{"id":3942,"date":"2023-03-13T12:21:42","date_gmt":"2023-03-13T06:51:42","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=3942"},"modified":"2025-03-26T20:39:51","modified_gmt":"2025-03-26T15:09:51","slug":"extended-reality-xr-startup-program","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/extended-reality-xr-startup-program\/","title":{"rendered":"Extended Reality (XR) Startup Program"},"content":{"rendered":"<h2><strong>About Extended Reality (XR) Startup Program:<\/strong><\/h2>\n<ul>\n<li>The XR Startup Program is collaboration between <strong>Meta and MeitY Startup Hub<\/strong> (MSH).\u00a0<\/li>\n<li><strong>Aim:<\/strong> To accelerate India\u2019s contribution towards building the foundations of the metaverse and nurturing the development of Extended Reality (XR) technologies in India.<\/li>\n<li>It includes two segments namely; an Accelerator and a Grand Challenge<\/li>\n<li><strong>Accelerator:<\/strong>\u00a0\n<ul>\n<li>The Accelerator will nurture and foster 40 early-stage startups working with XR technologies through a well-designed 6-month program.\u00a0<\/li>\n<li>Each startup will get access to many benefits, including a grant of \u20b9 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.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Grand Challenge:<\/strong>\n<ul>\n<li>The Grand Challenge is aimed at supporting early-stage innovators to upscale from the R&amp;D phase to developing <strong>workable prototypes and Minimum Viable Products (MVPs).<\/strong><\/li>\n<li>It will encourage early-stage innovators in sectors like Education, Learning and Skills, Healthcare, Gaming and Entertainment, Agritech &amp; Climate Action and Tourism &amp; Sustainability.<\/li>\n<li>\u00a0It will include 4 sector-specific challenges to advance the XR technology ecosystem in India.\u00a0<\/li>\n<li>A total of 80 shortlisted innovators will receive <strong>a grant of \u20b9 50,000 <\/strong>and an opportunity to attend the boot camp.\u00a0<\/li>\n<li>Of the 80 shortlisted innovators, 16 innovators will be supported with grants worth \u20b9 20,00,000 to help them develop MVP(s)\/ prototypes.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is Metaverse?<\/h3>\n<p>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.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=1894084\" target=\"_blank\" rel=\"nofollow noopener\"><u>MeitY Startup Hub and Meta shortlist 120 Startups and Innovators for the XR Startup Program<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Extended Reality Startup Program is collaboration between Meta and MeitY Startup Hub (MSH).<\/p>\n","protected":false},"author":5,"featured_media":3943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3942","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/3942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=3942"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/3942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/3943"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=3942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=3942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=3942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}