MeitY Startup Hub, Meta to launch program to accelerate XR technology startups in India

Tags: National Economy/Finance National News

The Ministry of Electronics and Information Technology (MeitY) will launch a program to support and accelerate XR technology startups across India in collaboration with Startup Hub META.

IMPORTANT FACTS -

• This collaboration is part of the government's efforts to skill in emerging and futuristic technologies.

• With a large talent pool of creators, developers and a vibrant technology ecosystem, India has the potential to play a significant role in the metaverse.

• MeitY Startup Hub, an initiative of MeitY, is a national platform focused on promoting technology innovation, start-ups and creation of intellectual property.

• Currently, it has over 3,000 tech startups, with the expectation of growing to over 10,000 startups in the next three to five years.

Minister of Electronics and IT  - Ashwini Vaishnaw