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A new wave of semiconductor start-ups has joined the Government-backed ChipStart scheme aimed at enhancing funding opportunities. This initiative, which began in October 2023 with £1.3 million in support, has already helped earlier participants secure nearly £20 million in investments. Among the new entrants is Pom Health, which is developing a wearable patch for continuous hormone monitoring, potentially benefiting fertility treatments.
The semiconductor sector is increasingly vital due to the growing demands of AI technologies, which require advanced computing power. The UK government emphasizes the importance of innovation in this field, as it can lead to significant advancements across various sectors, including healthtech and consumer devices. The ChipStart program not only provides financial backing but also mentorship and access to private capital, fostering the growth of these promising start-ups.
• Eleven semiconductor start-ups join ChipStart for funding and support.
• Pom Health develops wearable tech for hormone monitoring to aid fertility.
The article highlights their critical role in powering AI technologies and healthcare innovations.
This program aims to enhance the UK's position in the semiconductor industry and foster innovation.
The article discusses the increasing demand for AI technologies, driving the need for more powerful semiconductors.
The company is notable for its innovative approach to hormone monitoring, which could significantly impact fertility treatments.
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