Extended Reality (XR) Startup Program

Table of Contents☰

About Extended Reality (XR) Startup Program:

The XR Startup Program is collaboration between Meta and MeitY Startup Hub (MSH).
Aim: 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
Accelerator:
- 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.
Grand Challenge:
- 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.
- A total of 80 shortlisted innovators will receive a grant of ₹ 50,000 and an opportunity to attend the boot camp.
- Of the 80 shortlisted innovators, 16 innovators will be supported with grants worth ₹ 20,00,000 to help them develop MVP(s)/ prototypes.

Q1) What is Metaverse?

The metaverse is the emerging 3-D-enabled digital space that uses virtual reality, augmented reality, and other advanced internet and semiconductor technology to allow people to have lifelike personal and business experiences online.

Source: MeitY Startup Hub and Meta shortlist 120 Startups and Innovators for the XR Startup Program