Meta Launches $250K Mixed Reality Fund For Indian Startups, Developers

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Meta Launches $250K Mixed Reality Fund For Indian Startups, Developers


New Delhi: Meta on Wednesday introduced a brand new Mixed Reality (MR) programme in India that features a grant of $250,000 for homegrown startups and builders to construct apps and experiences. They can construct apps utilizing Meta’s Presence Platform — the corporate’s broad vary of machine notion and AI capabilities for the Meta Quest Platform and Metaverse. 

According to the corporate, the fund seeks to nurture innovation and construct an ecosystem of XR applied sciences within the nation. 

“Meta is committed to building the XR ecosystem in India. The Presence Platform is an integral part of the metaverse vision, aiming to make virtual experiences more tangible and accessible,” stated Sandhya Devanathan, Vice President for Meta in India.

As a part of the programme, a specific group of as much as 5 Indian builders and startups will obtain a monetary grant, together with devoted mentoring and steerage from the Meta Reality Labs specialists. 

They can even have a possibility to add their product to Quest App Lab and change into a part of Meta’s rising developer ecosystem. Selected startups can even get an introduction to main native enterprise capital funds on the finish of the programme, stated Meta.

“We believe that this fund and programme will accelerate the creation and adoption of VR and MR experiences in the country and give Indian developers an opportunity to go global with their innovations,” Devanathan added.

The fund is now open for candidates, inviting each established and rising startups and builders to experiment with the abilities supplied by the Presence Platform. 

The chosen builders might want to combine Presence Platform into present or new Meta Quest apps through options reminiscent of Passthrough, Scene Understanding, Spatial Anchors, Shared Spatial Anchors, Voice SDK, Text to Speech, Interaction SDK for Hand Tracking and Social Presence APIs, stated the corporate.





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