New Incubation Centers for Startups

Summary of WaveX's New Incubation Centers for Startups in Media, Entertainment, and AVGC-XR Sectors

• Launch Announcement: WaveX, the startup accelerator under the Ministry of Information & Broadcasting’s WAVES initiative, launched seven new incubation centers to support startups in the Media, Entertainment, and the Animation, Visual Effects, Gaming, and Comics (AVGC) and Extended Reality (XR) sectors.

• New Centers: The new incubation centers will be established at:

  • Indian Institute of Mass Communication (IIMC), Delhi
  • IIMC, Jammu
  • IIMC, Dhenkanal (Odisha)
  • IIMC, Kottayam (Kerala)
  • IIMC, Amravati (Maharashtra)
  • Film and Television Institute of India (FTII), Pune
  • Satyajit Ray Film and Television Institute (SRFTI), Kolkata

• Facilities and Infrastructure: The centers are designed to provide world-class facilities, including access to advanced equipment for film production, game development, editing, and more, aligned with global standards. Key features include:

  • 8K Red Raptor Vista Vision camera
  • 4K HDR preview theatre with Dolby Atmos
  • Professional sound and color-mixing theatres
  • Virtual production stages with LED walls

• Support to Startups: Selected startups will receive:

  • Incubation facilities and industry connections
  • Funding support and mentorship for sales and marketing
  • Access to co-working spaces, AV/Digital labs, and high-speed internet

• International Exposure: Startups will have opportunities for international exposure at key events like VivaTech in Paris and the Game Developers Conference in the USA.

• Partnerships and Network: The incubation model includes collaborations with IITs, T-Hub, and existing incubators, enhancing learning and networking opportunities. Additionally, startups will work with media units of the Ministry of Information & Broadcasting.

• Application Process: Applications are now open for interested startups. Each center will select 15 startups with a monthly fee of ₹8,500 + GST. Preference will be given to those in the Media, Entertainment, and AVGC-XR sectors.

• WaveX's Mission: WaveX aims to foster innovation and support early-stage ventures, focusing on potential rather than existing products, particularly in cutting-edge fields like gaming, AR/VR/XR, and AI-driven content creation.

Key Points

• Newly Established Centers: Seven incubation centers across various Indian cities.
• Target Sectors: Focus on AVGC and XR startups.
• Facilities Provided: State-of-the-art equipment and mentorship.
• International Opportunities: Participation in global startup events.
• Application Details: Starting at ₹8,500 + GST; applications currently open.
• Strategic Goal: To build a robust ecosystem for innovative media technologies in India.