Semicon 2.0: Govt to match VC funding in chip design, pick equity
The Indian government will match private venture capital investments in semiconductor design startups under its ₹1.27 trillion Semicon 2.0 programme, aiming to address funding gaps in the sector. This initiative allows startups to raise up to $10 million in early-stage capital, with the government contributing $5 million in return for equity. The program is designed to support the development of chip design prototypes, crucial for attracting further investment from private equity sources.