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Meity start-up hub joins hands to boost the extended reality start-up ecosystem

September 14, 2022

Meity start-up hub joins hands to boost the extended reality start-up ecosystem
Meity Startup Hub of the IT ministry and Meta, the parent company of Facebook, teamed up to launch an accelerator programme to help and accelerate extended reality technology firms in India.

The XR Startup Program is a significant milestone in the domain of Metaverse, which is a crucial component of the developing future of the internet, according to the Minister of State for Electronics and IT Rajeev Chandrasekhar.

To promote and accelerate XR (extended reality) technology businesses across India, MeitY Startup Hub (MSH), an initiative of the Ministry of Electronics & Information Technology (MeitY), and Meta have teamed together.

The XR Programs and Research Fund of Meta, a two-year USD 50 million investment in programmes and external research with corporate partners, civil rights organisations, governments, non-profits, and academic institutions, underwrites the XR Startup Program.

Chandrasekhar emphasised the significance of the day in attaining Prime Minister Narendra Modi’s goal of making the following ten years India’s “Techade,” which will be brimming with chances for young Indians, at the program’s inaugural event.

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