Need some advice on a first IC project
I'm an EE graduate from a good engineering university in Asia and currently work as a communications engineer. During undergrad I spent ~2.5 years in a hardware research lab.
Recently I got approached by a government organization that's trying to build a small Fabless IC design team. They apparently have a decent amount of funding and want a project that can show real results fairly quickly. They've tried a few things before, but apparently nothing really worked out.
Here's the funny part: they asked me to come up with project ideas.
I'm interested in IC design, but I'm honestly still pretty junior in the field. I have some relevant research experience, but I've never taped out a chip and have never taken a design through a complete ASIC flow. So I'm honestly not sure how qualified I am to decide what a new team should build.
Some ideas I've been thinking about are an LDPC/DSP accelerator, RISC-V SoC, hardware security IP, ADC/DAC, or some kind of communication accelerator. But I am such a rookie to take on these tasks.
So I'd really like some advice from people who've actually done this:
If you were in my position, what would you do?
Would you try to come up with a relatively simple project and help them get started? Or would you tell them they need experienced IC designers first? I don't think they would accept the latter, because they're so desperate to break into the IC industry.
There's also another possibility I'm considering: asking them to support me in getting proper graduate-level IC design/research experience, and then coming back with that experience to help build the team.
And for those who've done a first tapeout: what would you consider a realistic first project for a small team with funding but very little IC design experience?
I'm looking for honest advice, including if you think this whole situation is unrealistic.