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Key Points

Union Minister Ashwini Vaishnaw spotlighted Mindgrove Technologies' homegrown IoT chip as a leap toward India's semiconductor independence. The startup, incubated at IIT-Madras, secured Rs 15 crore under the DLI scheme for its Vision SoC. PM Modi reiterated India's goal to launch indigenous chips by 2025, backed by new projects worth Rs 4,600 crore. The government's push aligns with strategic self-reliance in tech under the India Semiconductor Mission.

Key Points: Ashwini Vaishnaw Hails Mindgrove's IoT Chip as Viksit Bharat Milestone

  • Mindgrove's IoT chip aids CCTV and Industry 4.0 applications
  • DLI scheme covers 50% design costs for startups
  • Vision SoC targets edge computing needs
  • Modi pledges made-in-India chips by 2025
2 min read

Chipsets with our own IP a key objective towards Viksit Bharat: Ashwini Vaishnaw

Union Minister Vaishnaw praises Mindgrove's indigenous IoT chip backed by DLI scheme, calling it pivotal for India's semiconductor self-reliance vision.

Chipsets with our own IP a key objective towards Viksit Bharat: Ashwini Vaishnaw
"Bharat steps up efforts to be a product nation – Ashwini Vaishnaw"

Mumbai, Aug 18

Union Railways and IT Minister Ashwini Vaishnaw on Monday lauded Indian startup Mindgrove Technologies for designing secure Internet of Things (IoT) chips, saying chipsets with our own IP is an important objective in the journey towards 'Viksit Bharat'.

The minister encouraged new startups by sharing Mindgrove's story of securing funding through the government's Design Linked Incentive (DLI) component, which reimburses up to 50 per cent of eligible expenses for Indian firms creating chips.

Vaishnaw took to X social media platform, saying that "Bharat steps up efforts to be a product nation. Chipsets with our own IP is an important objective in this journey."

"Our semiconductor mission has a component – Design Linked Incentives - DLI - to encourage startups who innovate and design chips. Supported by DLI Scheme and IIT-M expertise, Mindgrove Technologies has designed secure IoT chips. These are designed for CCTV cameras, industry 4.0 applications, and other IoT devices," the minister said.

"This high-performance microcontroller system-on-chip will also enable trusted indigenous solutions for strategic sectors," he added.

Mindgrove Technologies is a startup incubated at IIT-Madras in 2021 that had designed an IoT chip in 2024, that can power smart devices like smartwatches, home appliances, etc.

The government has supported Mindgrove through the Ministry of Electronics and Information Technology's (MeitY) Design-Linked Incentive (DLI) scheme.

The firm secured Rs 15 crore in funding from the scheme to cover design and production costs for developing a new chip called "Vision SoC", to be used for high performance edge computing and vision processing applications.

Meanwhile, Prime Minister Narendra Modi, in his 79th Independence Day address from the Red Fort, said that ‘Made-in-India’ semiconductor chips will be available in the market by the end of 2025.

The Cabinet has just approved four semiconductor projects worth Rs 4,600 crore. Odisha will receive two new projects, Andhra Pradesh and Punjab will each receive one. After new approvals, there are ten India Semiconductor Mission (ISM)-sanctioned projects in six states.

- IANS

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Reader Comments

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Priyanka N
While I appreciate the initiative, I hope the government ensures these chips are actually competitive globally. Just being "Made in India" isn't enough - they need to match or beat foreign alternatives in performance and price.
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Aman W
This is exactly what we need - more focus on R&D and less on just services. The DLI scheme seems promising. Hope more startups come forward to design chips for different applications. Jai Hind! 🙏
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Shreya B
As someone working in electronics manufacturing, this is game-changing! Importing chips adds so much cost and delays. If we can source locally, it will boost our entire manufacturing ecosystem. Fingers crossed for 2025!
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Karthik V
IIT-M continues to be the cradle of innovation! From Tejas networks to Mindgrove, they're producing world-class tech. Hope other IITs and private colleges also step up their incubation programs.
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Michael C
Interesting development. The global semiconductor market is extremely competitive though. India will need to invest heavily in fabrication plants to truly compete with Taiwan and South Korea. Design is just one part of the puzzle.
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Nisha Z
Great initiative but what about the talent pipeline? We need more specialized courses in VLSI design and semiconductor

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