Author: EIS Release Date: Aug 12, 2024
Eleven more UK semiconductor startups have joined the government backed incubator programme ChipStart. They are:
Apitronix Semiconductor
Chevin Technology
HeronIC
KuasaSemi
Metahelios
Nanomation
PhovIR Technologies
POM Health
Qontrol
Rigpa
Visionchip
The initial group of ChipStart participants raised over £10 million in funding from private investors and grants, and have nearly £20 million in commitments currently being finalised.
The ChipStart incubator will provide the companies with:
Access to commercial design capability: Including the full Silicon Catalyst ecosystem, design tools, IP, and prototyping capability;
iii-1-150x150.jpgCommercial expertise and mentorship: Startups receive guidance from experienced semiconductor industry executives and connections to Silicon Catalyst’s global network;
Exposure to private capital: Access to over 270 Silicon Catalyst advisors, Strategic Partners, and an extensive network of investment groups.
On completion, the initial two-year pilot of ChipStart will have provided a pipeline of new UK startups that have an innovative product, a route to market, and routes to future seed funding.
“British researchers are leading in R&D in this essential field and the support we are delivering through ChipStart is helping their ideas become reality,” says Lord Patrick Vallance, minister for science.
Sean Redmond, managing partner at Silicon Catalyst UK, the startup accelerator delivering the programme, says: “ChipStart UK is leveraging the UK’s position as a global centre of semiconductor research to transform academic innovations into market-ready technologies. Nine of the eleven firms come from UK universities.”