Second round of ChipStart sees 11 more companies receive support

Eleven more companies have been granted funding through the government-backed ChipStart incubator, implemented by Silicon Catalyst. Launched in October 2023, this initiative aims to provide funding and assistance to 12 semiconductor startups as they introduce new products to the market.

Among the second group of startups receiving support are HeronIC, focusing on developing chips for more efficient AI systems, and POM Health, working on wearable hormone monitoring patches for fertility treatment.

Science Minister Patrick Vallance expressed his excitement about the potential impact of ChipStart’s supported innovations on various aspects of life, from fertility treatments to AI optimization and device battery life extension. He emphasized the importance of leveraging British science leadership to tackle global challenges and drive economic growth.

Following the success of the initial cohort in securing over £10m in funding from private investors and grants, with additional commitments nearing £20m, ChipStart plans to continue offering early-stage semiconductor companies access to commercial design capabilities, the silicon catalyst ecosystem, design tools, intellectual property, and prototyping resources.

In addition to commercial expertise and mentorship, the initiative provides exposure to private capital. Sean Redmond, managing partner of SiliconCatalyst.UK, highlighted ChipStart’s role in translating academic innovations into market-ready technologies and the program’s contribution to the growth of UK semiconductor executives.

MintNeuro, one of the supported companies, has made progress in securing funding and forming partnerships under ChipStart. CEO Dorian Haci mentioned the advancements in commercializing neural implant technologies to benefit individuals with neurological conditions.

Vaire Computing, a ChipStart-supported startup, raised $4.5m last year for its energy-efficient semiconductor solutions, which could significantly prolong smartphone battery life. CEO Rodolfo Rosini credited the networking opportunities provided by ChipStart for enabling the company’s growth.

Wave Photonics, another member of the cohort, closed an early funding round at £4.5m for its tool simplifying the design of photonic chips. CEO James Lee highlighted the potential applications of their technology beyond data communications, including biosensing and quantum computing.