Microprocessor Challenge – Innovative Solutions for Aatmanirbhar Bharat will provide further impetus to the strong ecosystem of Start-up, innovation and research in the country. The government has already launched content to promote a homegrown video conferencing tool along with give a push to local mobile applications.
The report also shared that as one of the concrete steps towards realising the ambition of self-reliance and a momentous stride towards “Atmanirbhar Bharat”, this initiative is aimed at not only meeting India’s future requirements of strategic and industrial sectors but also has the potential to mitigate the issues of security, licensing, technology obsolescence and most crucially cutting dependency on imports.
The design, development and fabrication of these processor variants at foundry in the country and abroad will take India closer to the goal of developing an ecosystem of Electronic System Design and Manufacturing in the country, it added.
