MeitY Invites Applications To Provide Financial Support To Indian Firms To Make Chips

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Last date to submit the proposal is 26th March, 2022

The Ministry of Science and Technology (MeitY) has invited appilcations for providing financial support to domestic companies to set up shop for chip manufacturing in the country.

Proposals have been invited from Indian companies with indigenous technologies at commercialisation stage in semiconductor & sensor domain focusing on semiconductor fabrication, display fabrication, designing for integrated circuits (ICs), chipsets, system on chips (SoCs) and so on.

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“Indian companies having innovative technologies at commercialization stage in semiconductor & sensor domain now have an opportunity of been supported financially for commercialisation and of financial assistance in the form of loans, equity, and grants,” the ministry said in a statement.

The proposals invited by Technology Development Board, a statutory body of Department of Science & Technology, Government of India, has features like providing financial assistance to Indian Companies for Commercialization, evaluation based on Scientific, Technological, Financial and Commercial Merit, and Financial Assistance in the form of Loan, Equity and/or Grants.

The companies applying should be Indian companies (as per Companies Act,1956 /2013) or Start-ups with Recognition Certificate from DPIIT.

Semiconductors and display manufacturing are very complex and technology-intensive sectors involving huge capital investments, high risk, long gestation and payback periods, and rapid changes in technology, which require significant and sustained investments. The call will give an impetus to semiconductor and display manufacturing by facilitating capital support and technological collaborations, the ministry added.

For detailed Funding Guidelines and Proposal Submission, applicants can visit TDB’s website- www.tdb.gov.in.

Last date to submit the proposal is 26th March, 2022.

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