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Extended Reality (XR) Startup Program

Extended Reality (XR) Startup Program:

The Ministry of Electronics & Information Technology (MeitY), and Meta have recently announced the list of 120 startups and innovators for the Extended Reality (XR) Startup Program.

  • The XR Startup Program is a collaboration between Meta and MeitY Startup Hub (MSH).
  • Aim is to accelerate India’s contribution towards building the foundations of the metaverse and nurturing the development of Extended Reality (XR) technologies in India.
  • It includes two segments namely; an Accelerator and a Grand Challenge
  • The Accelerator will nurture and foster 40 early-stage startups working with XR technologies through a well-designed 6-month program.
  • Each startup will get access to many benefits, including a grant of ₹ 20,00,000, mentorship by industry experts and researchers, access to a network of potential strategic partners and investors, technology and infrastructure support, and opportunities to participate and present at relevant industry events.
  • The Grand Challenge is aimed at supporting early-stage innovators to upscale from the R&D phase to developing workable prototypes and Minimum Viable Products (MVPs).
  • It will encourage early-stage innovators in sectors like Education, Learning and Skills, Healthcare, Gaming and Entertainment, Agritech & Climate Action and Tourism & Sustainability.
  • It will include 4 sector-specific challenges to advance the XR technology ecosystem in India.