Ministry of Electronics & IT and Meta have come together to launch the program called MeitY Startup Hub (MSH) to support and accelerate XR technology startups across India.
The MeitY Startup Hub, an initiative of MeitY, is a national platform focused on promoting technology innovation, start-ups, and the creation of intellectual properties. The initiative by Meta and the Ministry of Electronics & IT currently has around 3000+ tech startups supported, with a vision to ramp it up to more than ten thousand startups in the next three to five years.
The program was announced on 13 September 2022. Shri Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology, and Skill Development & Entrepreneurship, and Joel Kaplan, Vice President, Global Policy, Meta, were present at the launch.
Also Read: Meta and Jio Platforms collaborate to launch JioMart on WhatsApp: The first-ever end-to-end shopping experience on WhatsApp
This collaboration is part of the Government’s efforts for skilling in emerging and future technologies.
The ministry mentioned that India is uniquely placed to play a pivotal role in the metaverse with a large talent pool of creators, developers, and a vibrant technology ecosystem. The world looks to it to supply technology, innovation, and talent to cater to the greater demand for digital products.