NXP India kicks off second season of Tech Startup Challenge 2022

NXP India has kicked off the second season of Tech Startup Challenge 2022 that it is organising in collaboration with Startup India Hub — a platform for startups by the Ministry of Commerce and Industry.   

Sanjay Gupta, Vice President of NXP Semiconductors, said: “We aim to make India a global leader in cultivating the next generation of sustainable tech startups. It’s a matter of great pride for us, to showcase the indigenous and untapped talent pool of our country on a global platform.”  

The challenge aims to support and mentor start-ups which focus on IP, processors development, semiconductor designs and embedded product development across Automotive, Industrial & IoT, Mobile and Communication Infrastructure. 

The event, which will host all the applications and Extreme Tech Challenge (XTC) will invite top three startups as finalists at the XTC’s bootcamp event and global winners’ competition and have them evaluated by an elite panel of investors for global exposure, as revealed by NXP.  

The company has also revealed that Incubator partners, Electropreneur Park (ESDM Incubator) and Semiconductor Fabless Acceleration Lab (SFAL) will provide Top 10 Tech Startups with equity-free pre-Incubations, lab test equipment’s to convert idea to prototype, mentorship sessions for business and investment and include certain monitory benefits.  

“With constant evolution in technology and budding innovative business ideas, it would be interesting to see what the Season 2 of NXP India Tech Startup Challenge has to offer. We look forward to providing global visibility and network scalability to startups that have the potential to revolutionise the global market,” said Lars Reger, Executive Vice President and Chief Technology Officer, NXP Semiconductors.  

In Season 1 of the event, four startups were selected out of 192 applications for NXP India Tech Startup Challenge 2021.  Two startups, Thinkerbell Labs and Sunfox, from the winner’s portfolio also got representation into Shark Tank India.