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    Atmanirbhar Bharat: Govt launches contest to promote homegrown microprocessor companies

    Synopsis

    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.

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    NEW DELHI: The government has launched a contest to promote homegrown microprocessor companies in line with its aim of Atmanirbhar Bharat. This comes after indigenously developed microprocessors 'Shakti' and 'Vega' have been rolled out under the Microprocessor Development Programme 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.

    Launching the initiative, Ravi Shankar Prasad, Union Minister of Law & Justice, Communications and Electronics & Information Technology, said that Swadeshi Microprocessor Challenge- Innovate 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 contents to promote a homegrown video conferencing tool along with give a push to local mobile applications.

    "As one of the concrete steps towards realizing 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 government said in a statement. 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 & Manufacturing in the country, it added.

    4 Comments on this Story

    Guest Login102 days ago
    1 Cr /2.5 Cr for microprocessor ?? This just don’t qualify as a joke
    mickky 102 days ago
    to encourage the people prize money should be more, should also put more emphasis on the quantum coding, that's the future of India
    Dew Drops102 days ago
    The government needs to give hundreds if not thousands of crores in seed capital.
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