Nabil Takla, Innovative Semi CEO, hatches incubator fund for Asia, eastern Europe

 
BENGALURU, India -- Nabil Takla, founder and chief executive of Innovative Semiconductor Inc. (Sunnyvale, Calif.), is teaming with a few like-minded semiconductor industry executives to start a tech incubator fund that will assist companies in Asia and eastern Europe.

The fund will be based in California but will have local offices in India, China, eastern Europe and western Asia. The still-to-be-named organization, the fund corpus of which was not disclosed, will nurture entrepreneurial engineers who lack the market exposure, mentors and money to commercialize technologies on their own. The organization will help formulate business plans and marketing strategies for the startups.

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