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Successful entrance into today's fiercely competitive silicon industry hinges on collaboration among investors, entrepreneurs, and key partners. And for startup companies, time is money. Cadence Services helps startups meet their design milestones by bringing in skilled designers who apply advanced technologies and proven methodologies. This approach not only helps customers conserve precious capital, but also infuses internal design teams with the know-how that's critical to future phases of business.
Startup accelerator program
Actively involved with the venture capital community for many years, Cadence has been the engine behind numerous successful startups, whether helping with design methods, integrating IP, or supporting tapeout to foundries for prototyping and manufacture.
We recently formed the Cadence startup accelerator program to respond to the critical challenges facing entrepreneurs and venture capital firms. These include shrinking windows of opportunity, fierce worldwide competition, tight financial constraints, and of course the need for first-time-right silicon and product development success.
The program comprises an ecosystem of experienced venture capital investors, leading-edge design technologies, services and hardware, and leaders in IP supply, foundry, packaging, and test. This ecosystem facilitates an immediate start in development work once the investment is agreed upon. Based on mutual decision with investors, Cadence devotes its best human resources, design environments, and kits to help qualify the technical aspects and mitigate risk for chip design or proof-of-concept projects-sometimes before the startup company is even established.
Participating entrepreneurs and startups also benefit from turnkey Cadence VCAD solutions in a flexible model that includes the extended design experience of the global Cadence team, which can demonstrate a large portfolio of successful startup ventures.
"No one should underestimate the costs or complexities of starting up a new semiconductor company. Cadence has recognized this with their startup accelerator program, which has the potential to deliver the combined benefits of shorter time to market, a strong partner network, and great cost flexibility for emerging chip companies."
Martin Gibson, Partner at Atlas Venture Successful ventures include:
Altair Semiconductor
Jerusalem Venture Partners (JVP) is lead investor and Cadence is the prime provider of design solutions and services.
"Establishing a new chip company requires a very large investment in design tools, intellectual property, and silicon foundry commitments. This capital is committed well before the foundries and investors are sure the technology will work or that there's market demand. The program partners work together to "fast track" chip development, mitigate risk in the design process, and maximize the chances for success," explains Adam Fisher, General Partner at JVP.
"Even an experienced team faces new challenges in the startup environment. Reducing risk and increasing capital efficiency is crucial to delivering technical milestones and driving up the company valuation. We are excited about the contribution this initiative will make to the development of new semiconductor companies like ours," summarizes Oded Melamed, CEO of Altair Semiconductor.
Air Semiconductor
"Focus is a key asset for an early stage semiconductor startup. The Cadence startup accelerator program not only provides Air with access to a wealth of technology resources, but also it enables Air to focus our attention on delivering our products to the market," explains David Tester, Founder and CEO of Air Semiconductor.
Cadence startup accelerator program management (for venture capital firms and entrepreneurs)
Erez Tsur
Head of Global Business Development
Mobile: +972-54-5677510
E-mail: erez@cadence.com
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