Season 5 of the NXP India Tech Startup Challenge is back, as part of NXP India’s ongoing efforts to promote entrepreneurship and innovation.
This program, which is being organized in partnership with Startup India Hub, is to improve the startup ecosystem by increasing tech startups’ worldwide visibility and network scalability.
Season 5 of the NXP India Tech Startup Challenge gives access to worldwide visibility, mentorship, and incubation. The top three winners will receive invitations to participate as finalists in international contests through the Extreme Tech Challenge (XTC).
Finalists will be promoted by XTC and have their business assessed by a select group of investors for worldwide exposure in the global competition. The program’s objective is to promote technological innovation and fortify the nation’s semiconductor and ESDM ecosystem.
Key Program Benefits:
Top 3 winning startups will receive:
- INR 10 Lacs in prize money, equally distributed among the winners
- Exclusive mentorship (three interactive sessions per month for three months) with NXP India experts
- Finalist positions at Extreme Tech Challenge (XTC), offering global exposure through evaluation by a high-profile panel of investors
Top 10 selected startups will benefit from:
- Networking and industry visibility through NXP and its partners
- Up to 3-month equity-free pre-incubation at Electropreneur Park (ESDM Incubator), featuring state-of-the-art lab equipment, business plan mentorship, technical support, supplier connections, and reimbursement of up to INR 50,000 for prototyping expenses
- Up to 4-month equity-free cohort program at SFAL, granting access to high-value In-kind Partner (IKP) assets, FPGA Innovation Lab@SFAL, specialized tools, business guidance, and investment mentorship
- Up to 3-month equity-free pre-incubation at INCeNSE at IISc Bengaluru, with benefits including in-kind partner support worth INR 50,000 per startup, nanofabrication and characterization facility access, faculty mentorship, and participation in industry events
Program Timeline:
- Application Open Date: February 6, 2025
- Application Closure Date: March 6, 2025
- Application portal link: Startup India
The top ten chosen startups will also receive vital resources from Electropreneur Park (ESDM Incubator), SFAL, and INCeNSE, including equity-free pre-incubation, cutting-edge lab facilities, and professional mentorship, to help them hone their ideas and grow their solutions.
Supporting startups in important sectors such as automotive, industrial & IoT, smart cities, smart homes, healthcare, and energy management, the challenge focuses on IP creation, processors, semiconductor fabless ASIC design, and embedded device development.
Eligible applicants must be startups incorporated in India as Private Limited Companies with at least 51% Indian ownership. The challenge seeks the most innovative technology startups working in AI, ML, IoT, 5G, Edge Computing, Functional Safety, Security, Ultra-Wideband, Wi-Fi 6, and beyond.
Season 4 winners, including Muse Diagnostics, Reflex Drive (Sunmint Energy), and Glovatrix, gained significant industry traction. Past winners have also been featured on platforms like Shark Tank India, showcasing the impact of this initiative.
Leadership Comments
“As we increasingly embrace smart technologies, the future is shaping up to be one where everything is interconnected, with systems that not only predict our needs but also automate solutions. With continuous advancements in tech and a surge of innovative business ideas, it will be fascinating to see the exciting developments that Season 5 of the NXP India Tech Startup Challenge unveils. We’re thrilled to offer startups the opportunity to gain global exposure and access to scalable networks, empowering them to make a transformative impact on the world market” said Lars Reger, Executive Vice President and Chief Technology Officer at NXP Semiconductors.
“The future of technology lies in intelligent, connected solutions that drive efficiency and sustainability. NXP India’s ongoing efforts to support the startup ecosystem through various initiatives with the Tech Startup Challenge being one of our premier programs since 2021. As we launch Season 5 of the NXP India Tech Startup Challenge, we are excited to engage with emerging startups that are set to redefine the tech landscape. Our goal is to provide these startups with the platform, mentorship, and global exposure they need to thrive” said Hitesh Garg, Vice President and India Managing Director, NXP Semiconductors.
