**Summary:**
The Indian semiconductor design ecosystem is experiencing significant growth, fueled by government initiatives and increasing private investment. Startups supported by the Ministry of Electronics and IT's (MeitY) Design Linked Incentive (DLI) Scheme and Chips to Startup (C2S) Programme are gaining traction. Netrasemi, a startup focused on chips for smart vision, CCTV cameras, and IoT applications, has secured ₹107 crore in venture capital (VC) investment. Since the DLI Scheme's launch in 2022, the government has committed ₹234 crore to support chip design projects from 22 companies, with a total project cost of ₹690 crore. These chips target applications in CCTV cameras, mobile networks, satellites, cars, and smart devices. These startups have collectively raised over ₹380 crore from VC investors. Five startups have successfully built and tested their chip designs with global manufacturers, and over 72 companies have access to advanced software design tools. Other notable startups include Mindgrove Technologies (CCTV chip design, raised ₹85 crore) and Fermionic Design (satellite communication chip, raised ₹50 crore). Morphing Machines, InCore Semiconductors, and BigEndian Semiconductors are advancing towards production. The government is actively encouraging chip design innovation, and private investors are providing crucial support for these startups to develop and commercialize their products.
Key Entities Referenced
Ministry of Electronics and IT: The Indian government ministry responsible for electronics and information technology.
MeitY Design Linked Incentive DLI Scheme: A scheme by the Ministry of Electronics and IT to incentivize chip design in India.
Chips to Startup C2S Programme: A program by the Ministry of Electronics and IT aimed at fostering semiconductor startups.
Netrasemi: An Indian startup working on chips for smart vision, CCTV cameras, and Internet of Things (IoT) applications that received VC investment.
India Semiconductor Mission: An initiative supporting design and manufacturing in India.
Shri Ashwini Vaishnaw: Union Minister for Electronics and IT of India.
Mindgrove Technologies: A company involved in CCTV chip design.
Fermionic Design: A company involved in satellite communication chip design.
Ministry of Electronics & IT
Semiconductor startups in India attracting record
investment, Driven by Government of India’s support
Posted On: 24 JUL 2025 5:19PM by PIB Delhi
The semiconductor design ecosystem in India is getting stronger day by day. Startups supported under the
Ministry of Electronics and IT’s (MeitY) Design Linked Incentive (DLI) Scheme and Chips to Startup (C2S)
Programme are now gaining significant traction.
Netrasemi gets VC investments of ₹107 cr
Netrasemi, a startup supported under the government’s chip design scheme, has received Venture Capital
(VC) investment of ₹107 crore. The company is working on making chips for smart vision, CCTV cameras,
and Internet of Things (IoT) applications.
Union Minister for Electronics and IT, Shri Ashwini Vaishnaw, welcomed the development & stated, “India
has significant design capabilities. With India Semiconductor Mission supporting Design in India, the success
of Netrasemi will encourage other Indian startups.”
Commitment of ₹234 crore to Indian startups
Since the launch of the DLI Scheme in 2022:
Government had committed the support of ₹234 crore for the chip design projects from 22
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companies with a total project cost of ₹690 crore
These chips will be used in CCTV cameras, mobile networks, satellites, cars, smart devices, etc.
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These startups have together raised over ₹380 crore from VC investors
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Five startups have already built and tested their chip designs with global chip manufacturers
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More than 72 companies have been given access to advanced software tools to help them design
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chips
Few other examples of startups getting backed through private investment are as follows:
Mindgrove Technologies (CCTV chip design) raised ₹85 crore
(cid:108)
Fermionic Design (satellite communication chip) raised ₹50 cr
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Morphing Machines, InCore Semiconductors, and BigEndian Semiconductors are progressing
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rapidly towards production stages
In the spirit of becoming a ‘product nation’, the government is encouraging young companies to take bold
steps in chip design, while private investors are now supporting them to grow and bring their chips to the
market.
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Dharmendra Tewari/ Navin Sreejith
(Release ID: 2147821)